-----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, HVqOzT8MwNs0qQUaHrpOaKvZF05iQyJ9DIKlhE2ovLBnvMBR4oHlcwra5mKWyKqx LK9C5Ppiua/kqz/PPHFbBA== 0001362310-07-000444.txt : 20070410 0001362310-07-000444.hdr.sgml : 20070410 20070410170051 ACCESSION NUMBER: 0001362310-07-000444 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070410 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070410 DATE AS OF CHANGE: 20070410 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: 07759377 BUSINESS ADDRESS: STREET 1: D.R. HORTON TOWER STREET 2: 301 COMMERCE STREET, SUITE 500 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173908200 MAIL ADDRESS: STREET 1: D.R. HORTON TOWER STREET 2: 301 COMMERCE STREET, SUITE 500 CITY: FORT WORTH STATE: TX ZIP: 76102 8-K 1 c70354e8vk.htm FORM 8-K e8vk
 

 
 

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

Date of Report (Date of earliest event reported): April 10, 2007

D.R. Horton, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware   1-14122   75-2386963
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
301 Commerce Street, Suite 500, Fort Worth, Texas
  76102
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (817) 390-8200
 
Not Applicable
(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

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Item 2.02. Results of Operations and Financial Condition.

On April 10, 2007, D.R. Horton, Inc. issued a press release announcing its net sales orders for the second quarter ended March 31, 2007. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference in its entirety into this Item 2.02.

The information furnished in this Item 2.02 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 Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibit:

  99.1   Press Release dated April 10, 2007 related to the Company’s Net Sales Orders for the second quarter ended March 31, 2007.

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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.

D. R. Horton, Inc.

Date: April 10, 2007

By: /s/ Bill W. Wheat                     
Bill W. Wheat
Executive Vice President and
Chief Financial Officer

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EXHIBIT INDEX

     
Exhibit    
Number   Description
99.1
  Press Release dated April 10, 2007

 

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EX-99.1 2 c70354exv99w1.htm EXHIBIT 99.1 exv99w1
 

Exhibit 99.1
                    Stacey Dwyer, EVP
301 Commerce Street, Ste. 500, Fort Worth, Texas 76102
817-390-8200
April 10, 2007
D.R. HORTON, INC., AMERICA’S BUILDER, REPORTS NET SALES ORDERS FOR THE SECOND QUARTER OF FISCAL 2007
FORT WORTH, TEXAS - D.R. Horton, Inc. (NYSE:DHI), America’s Builder, the largest homebuilder in the United States, Tuesday (April 10, 2007), reported net sales orders for the second quarter ended March 31, 2007 of 9,983 homes ($2.6 billion), compared to 15,771 homes ($4.4 billion) for the same quarter of fiscal 2006. Net sales orders for the first six months of fiscal 2007 were 18,754 homes ($4.9 billion), compared to 27,234 homes ($7.5 billion) for the same period of fiscal 2006. The Company’s cancellation rate (sales orders cancelled divided by gross sales orders) for the second quarter of fiscal 2007 was 32%.
Donald R. Horton, Chairman of the Board, said, “Market conditions for new home sales continue to be challenging in most of our markets as inventory levels of both new and existing homes remain high. Our cancellation rate is essentially unchanged from the prior quarter, but it remains above our historical range as we continue to see an increase in the use of sales incentives in many of our markets. We continue to sell more homes than any other builder, even though the spring selling season has not gotten off to its usual strong start.”
D.R. Horton, Inc., America’s Builder, is the largest homebuilder in the United States, delivering more than 53,000 homes in its fiscal year ended September 30, 2006. Founded in 1978 in Fort Worth, Texas, D.R. Horton has expanded its presence to include 85 markets in 27 states in the Northeast, Southeast, South Central, Southwest, California and West regions of the United States. The Company is engaged in the construction and sale of high quality homes with sales prices ranging from $90,000 to over $900,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.
WEBSITE ADDRESS: www.drhorton.com

 

 


 

D.R. HORTON, INC.
($in millions)
NET SALES ORDERS
                                 
    Three months ended March 31,  
    2006     2007  
    Homes     Value     Homes     Value  
Northeast
    1,990     $ 510.8       1,564     $ 409.2  
Southeast
    2,040       523.5       1,429       315.7  
South Central
    4,151       704.0       2,734       490.2  
Southwest
    3,537       918.0       2,171       499.8  
California
    2,697       1,236.1       1,107       533.5  
West
    1,356       470.8       978       350.9  
 
                       
 
    15,771     $ 4,363.2       9,983     $ 2,599.3  
 
                       
                                 
    Six months ended March 31,  
    2006     2007  
    Homes     Value     Homes     Value  
Northeast
    3,684     $ 967.7       2,719     $ 722.3  
Southeast
    3,835       992.0       2,801       637.3  
South Central
    6,888       1,176.6       4,657       838.7  
Southwest
    6,250       1,654.6       4,470       985.8  
California
    4,329       1,949.0       2,443       1,106.2  
West
    2,248       790.1       1,664       601.9  
 
                       
 
    27,234     $ 7,530.0       18,754     $ 4,892.2  
 
                       

 

 

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