Fort Worth, Texas-based home builder DR Horton said strong sales and a spike in orders in the first three months of the year resulted in earnings of $11.4m and its second consecutive profitable quarter. “It’s all about sales,” Donald Tomnitz, Horton’s president and CEO, told Wall Street analysts in a conference call Friday. “We are outselling and outperforming the industry. Our financial performance represented progress in this challenging” market. The company reported that in its fiscal second quarter, which ended March 31, it earned $11.4m, or $0.04 a share.
DR Horton posts $11.4m profit in Q2
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products