-----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, DA4mSbg2xsDJj9OtvR4jzR9E5QyUvr4o8GzhiiRefbg0ptc94Qf08iPQVuaQuKeZ ETpFZUA30+MXaARY1c+0vA== 0000882184-03-000027.txt : 20031009 0000882184-03-000027.hdr.sgml : 20031009 20031009152416 ACCESSION NUMBER: 0000882184-03-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031007 ITEM INFORMATION: FILED AS OF DATE: 20031009 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: 03934988 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 dhi8k3octsalespressrel.txt DHI 8K FOR PRESS RELEASE 10 07 03 AND ITEM 12 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 October 7, 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 (Commission File Number) (IRS Employer Jurisdiction of Identification No.) Incorporation) 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 October 7, 2003 related to the Company's Net Sales Orders for the fourth quarter and fiscal year ended September 30, 2003. Item 12. Results of Operations and Financial Condition. On October 7, 2003, D.R. Horton, Inc. issued a press release announcing its Net Sales Orders for the fourth quarter ended September 30, 2003 and for the fiscal year ended September 30, 2003. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference in its entirety into this Item 12. The information furnished in this 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. 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: October 9, 2003 D. R. Horton, Inc. By: /s/ Bill W. Wheat --------------------- Bill W. Wheat Executive Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit Number Exhibit - ------- ------- 99.1 Press Release dated October 7, 2003, filed with this report. EX-99 2 dhi8k3octpresrel.txt EXHIBIT 99.1 TO 8K PRESS RELEASE OF 10 07 03 Stacey Dwyer, EVP 1901 Ascension Blvd., Suite 100, Arlington, TX 76006 817-856-8200 October 7, 2003 D.R. HORTON, INC. REPORTS FOURTH QUARTER NET SALES ORDERS INCREASED 21% TO $2.4 BILLION ARLINGTON, TEXAS - D. R. Horton, Inc. (NYSE:DHI) Tuesday (October 7, 2003) reported that net sales orders for the fourth quarter ended September 30, 2003 increased 21% to $2,406.0 million (10,114 homes), compared to $1,996.4 million (8,665 homes) for the same quarter of fiscal year 2002. Net sales orders for fiscal year 2003 increased 33% to $9,162.3 million (38,725 homes), compared to $6,885.9 million (31,491homes) for fiscal year 2002. Donald R. Horton, Chairman of the Board, said, "We are extremely pleased with the Company's double-digit sales increase. The excellent sales results in our fourth quarter, combined with our strong backlog, position the Company for a strong start to another record year in 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, Cambridge, Continental, Dietz-Crane, Emerald, Melody, Milburn, Schuler, 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 that relate to the Company's backlog and assurance of another record year in fiscal 2004 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 and the Company's ability to integrate its acquisitions, 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 most recent quarterly reports on Form 10-Q, which are filed with the SEC. WEBSITE ADDRESS: www.DRHORTON.com
D. R. HORTON, INC. ($'s in millions) NET SALES ORDERS Three months ended September 30, -------------------------------- 2002 2003 ---------------------- ----------------------- Units $ Units $ ---------------------- ----------------------- Mid-Atlantic 910 $ 188.1 928 $ 203.7 Midwest 515 123.4 613 168.0 Southeast 1,038 178.4 1,214 240.3 Southwest 3,206 547.8 4,138 690.1 West 2,996 958.7 3,221 1,103.9 ----- ------- ------ -------- 8,665 $1,996.4 10,114 $ 2,406.0 ===== ======== ====== =========
Year ended September 30, ------------------------- 2002 2003 ---------------------- ----------------------- Units $ Units $ ---------------------- ----------------------- Mid-Atlantic 3,381 $ 700.2 3,594 $ 780.8 Midwest 1,909 464.4 2,067 553.6 Southeast 3,718 617.0 4,528 863.3 Southwest 12,743 2,131.5 15,699 2,614.7 West 9,740 2,972.8 12,837 4,349.9 ----- ------- ------ ------- 31,491 $ 6,885.9 38,725 $ 9,162.3 ====== ========= ====== =========
WEBSITE ADDRESS: www.DRHORTON.com ---------------- -----END PRIVACY-ENHANCED MESSAGE-----