HORTON D R INC /DE/ SEC 10-Q Report
D.R. Horton, Inc. has released its Q3 Form 10-Q report, revealing a 10% decrease in revenues to $6.89 billion and a 30% drop in net income to $601.4 million. The report highlights operational adjustments amid cautious consumer sentiment, with a gross profit margin from home sales declining to 20.4%. The company closed 17,818 homes, a 7% decrease from last year, while maintaining a sales order backlog of 11,376 homes valued at $4.3 billion. Future strategies include managing sales incentives and inventory levels to optimize returns.
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