Financial Performance & Shareholder Returns - D R Horton's return on equity was 16 1% for the trailing twelve months ended June 30, 2025[5,82] - The company returned $4 6 billion to shareholders through repurchases and dividends[5] - D R Horton expects to repurchase $4 2 billion to $4 4 billion of common stock in fiscal year 2025[36,46] - D R Horton expects to payout approximately $500 million in dividends in fiscal year 2025[36,46] Market Position & Operations - D R Horton is the largest homebuilder in America for 23 years[5] - D R Horton operates in 126 markets across 36 states[4] - 89% of D R Horton's revenue comes from homebuilding[7] - 71% of homes closed were priced below $400k[23] - D R Horton's average sales price was 28% below the national average for the quarter ended 6/30/25[30] Q3 2025 Results & FY 2025 Expectations - D R Horton's Q3 2025 earnings per diluted share were $3 36 on net income of $1 0 billion[82] - D R Horton's Q3 2025 home sales revenues were $8 6 billion on 23,160 homes closed[82,83] - D R Horton expects consolidated revenues in the range of $33 7 billion to $34 2 billion for FY 2025[36]

Company Overview - Lennar Corporation is one of the nation's largest homebuilders, founded in 1954, focusing on building quality homes for all generations [3] - The company offers affordable, move-up, and active adult homes primarily under the Lennar brand name [3] - Lennar's Financial Services segment provides mortgage financing, title, and closing services mainly for buyers of Lennar's homes, and also originates mortgage loans secured by commercial real estate properties through LMF Commercial [3] - The Multifamily segment is a nationwide developer of high-quality multifamily rental properties [3] - LENX drives Lennar's technology, innovation, and strategic investments [3] Upcoming Earnings Release - Lennar Corporation will release its earnings for the second quarter ended May 31, 2025, after the market closes on June 16, 2025 [1] - A conference call will be hosted on June 17, 2025, at 11:00 a.m. Eastern Time [1] Access to Conference Call - The conference call will be broadcast live and can be accessed through Lennar's website at investors.lennar.com [2] - If unable to participate live, the call will be archived at the same website for 90 days [2]