Sees Q1 homes closed 18,500-19,000. Sees Q1 gross margin 23.7%-24.2%. Sees Q1 tax rate 24%-24.5%. Sees FY24 tax rate 24%-24.5%. Sees $3B generated in cash flow from home building operations in FY24. Says expects challenging market conditions to persist in Q1. Comments and guidance taken from Q4 earnings conference call.
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Read More on DHI:
- D.R. Horton sees FY24 revenue about $36B-$37B, consensus $36.14B
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- D.R. Horton raises quarterly dividend to 30c per share
- D.R. Horton reports Q4 EPS $4.45, consensus $3.93
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