Every material Form 8-K D. R. Horton filed with the SEC in 2025, 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 reported fourth-quarter and fiscal 2025 results, with net income attributable to the company down 29% to $905.3 million in the quarter and down 25% to $3.6 billion for the year. The company also declared a quarterly dividend of $0.45 per share, up 13%, and issued initial fiscal 2026 guidance for revenue of $33.5 billion to $35.0 billion.
Fourth quarter net income of $905.3 million, or $3.04 per diluted share, down 22% on a per-share basis; consolidated revenues of $9.7 billion
Fiscal 2025 net income of $3.6 billion, or $11.57 per diluted share, down 19% on a per-share basis; repurchased 30.7 million shares for $4.3 billion
Quarterly dividend raised 13% to $0.45 per share, payable November 20, 2025, to holders of record on November 13, 2025
Fiscal 2026 guidance includes consolidated revenues of $33.5 billion to $35.0 billion and 86,000 to 88,000 homes closed by homebuilding operations
D.R. Horton reported fiscal third-quarter results for the period ended June 30, 2025, with diluted earnings per share of $3.36, down 18% from $4.10, and revenues of $9.2 billion, down 7%. The company updated its fiscal 2025 guidance, giving consolidated revenue of $33.7 billion to $34.2 billion and 85,000 to 85,500 homes closed, and declared a $0.40 quarterly dividend. The filing does not state the prior guidance, so it does not show whether the update was higher or lower.
Net income attributable to D.R. Horton fell 24% to $1.0 billion; diluted EPS was $3.36 versus $4.10 a year earlier.
Homes closed fell 4% to 23,160, and homebuilding pre-tax margin was 13.8% versus 17.0% a year earlier.
Updated fiscal 2025 guidance: revenues of $33.7 billion to $34.2 billion, 85,000 to 85,500 homes closed, and share repurchases of $4.2 billion to $4.4 billion.
Quarterly dividend of $0.40 per share is payable August 14, 2025, to holders of record on August 7, 2025.
A wholly-owned subsidiary of D.R. Horton, DHI Mortgage Company, entered into a fourth amendment to its master repurchase agreement with U.S. Bank National Association and other buyers, effective May 8, 2025. The facility provides financing and liquidity to the mortgage unit by letting it sell eligible loans to buyers, with a maximum commitment of $1.4 billion that can rise to $2.0 billion through an accordion feature. The filing says amounts outstanding are not guaranteed by D.R. Horton or the subsidiaries that guarantee its homebuilding, rental or Forestar debt.
Maximum aggregate commitment is $1.4 billion, with an accordion feature up to $2.0 billion
Facility term runs through the earlier of May 6, 2026 or an earlier termination date
Amounts outstanding are not guaranteed by D.R. Horton or its debt-guaranteeing subsidiaries
Amendment dated May 8, 2025 is filed as Exhibit 10.1
D.R. Horton, Inc. completed a public offering of $500 million in 4.850% senior notes maturing October 15, 2030, on May 5, 2025. The company received net proceeds of $496.7 million after the underwriting discount, and the notes are guaranteed by substantially all of its current homebuilding subsidiaries.
Principal amount of $500 million; net proceeds of $496.7 million after the underwriting discount
Interest at 4.850% per year, paid semi-annually on April 15 and October 15, beginning October 15, 2025
Maturity date of October 15, 2030, with optional redemption before September 15, 2030 at a make-whole price
Notes issued under an indenture with Truist Bank as trustee, with a change-of-control offer at 101% of principal if a change in control and a ratings downgrade both occur
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.
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.
On February 26, 2025, D.R. Horton completed a public offering of $700 million in 5.500% senior notes maturing October 15, 2035, receiving net proceeds of $695.2 million after the underwriting discount. The notes are guaranteed by substantially all of the company's current homebuilding subsidiaries and rank as general unsecured obligations. The filing adds $700 million of debt, which shareholders may weigh against the company's existing borrowings.
Principal amount: $700 million of 5.500% senior notes due October 15, 2035
Net proceeds after underwriting discount: $695.2 million
Interest payable semi-annually on April 15 and October 15, beginning October 15, 2025
Change of control plus ratings downgrade triggers an offer to repurchase at 101% of principal
D.R. Horton reported first-quarter fiscal 2025 results for the period ended December 31, 2024. Net income attributable to the company fell 11% to $844.9 million, and diluted earnings per share fell 7% to $2.61, while consolidated revenues declined 1% to $7.6 billion. The company reiterated its fiscal 2025 revenue guidance, updated its share repurchase guidance to $2.6 billion to $2.8 billion, and declared a quarterly dividend of $0.40 per share.
Diluted EPS of $2.61 versus $2.82 a year earlier; net income attributable to D.R. Horton of $844.9 million versus $947.4 million
Consolidated revenues of $7.6 billion versus $7.7 billion; homes closed fell 1% to 19,059 from 19,340
Homebuilding pre-tax profit margin of 14.1% versus 15.0% a year earlier; Forestar pre-tax income of $21.9 million versus $51.2 million
Fiscal 2025 revenue guidance of $36.0 billion to $37.5 billion reiterated; quarterly dividend of $0.40 per share payable February 14, 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.
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 →