D.R. Horton, Inc. (NYSE:DHI)
About D.R. Horton, Inc. (NYSE:DHI) D.R. Horton, Inc. (D.R. Horton) is a homebuilding company in the United States. The Company constructs and sells homes through its operating divisions in 26 states and 72 metropolitan markets of the United States, primarily under the name of D.R. Horton, America’s Builder. The Company’s homes range in size from 1000 to 4000 square feet. During the fiscal year ended September 30, 2010 (fiscal 2010), D.R.Horton closed 20,875homes.
Financials According to results shown in chart, it appears that revenue has decreased to $788.20million in quarter ended as on December 31, 2010. The Largest revenue was in the second quarter of the year which stands at $1.40 billion and greater by 53.92 percent as compared to revenue of first quarter of the year. D.R. Horton demonstrated mix results throughout year. It started with lower revenue and increased in second quarter but again it has decrease in the third quarter. The revenue in the second and third quarters was $1.40 billion and $948.40million respectively.
The D.R.Horton engendered net loss of $20.40million in current quarter which is significantly less than last quarter’s closing loss of $8.90 million. Moreover, net income is negative which produced useless EPSfor the current quarter. The company’s cash flow from operations (CFO) has increased up to $49.50 million from last quarter’s ending as on December 31, 2010. This shows that the company is producing more cash than its expenses through its core businessunits which is a good sign for the investors. Total assets of company mount up to $5.72 billion as of December 31, 2010 and it has also managed to maintain the current ratio. The company’s total equity is gradually decreasing which depicts that company is going to have more liquidity problems and fewer funds would be available to invest in future profitable opportunities.
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