Dive summary:
- Builder D.R. Horton put the weight of its first-quarter performance behind arguments that there is a solid housing recovery, showing a return of $.20 per share from net income of $66.3 million.
- The year-ago numbers were $.09 per share on $27.7 million.
- Orders in the quarter were 39% above the previous Q1, and the value of those orders was up 60%, the company reported.
From the article:
"This quarter was our most profitable first quarter since 2007, with $107.9 million of pre-tax income, a 270% increase from the year-ago quarter," said Donald Horton, chairman of the board. ...