D.R. Horton Second Quarter 2012 Numbers | ||
Quarter Two | Fiscal Year | |
Profit/(Loss) | $787.8M +2,644.9% | $856.2M +2,278.3 |
Home Deliveries | 4,957 +8.8% | 13,315 +13.7% |
New Orders | 6,079 +24.7% | 15,772 +19.7% |
Behind the Numbers:
Thanks to a tax benefit of $716.7 million, D.R. Horton posted a massive increase in income. However, even without the benefit, the company still turned a tidy income of $72.2 million, a 150% jump over last year in the same quarter. All the company’s regions were profitable in the quarter, increasing net sales even as the number of communities opened was down by 5%. That should change soon as the company brings online a raft of new lots it has optioned, 41% more lots than last year in the same quarter.
D.R. Horton’s fiscal year ends September 30.
