-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LO+d3BYARoOHQNV0EKPWTUPQROQa09bQoT34DUzGbWJ2WR/1RMrA4Nb4//NgJNEh TWeuQiOb12jbm8242RBBfg== 0000882184-03-000011.txt : 20030709 0000882184-03-000011.hdr.sgml : 20030709 20030708173645 ACCESSION NUMBER: 0000882184-03-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030630 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HORTON D R INC /DE/ CENTRAL INDEX KEY: 0000882184 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 752386963 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14122 FILM NUMBER: 03778959 BUSINESS ADDRESS: STREET 1: 1901 ASCENSION BLVD STREET 2: STE 100 CITY: ARLINGTON STATE: TX ZIP: 76006 BUSINESS PHONE: 8178568200 MAIL ADDRESS: STREET 1: 1901 ASCENSION BLVD STREET 2: SUITE 100 CITY: ARLINGTON STATE: TX ZIP: 76006 8-K 1 form8k.txt FORM 8K FILED 7/8/03, ITEMS 7, 9 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 July 8, 2003 (Date of Report--Date of Earliest Event Reported) D.R. Horton, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 1-14122 75-2386963 - ---------------------------- ------------------------ ------------------------ (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 1901 Ascension Boulevard, Suite 100, Arlington, Texas 76006 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (817) 856-8200 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 7. Financial Statements and Exhibits. (c) Exhibits: 99.1 Press Release dated July 8, 2003 related to the Company's Net Sales Orders for the quarter and nine month periods ended June 30, 2003. Item 9. Regulation FD Disclosure. On July 8, 2003, D.R. Horton, Inc. issued a press release announcing its Net Sales Orders for the quarterly period ended June 30, 2003 and for the nine month period ended June 30, 2003. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference in its entirety by reference into this Item 9. The information furnished in this Item 9 (which is being furnished under Item 12) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Item 12. Results of Operations and Financial Condition. Pursuant to interim guidance issued by the Securities and Exchange Commission in Release 33-8216, effective March 28, 2003, relating to Item 12 filing requirements, the Company has provided the information required by Item 12 under Item 9 herein. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 8, 2003 D. R. Horton, Inc. By: /s/ Samuel R. Fuller ------------------------ Samuel R. Fuller Executive Vice President, Treasurer, and Chief Financial Officer EXHIBIT INDEX Exhibit Number Exhibit - ------- ------- 99.1 Press Release dated July 8, 2003, filed with this report. EX-99 3 pressrelease7803.txt PRESS RELEASE DATED JULY 8, 2003 Sam Fuller, CFO; Stacey Dwyer, EVP 1901 Ascension Blvd., Suite 100, Arlington, TX 76006 817-856-8200 July 8, 2003 D.R. HORTON, INC. REPORTS SALES OF $2.6 BILLION, A 29% INCREASE FOR THE THIRD QUARTER, AND THE HIGHEST QUARTERLY SALES IN COMPANY HISTORY ARLINGTON, TEXAS - D.R. Horton, Inc. (NYSE:DHI) Tuesday (July 8, 2003), reported the highest quarterly net sales orders in Company history. Net sales orders for the third quarter ended June 30, 2003 increased 29% to $2.6 billion (10,811 homes), compared to $2.0 billion (9,065 homes) for the same quarter of fiscal 2002. Net sales orders for the first nine months of fiscal 2003 increased 38% to $6.8 billion (28,611 homes), compared to $4.9 billion (22,826 homes) for the same period of fiscal 2002. Donald R. Horton, Chairman of the Board, said, "We are very proud that our people continue to deliver record-setting sales performances. Our continued sales momentum and record backlog confirm that fiscal 2003 will be our 26th consecutive year of record revenues and profitability, and position us for a strong fiscal 2004." Founded in 1978, D.R. Horton, Inc. is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. D.R. Horton currently builds and sells homes under the D.R. Horton, Arappco, Cambridge, Continental, Dietz-Crane, Dobson, Emerald, Melody, Milburn, Schuler, SGS Communities, Stafford, Torrey, Trimark, and Western Pacific names in 20 states and 44 markets, with a geographic presence in the Midwest, Mid-Atlantic, Southeast, Southwest and Western regions of the United States. The Company 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. 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; governmental regulations and environmental matters; the Company's substantial leverage; competitive conditions within the industry; the availability of capital to the Company on favorable terms; the Company's ability to integrate its 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 the most recent Form 10-Q, both of which were filed with the Securities and Exchange Commission. WEBSITE ADDRESS: www.DRHORTON.com
D. R. HORTON, INC. ($'s in millions) NET SALES ORDERS Three months ended June 30, --------------------------------------------------- 2002 2003 ----------------------- ----------------------- Units $'s Units $'s ------ ---------- ------ ---------- Mid-Atlantic ........... 960 $ 201.3 952 $ 216.1 Midwest ................ 543 126.8 503 138.0 Southeast .............. 976 161.9 1,213 237.7 Southwest .............. 3,520 590.5 4,317 715.5 West ................... 3,066 954.1 3,826 1,311.1 ------ -------- ------ -------- 9,065 $ 2,034.6 10,811 $ 2,618.4 ====== ======== ====== ========
Nine months ended June 30, --------------------------------------------------- 2002 2003 ----------------------- ----------------------- Units $'s Units $'s ------ ---------- ------ ---------- Mid-Atlantic ........... 2,471 $ 512.0 2,666 $ 577.1 Midwest ................ 1,394 341.1 1,454 385.6 Southeast .............. 2,680 438.6 3,314 623.0 Southwest .............. 9,537 1,583.7 11,561 1,924.6 West ................... 6,744 2,014.1 9,616 3,246.0 ------ -------- ------ -------- 22,826 $ 4,889.5 28,611 $ 6,756.3 ====== ======== ====== ========
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