Exhibit 99.1


D.R. HORTON, INC., AMERICA’S BUILDER, REPORTS FOURTH QUARTER AND FISCAL 2020 EARNINGS AND INCREASES QUARTERLY DIVIDEND TO $0.20 PER SHARE

ARLINGTON, Texas (Business Wire) - November 10, 2020
Fiscal 2020 Fourth Quarter Highlights - comparisons to the prior year quarter
Net income attributable to D.R. Horton increased 64% to $829.0 million or $2.24 per diluted share
Consolidated revenues increased 27% to $6.4 billion
Consolidated pre-tax income increased 60% to $1.1 billion, with a pre-tax profit margin of 16.5%
Homes closed increased 26% to 20,248 homes and 28% in value to $6.1 billion
Net sales orders increased 81% to 23,726 homes and 84% in value to $7.3 billion

Fiscal 2020 Highlights - comparisons to the prior year
Net income attributable to D.R. Horton increased 47% to $2.4 billion or $6.41 per diluted share
Consolidated revenues increased 15% to $20.3 billion
Consolidated pre-tax income increased 40% to $3.0 billion, with a pre-tax profit margin of 14.7%
Homes closed increased 15% to 65,388 homes and 16% in value to $19.6 billion
Net sales orders increased 39% to 78,458 homes and 40% in value to $23.6 billion
Return on equity was 22.1% and homebuilding return on inventory was 24.6%
Book value per common share increased 20% to $32.53
Cash provided by homebuilding operations totaled $1.9 billion

D.R. Horton, Inc. (NYSE:DHI), America’s Builder, today reported that net income per common share attributable to D.R. Horton for its fourth fiscal quarter ended September 30, 2020 increased 66% to $2.24 per diluted share compared to $1.35 per diluted share in the same quarter of fiscal 2019. Net income attributable to D.R. Horton in the fourth quarter of fiscal 2020 increased 64% to $829.0 million compared to $505.3 million in the same quarter of fiscal 2019. The current quarter results include an income tax benefit of $15.8 million related to federal energy efficient homes tax credits that were retroactively reinstated earlier in the year. Homebuilding revenue for the fourth quarter of fiscal 2020 increased 27% to $6.2 billion from $4.8 billion in the same quarter of fiscal 2019. Homes closed in the quarter increased 26% to 20,248 homes compared to 16,024 homes closed in the same quarter of fiscal 2019.


For the fiscal year ended September 30, 2020, net income per common share attributable to D.R. Horton increased 49% to $6.41 per diluted share compared to $4.29 per diluted share in fiscal 2019. Net income attributable to D.R. Horton in fiscal 2020 increased 47% to $2.4 billion compared to $1.6 billion in fiscal 2019. The current year results include an income tax benefit of $93.4 million related to federal energy efficient homes tax credits that were retroactively reinstated during the year. Homebuilding revenue for the fiscal year ended September 30, 2020 increased 15% to $19.6 billion from $17.0 billion in fiscal 2019. Homes closed in fiscal 2020 increased 15% to 65,388 homes compared to 56,975 homes closed in fiscal 2019.




The following information was filed by Horton D R Inc (DHI) on Tuesday, November 10, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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