D.R. Horton(DHI) - 2026 Q1 - Earnings Call Presentation

Financial Performance & Expectations - D.R. Horton's Q1 FY26 net income was $594.8 million, resulting in earnings per diluted share of $2.03[88] - The company's consolidated pre-tax income for Q1 FY26 was $798.1 million, with a pre-tax profit margin of 11.6%[88] - D.R. Horton anticipates FY 2026 consolidated revenues to be in the range of $33.5 billion to $35.0 billion and expects to close between 86,000 and 88,000 homes[18] - The company expects to repurchase approximately $2.5 billion of common stock and pay out ~$500 million in dividends in fiscal year 2026[18,58] Market Position & Operations - D.R. Horton closed 17,818 homes in Q1 FY26, generating home sales revenues of $6.5 billion[88,89] - 63% of D.R. Horton's homebuyers are first-time homebuyers[8] - D.R. Horton's average sales price is $368.3K[8,28] - D.R. Horton's financial services segment had an 81% mortgage capture rate of D.R. Horton homebuyers[15,84] Land and Lot Strategy - D.R. Horton had 445,000 controlled lots (75%) and 145,500 owned lots (25%) as of December 31, 2025[78] - Forestar, in which D.R. Horton owns 62%, sold 14,240 lots and generated $1.7 billion of revenue in FY25[84,110]