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D.R. Horton Inc (DHI)

DHI on New York Consolidated

42.67USD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

D.R. Horton and Forestar announce preliminary merger consideration election results
Thursday, 28 Sep 2017 08:00am EDT 

Sept 28 (Reuters) - D.R. Horton Inc :D.R. Horton and Forestar announce preliminary merger consideration election results.D.R. Horton Inc - ‍holders of about 91.23% of outstanding shares of Forestar common stock, elected to receive cash consideration​.  Full Article

D.R. Horton Inc says Co, Mizuho Bank entered amendment No. 6 to credit agreement
Thursday, 28 Sep 2017 06:30am EDT 

Sept 28 (Reuters) - D.R. Horton Inc :D.R. Horton Inc says ‍effective September 25, Co, Mizuho Bank entered amendment No. 6 to credit agreement dated as of September 7, 2012 - SEC filing​.D.R. Horton Inc - pursuant to terms of amendment aggregate revolving credit commitments increase to $1.27 billion.D.R. Horton-‍as per amendment lenders agreed to raise credit agreement's accordion feature to permit commitment amount to be raised by up to $637.5 million​.D.R. Horton Inc - pursuant to terms of amendment revolving credit facility termination date extended to September 25, 2022.  Full Article

D.R. Horton expects Q4 backlog conversion rate to be 85 pct due to impact of hurricanes
Monday, 25 Sep 2017 06:50am EDT 

Sept 25 (Reuters) - D.R. Horton Inc :D.R. Horton, Inc. updates its fourth quarter and fiscal year 2017 guidance.D.R. Horton Inc - ‍due to delays caused by recent hurricanes, co now expects its backlog conversion rate for Q4 of fiscal 2017 to be approximately 85 percent​.D.R. Horton Inc - ‍for fiscal year, company expects to generate approximately $150 million of cash flow from operations​.D.R. Horton Inc - company does not expect recent weather events to have an impact on its preliminary fiscal 2018 guidance issued in July.Q4 earnings per share view $0.85, revenue view $4.13 billion -- Thomson Reuters I/B/E/S.  Full Article

D.R. Horton Inc says experienced minimal damage to homes under construction in Houston
Friday, 15 Sep 2017 12:15pm EDT 

Sept 15 (Reuters) - D.R. Horton Inc ::Says experienced minimal damage to homes under construction in Houston, teams have resumed full operations‍​.Says Florida divisions are currently assessing the storm’s damage and its potential impact on their operational schedules‍​.Says do not currently expect any impact to previously issued preliminary fiscal 2018 guidance.Says fourth quarter home closings will likely be below the low end of previously announced backlog conversion guidance range of 88% to 90%​.  Full Article

D.R. Horton Q3 average closing price $293,100
Wednesday, 26 Jul 2017 11:43am EDT 

July 26 (Reuters) - D.R. Horton Inc ::Q3 average closing price $293,100, up 1 percent compared to prior year - conf call.Sees FY 2017 home closings in the range of 45,800-46,200 and consolidated revenue of $13.9 billion-$14.1 billion - conf call.Sees Q4 home sales gross margin of around 20 percent - conf call.Says preliminary expectations for FY 2018 consolidated revenues to increase 10-15 percent - conf call.  Full Article

D.R. Horton reports Q3 earnings per share $0.76
Wednesday, 26 Jul 2017 06:00am EDT 

July 26 (Reuters) - D.R. Horton Inc ::D.R. Horton Inc America’s builder, reports fiscal 2017 third quarter earnings and declares quarterly dividend of $0.10 per share.Q3 earnings per share $0.76.Q3 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Q3 net sales orders up 13 percent to $3.9 billion.D.R. Horton Inc says Q3 net sales orders increased 13 pct in value to $3.9 bln and 11 pct in homes to 13,040.D.R. Horton Inc says Q3 homes closed increased 17 pct in value to $3.7 bln and 16 pct in homes to 12,497.D.R. Horton - sales order backlog of homes under contract at June 30, 2017 increased 3 pct to 15,161 homes and 6 pct in value to $4.6 bln.D.R. Horton Inc says homes in inventory at June 30, 2017 increased 9 pct to 27,600 homes compared to 25,300 homes at June 30, 2016.D.R. Horton Inc - ‍homebuilding revenue for Q3 of fiscal 2017 increased 17 pct to $3.7 bln from $3.1 bln in same quarter of fiscal 2016​.D.R. Horton Inc says subsequent to quarter-end, company's board of directors authorized repurchase of up to $200 mln of company's common stock.D.R. Horton Inc says transaction with Forestar Group is expected to close during company's Q1 of fiscal 2018.  Full Article

