Every material Form 8-K D. R. Horton filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
D.R. Horton entered Amendment No. 12 to its credit agreement, effective December 18, 2024, with Mizuho Bank as successor administrative agent and other lenders. The amendment extends the revolving credit facility termination date for Series A commitments to December 18, 2029, modifies pricing, and increases the aggregate revolving credit commitment to $2.23 billion.
Aggregate revolving credit commitment increased to $2.23 billion
Series A revolving credit termination date extended to December 18, 2029
Pricing for Series A revolving commitments modified; specific terms are in Exhibit 10.1
Amendment effective December 18, 2024; 8-K dated December 23, 2024
On October 28, 2024, D.R. Horton and its subsidiary Forestar Group entered into an amended and restated stockholder's agreement that raises the Forestar capital expenditure approval thresholds from $20 million to $45 million. The thresholds will adjust annually based on the Case-Shiller home price index, and the charter changes need Forestar stockholder approval at its 2025 annual meeting. D.R. Horton owned about 62% of Forestar's common stock as of October 28, 2024.
Approval thresholds for Forestar capital expenditures rise from $20 million to $45 million.
Thresholds adjust each year using the S&P CoreLogic Case-Shiller U.S. National Home Price index, with no reduction if the index change is negative.
Matching charter amendment goes to Forestar stockholders at its 2025 Annual Meeting; current charter terms apply until then.
D.R. Horton owned approximately 62% of Forestar's outstanding common stock as of October 28, 2024.
D.R. Horton reported fourth-quarter fiscal 2024 diluted earnings of $3.92 per share, down from $4.45 a year earlier, on revenue of $10.0 billion, down 5% from $10.5 billion. For the full fiscal year, diluted EPS rose 4% to $14.34 on revenue of $36.8 billion, up 4%, and the company raised its quarterly dividend 33% to $0.40 per share and gave initial fiscal 2025 revenue guidance of $36.0 billion to $37.5 billion.
Q4 net income was $1.3 billion versus $1.5 billion a year earlier; Q4 revenue was $10.0 billion versus $10.5 billion.
Q4 net sales orders rose 1% to 19,035 homes; the cancellation rate was 21%, unchanged from the prior year quarter.
The quarterly dividend was increased to $0.40 per share, payable November 19, 2024 to holders of record on November 12, 2024.
Fiscal 2025 guidance includes 90,000 to 92,000 homes closed and share repurchases of approximately $2.4 billion.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every D. R. Horton filing is on SEC EDGAR ↗. 8-K briefs of other companies →