FORT WORTH, Texas, July 7 /PRNewswire-FirstCall/ -- D.R. Horton, Inc.
(NYSE: DHI) Thursday (July 7, 2005), reported that net sales orders for the
third quarter ended June 30, 2005 increased 29% to $4.1 billion (14,980
homes), compared to $3.2 billion (12,444 homes) for the same quarter of fiscal
year 2004. Net sales orders for the first nine months of fiscal year 2005
increased 27% to $10.9 billion (39,282 homes), compared to $8.6 billion
(34,158 homes) for the same period of fiscal year 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO )
Donald R. Horton, Chairman of the Board, said, "We are extremely pleased
that all of our regions produced double-digit increases in both sales dollars
and units. Our continued sales momentum and record backlog ensure that fiscal
2005 will be our 28th consecutive year of record revenues and profitability,
and position the Company for a strong start to fiscal 2006."
D.R. Horton, Inc., America's Builder, is the largest homebuilder in the
United States, delivering more than 43,000 homes in its fiscal year ended
September 30, 2004. Founded in 1978 in Fort Worth, Texas, D.R. Horton has
expanded its presence to include 68 markets in 22 states in the Midwest, Mid-
Atlantic, Southeast, Southwest and Western regions of the United States. The
Company is engaged in the construction and sale of high quality homes with
sales prices ranging from $80,000 to over $900,000. D.R. Horton also provides
mortgage financing and title services for homebuyers through its mortgage and
title subsidiaries.
Portions of this document may constitute "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995. Although
D.R. Horton believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially different.
All forward-looking statements are based upon information available to D.R.
Horton on the date this release was issued. D.R. Horton does not undertake
any obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. The
forward-looking statement in this release relates to our strong sales and
record sales backlog positioning the Company for another record year in fiscal
year 2005 and a strong start to fiscal year 2006. Factors that may cause the
actual results to be materially different from the future results expressed by
the forward-looking statements include, but are not limited to: changes in
general economic, real estate and business conditions; changes in interest
rates and the availability of mortgage financing; warranty and product
liability claims; our substantial debt; governmental regulations and
environmental matters; competitive conditions within the industry; the
availability of capital to the Company on favorable terms; and the Company's
ability to integrate acquisitions and successfully effect the cost savings,
operating efficiencies and revenue enhancements that are believed available
and otherwise to successfully effect its other growth strategies. Additional
information about issues that could lead to material changes in performance is
contained in D.R. Horton's annual report on Form 10-K and most recent
quarterly reports on Form 10-Q, which are filed with the Securities and
Exchange Commission.
WEBSITE ADDRESS: http://www.DRHORTON.com
D.R. HORTON, INC.
($'s in millions)
NET SALES ORDERS
Three months ended June 30,
2004 2005
Units $'s Units $'s
Mid-Atlantic 1,147 $ 296.7 1,453 $ 381.6
Midwest 586 162.2 952 254.5
Southeast 1,739 394.1 2,346 577.3
Southwest 4,962 839.2 5,807 1,158.5
West 4,010 1,524.1 4,422 1,762.9
12,444 $3,216.3 14,980 $4,134.8
Nine months ended June 30,
2004 2005
Units $'s Units $'s
Mid-Atlantic 2,896 $ 740.6 3,753 $ 1,004.7
Midwest 1,617 462.5 2,258 603.8
Southeast 4,670 1,010.7 6,079 1,485.8
Southwest 13,677 2,300.2 15,383 3,007.1
West 11,298 4,069.8 11,809 4,787.8
34,158 $8,583.8 39,282 $10,889.2
SOURCE D.R. Horton, Inc.
07/07/2005
CONTACT: Stacey Dwyer, EVP of D.R. Horton, Inc., +1-817-390-8200
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, [email protected]
/Web site: http://www.drhorton.com
(DHI)
