Bill Wheat

“our current returns are lower than where we expect them to be longer term. Um you know we have uh our margins while in the longer term historic range uh we believe our longer-term uh stabilized margin should be a bit higher than this. Our operating margin including our SGNA leverage should be better than this over time...”

— From $DHI D.R. Horton Q3 2026 Earnings Conference Call, EARNMOAR (July 21, 2026)

“We're certainly trying to have our land acquisition efforts in line with what we see as market demand right now. And there are some markets that we've been able to rework some of our uh lot position, lot portfolio, working with our developers. Been very pleased with their partnership and and working through some change...”

— From $DHI D.R. Horton Q3 2026 Earnings Conference Call, EARNMOAR (July 21, 2026)

“our capital allocation strategy is disciplined and balanced to support an operating platform that produces attractive returns and substantial operating cash flows. We have a strong balance sheet with low leverage and healthy liquidity, which provides us with significant financial flexibility to adapt to changing market...”

— From D R Horton, Inc DHI Q1 2026 Earnings Call, Fyfull (January 20, 2026)

“our consolidated leverage at December 31st was 18.8% and we plan to maintain our leverage around 20% over the long term.”

— From D R Horton, Inc DHI Q1 2026 Earnings Call, Fyfull (January 20, 2026)

“Our capital allocation strategy is disciplined and balanced to support an operating platform that produces attractive returns and substantial operating cash flows. We have a strong balance sheet with low leverage and healthy liquidity, which provides us with significant financial flexibility to adapt to changing market...”

— From D R Horton, Inc DHI Q1 2026 Earnings Call, Fyfull (January 20, 2026)

“We continue to forecast an income tax rate for fiscal 2026 of approximately 24.5%, operating cash flow of at least $3 billion, common stock repurchases of approximately $2.5 billion, and dividend payments of around $500 million.”

— From D R Horton, Inc DHI Q1 2026 Earnings Call, Fyfull (January 20, 2026)

“sure you know as we said in our scripted remarks we've essentially distributed all of our cash flow from operations over the last 12 months to shareholders through repurchases and dividends and so that would continue to be our general expectation is the substantial majority of our cash flow will go to repurchases and d...”

— From $DHI D R Horton Q1 2025 Earnings Conference Call, EARNMOAR (January 21, 2025)

“sure you're correct on the consolidated leverage target at or below 20% net it's probably closer to approximately a 10% cash is going to vary though quarter to quarter we typically have our heaviest cash balance or our highest cash balance at the end of the fiscal year call it roughly $3 billion and then the other quar...”

— From $DHI D R Horton Q1 2025 Earnings Conference Call, EARNMOAR (January 21, 2025)

“sure you know as we said in our scripted uh remarks uh We've essentially uh distributed all of our cash flow from operations over the last 12 months to shareholders through repurchases and dividends and so uh that would continue to be our general expectation is the substantial majority of our uh cash flow will go to re...”

— From $DHI D R Horton Q1 2025 Earnings Conference Call, EARNMOAR (January 21, 2025)

“hey John uh really it's just a matter of incentive levels and what we're seeing in the market today uh you know we uh closed 53% of the or a pit 3% of homes we closed this quarter were sold in the quarter so we think representative of kind of where we are and looking throughout the quarter uh our uh margin on closings...”

— From $DHI D R Horton Q1 2025 Earnings Conference Call, EARNMOAR (January 21, 2025)

“we expect to generate more cash flow from operations in fiscal 2025 than fiscal 2024 and to utilize a substantial portion of our cash flows to enhance shareholder returns we currently plan to repurchase approximately $2.4 billion of our common stock this year in addition to making annual dividend payments of around $50...”

— From $DHI D.R. Horton Q4 2024 Earnings Conference Call, EARNMOAR (October 29, 2024)

“we've always said that we're going to do what we need to do to maximize returns and so for periods of time we could see gross margin compression but over the long term I do think on average we believe there's reasons that the long-term average gross margin could be structurally higher because of the scale advantages in...”

— From $DHI D.R. Horton Q4 2024 Earnings Conference Call, EARNMOAR (October 29, 2024)