Guidance
Based on current market conditions and the company’s results for the first half of the year, D.R. Horton is updating its fiscal 2024 guidance as follows:
- Consolidated revenues of approximately $36.7 billion to $37.7 billion vs. $36.75B consensus.
- Homes closed by homebuilding operations of 89,000 homes to 91,000 homes.
- Share repurchases of approximately $1.6 billion.
- Income tax rate of approximately 23.5% to 24.0%.
The Company reiterates its fiscal 2024 guidance for cash flow provided by homebuilding operations of approximately $3.0 billion.
The Company plans to also provide guidance for its third quarter of fiscal 2024 on its conference call today.
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