D.R. Horton Q2 EPS falls 27% to $2.58; revenue down 15%, FY2025 guidance updated
D.R. Horton reported fiscal second-quarter 2025 results for the period ended March 31, 2025, with diluted earnings per share of $2.58, down 27% from $3.52 a year earlier, and consolidated revenues of $7.7 billion, down 15%. The company updated its fiscal 2025 guidance and declared a $0.40 quarterly dividend, and management said the spring selling season started slower than expected. Shareholders are affected by lower profit and sales, while the company reduced its outstanding share count by 7% from a year earlier and authorized a new $5.0 billion repurchase program in April 2025.
Key points
- Net income attributable to D.R. Horton was $810.4 million, or $2.58 per diluted share, versus $1.2 billion, or $3.52 per diluted share, in the same quarter of fiscal 2024.
- Net sales orders fell 15% to 22,437 homes, and homes closed fell 15% to 19,276 homes.
- Updated fiscal 2025 guidance includes consolidated revenues of $33.3 billion to $34.8 billion and share repurchases of approximately $4.0 billion.
- The Board authorized up to $5.0 billion of share repurchases in April 2025, and the quarterly dividend of $0.40 per share is payable May 9, 2025.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.