D.R. Horton Q1 Income Up 50% YOY
Arlington, TX, January 27, 2020-D.R. Horton reported that net income for Q1 2020 increased 50% compared to Q1 2019.
Homebuilding revenue for Q1 2020 increased 14% year over year. Homes closed in the quarter increased 13% to 12,959 homes compared to 11,500 homes closed in the same quarter of fiscal 2019.
Net sales orders for Q1 increased 19% to 13,126 homes and 22% in value to $3.9 billion compared to 11,042 homes and $3.2 billion in the same quarter of the prior year.