EarningsD.R. Horton reported F3Q adjusted earnings per share of $4.13, surpassing estimates and consensus.
Market PositionD.R. Horton is well-positioned to outsell peers given its deep local market-share positions, low-cost and efficient-production business model, breadth of geographic markets, and affordable entry-level home focus.
Shareholder ReturnsManagement expects proportionally higher share repurchases and dividends being paid out of the higher cash flow.