D.R. Horton (DHI) Revenue — Quarter Ended Jun 30, 2024
Revenue for the current quarter increased compared to both the preceding quarter and the same quarter last year. The sequential growth was driven by higher home sales volume, while the year-over-year gain reflects modest improvement in market conditions.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue for the current quarter increased compared to both the preceding quarter and the same quarter last year. The sequential growth was driven by higher home sales volume, while the year-over-year gain reflects modest improvement in market conditions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10B
Revenue reported for this quarter.
Quarter-over-quarter
+9.4%
Change from the immediately preceding quarter.
Year-over-year
+2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $10.5B | +9.0% |
| Dec 31, 2023 | $7.7B | +6.5% |
| Mar 31, 2024 | $9.1B | +14.2% |
| Jun 30, 2024 | $10B | +2.5% |
Revenue performance
Revenue rose in the current quarter, continuing the upward trend from the prior quarter. The increase was supported by a higher number of homes closed during the period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew by a strong percentage. Relative to the same quarter one year earlier, revenue also increased, albeit at a more moderate pace.
What to watch
The filing includes discussion of risks related to interest rate changes and mortgage financing availability, which could impact future revenues.