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BRIEF-D.R. Horton says has no immediate plans for a "big" deal - Conf call‍​
November 9, 2017 / 2:36 PM / a month ago

BRIEF-D.R. Horton says has no immediate plans for a "big" deal - Conf call‍​

Nov 9 (Reuters) - D.R. Horton Inc

* Sees Q1 home sales gross margin around 20 percent, and homebuilding SG&A to be the range of 9.5-9.8 percent

* says cash flow from operation should be in excess of $1 billion by 2020

* expects to increase share repurchases to a point that it fully offsets dilution, so that its share count will remain flat by 2020

* says would continue to look at deals, but has no immediate plans for something “big”

* Says there are plenty of acquisition opportunities that it is evaluating to determine interest on - conf call

* Says has seen success with integrating small private companies in the past to get quicker return of cash‍​ Further company coverage:

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