D.R. Horton Sees FY20 Sales $18.5B-$19.0B vs $18.58B Est.

Guidance D.R. Horton updates its previously issued fiscal 2020 guidance and provides additional guidance for fiscal 2020 including: Consolidated revenues of $18.5 billion to $19.0

Benzinga · 11/12/2019 11:34

Guidance

D.R. Horton updates its previously issued fiscal 2020 guidance and provides additional guidance for fiscal 2020 including:

  • Consolidated revenues of $18.5 billion to $19.0 billion
  • Homes closed between 60,000 homes and 61,000 homes
  • Income tax rate of approximately 25%
  • Cash flow from homebuilding operations in excess of $1.0 billion
  • Outstanding share count at end of fiscal 2020 down by approximately 2% compared to end of fiscal 2019