|
D.R. Horton, Inc. Reports a 23% Increase in Second Quarter
Net Sales Orders to $4.1 Billion, the Highest Quarterly Sales in Company
History
FORT WORTH, Texas, April 7, 2005 -- D.R. Horton, Inc. (DHI) Thursday (April
7, 2005), reported the highest quarterly net sales orders in Company
history. Net sales orders for the second quarter ended March 31, 2005
increased 23% to $4.1 billion (14,401 homes), compared to $3.3 billion
(13,480 homes) for the same quarter of fiscal 2004. Net sales orders for the
first six months of fiscal 2005 increased 26% to $6.8 billion (24,302
homes), compared to $5.4 billion (21,714 homes) for the same period of
fiscal 2004.
Donald R. Horton, Chairman of the Board, said, "We are extremely pleased
with our strong sales performance, with each of our regions reporting net
increases in both homes sold and sales dollars for the quarter. Sales
volumes improved sequentially each month this quarter, with March sales of
$1.5 billion setting a record for the highest monthly sales in Company
history. All of our sales increases are organic. Our strong sales and record
sales backlog position the Company for another record year in fiscal year
2005."
D.R. Horton, Inc., America's Builder, is the largest homebuilder in the
United States, delivering more than 43,000 homes in its fiscal year ended
September 30, 2004. Founded in 1978 in Fort Worth, Texas, D.R. Horton has
expanded its presence to include 63 markets in 21 states in the Midwest,
Mid- Atlantic, Southeast, Southwest and Western regions of the United
States. The Company is engaged in the construction and sale of high quality
homes with sales prices ranging from $80,000 to over $900,000. D.R. Horton
also provides mortgage financing and title services for homebuyers through
its mortgage and title subsidiaries.
Portions of this document may constitute "forward-looking
statements" as defined by the Private Securities Litigation Reform Act of
1995. Although D.R. Horton believes any such statements are based on
reasonable assumptions, there is no assurance that actual outcomes will not
be materially different. All forward-looking statements are based upon
information available to D.R. Horton on the date this release was issued.
D.R. Horton does not undertake any obligation to publicly update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statement in this release
relates to our strong sales and record sales backlog positioning the Company
for another record year in fiscal 2005. Factors that may cause the actual
results to be materially different from the future results expressed by the
forward-looking statements include, but are not limited to: changes in
general economic, real estate and business conditions; changes in interest
rates and the availability of mortgage financing; warranty and product
liability claims; our substantial debt; governmental regulations and
environmental matters; competitive conditions within the industry; the
availability of capital to the Company on favorable terms; and the Company's
ability to integrate acquisitions and successfully effect the cost savings,
operating efficiencies and revenue enhancements that are believed available
and otherwise to successfully effect its other growth strategies. Additional
information about issues that could lead to material changes in performance
is contained in D.R. Horton's annual report on Form 10-K and most recent
quarterly reports on Form 10-Q, which are filed with the Securities and
Exchange Commission.
WEBSITE ADDRESS: http://www.DRHORTON.com
SOURCE D.R. Horton, Inc.
|
|
