Based on current market conditions and the company’s results for the first half of the year, D.R. Horton is providing fiscal 2023 guidance as follows: Consolidated revenues in a range from $31.5 billion to $33.0 billion; Homes closed between 77,000 and 80,000 homes; Rental homes/units closed between 4,000 and 5,000 homes/units; Income tax rate of approximately 24%; Cash provided by both consolidated and homebuilding operations greater than fiscal 2022; Share repurchases at a similar dollar amount as fiscal 2022.
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Published first on TheFly
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