D.R. Horton reports Q3 EPS $0.76
Wednesday, 26 Jul 2017 06:00am EDT 

July 26 (Reuters) - D.R. Horton Inc :D.R. Horton, America’s builder, reports fiscal 2017 third quarter earnings and declares quarterly dividend of $0.10 per share.Q3 earnings per share $0.76.Q3 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Q3 revenue $3.9 billion versus i/b/e/s view $3.72 billion.Says Q3 net sales orders increased 13 pct in value to $3.9 billion and 11 pct in homes to 13,040.Says Q3 homes closed increased 17 pct in value to $3.7 billion and 16 pct in homes to 12,497.Sales order backlog of homes under contract at june 30, 2017 increased 3 pct to 15,161 homes and 6 pct in value to $4.6 billion.Says homes in inventory at June 30, 2017 increased 9 pct to 27,600 homes compared to 25,300 homes at June 30, 2016.‍Homebuilding revenue for Q3 of fiscal 2017 increased 17 pct to $3.7 billion from $3.1 billion in same quarter of fiscal 2016​.Says subsequent to quarter-end, company's board of directors authorized repurchase of up to $200 million of company's common stock.  Full Article

D.R. Horton says merger agreement with Forestar contains termination rights for co,Forestar, in event merger is not consummated by Jan 25
Thursday, 29 Jun 2017 09:23am EDT 

June 29 (Reuters) - D.R. Horton Inc :D.R. Horton Inc - Merger agreement with Forestar contains termination rights for co,Forestar, in event merger is not consummated by Jan 25, 2018.D.R. Horton Inc - Forestar must pay co $20 million termination fee if co terminates merger following change of recommendation - SEC Filing.D.R. Horton - Merger agreement contains termination rights for co, Forestar, including mutual termination right if merger is not consummated by Jan 25, 2018.D.R. Horton - ‍upon termination of deal if Forestar stockholders don't approve deal/certain circumstances, Forestar to pay co upto $4 million for expenses incurred by co​.  Full Article

D.R. Horton and Forestar announce merger agreement
Thursday, 29 Jun 2017 08:45am EDT 

June 29 (Reuters) - D.R. Horton Inc :D.R. Horton and Forestar announce merger agreement to create a leading national land development company.D.R. Horton has cash and other immediately available capital to fund approximately $560 million cash consideration.Transaction is expected to be accretive to D.R. Horton's fiscal 2018 earnings.Currently intends to gradually reduce its ownership position in Forestar and increase public float of Forestar stock.‍Forestar will operate as public co led by Donald Tomnitz, former CEO of co, as exec chairman,members of current Forestar management team​.‍Forestar's headquarters will remain in austin​.  Full Article

D.R. Horton reiterates proposal to acquire 75 pct of Forestar Group’s common stock for $16.25/shr
Thursday, 22 Jun 2017 07:42am EDT 

June 22 (Reuters) - D.R. Horton Inc :d.r. Horton reiterates proposal to acquire 75% of forestar group’s common stock for $16.25 per share.d.r. Horton reiterates proposal to acquire 75% of forestar group’s common stock for $16.25 per share.d.r. Horton inc - "believes its proposal will provide superior value to forestar shareholders over amended agreement with starwood capital group".  Full Article

BRIEF-D.R. Horton and Forestar announce successful closing of merger

* D.R. Horton and Forestar announce successful closing of merger and final election and allocation results Source text for Eikon: Further company coverage: