D.R. Horton, Inc. (D.R. Horton) is a homebuilding company in the United States. It constructs and sells homes, through the operating divisions in 27 states and 75 metropolitan markets of the United States. The Company’s homes range in size from 1000 to 4000 square feet. During the fiscal year ended September 30, 2009 (fiscal 2009), the Company closed 16,703 homes. The Company’s operating segments consists of six homebuilding segments and a financial services segment. In fiscal 2009, the homebuilding operations comprised of 99% of the consolidated revenues of the Company. In addition to building single-family detached homes, D.R. Horton also build attached homes, such as town homes, duplexes, triplexes and condominiums (including some mid-rise buildings), which share common walls and roofs. In fiscal 2009, the sale of detached homes generated approximately 81% of the home sales revenues.
Quick Financial Synopsis
BRIEF: For the fiscal year ended 30 2009, D.R. Horton, Inc.'s revenues decreased 45% to $3.66B. Net loss decreased 79% to $545.3M. Revenues reflect a decrease in income from Homebuilding and lower revenue from Financial Services segment. Net loss was offset by decreased cost of sales, lower selling, general & administrative expenses, the absence of goodwill impairment and the presence of gain on early retirement of debt vs. loss.
Company Address
D.R. Horton, Inc.
301 Commerce Street Suite 500 Fort Worth TX 76102
P: +1817.3908200