D.R. Horton (DHI) Proxy Filing summary
Event summary combining transcript, slides, and related documents.
Proxy Filing summary
1 Dec, 2025Executive summary
Fiscal 2024 saw strong performance: 93,660 homes closed, revenue of $36.8B, pre-tax income of $6.3B, and EPS up 4% to $14.34.
Shareholder returns ranked in the top 25% of S&P 500 over 3, 5, and 10 years; $2.2B cash from operations, with nearly all returned to shareholders via buybacks and dividends.
Board composition refreshed with three new independent directors in August 2024; succession plan executed following the founder's passing.
Commitment to affordable housing, strong balance sheet, and disciplined capital allocation highlighted.
Voting matters and shareholder proposals
Election of nine director nominees for one-year terms.
Advisory vote on executive compensation (say-on-pay).
Ratification of Ernst & Young LLP as independent auditor for fiscal 2025.
Procedures for shareholder proposals and director nominations for the 2026 meeting outlined.
Board of directors and corporate governance
Seven of nine director nominees are independent; three are women, one is ethnically diverse.
Board leadership separated between Executive Chairman and CEO; Presiding Director leads independent sessions.
Annual board and committee performance reviews; active CEO and executive succession planning.
Proxy access and majority vote standard in place; no poison pill.
Latest events from D.R. Horton
- Q3 FY24 net income up 1% to $1.4B; $4B buyback approved; strong guidance continues.DHI
Q3 20243 Feb 2026 - Earnings fell but sales orders, cash flow, and shareholder returns remain robust.DHI
Q1 202622 Jan 2026 - 2024 revenue and EPS rose, dividend increased 33%, but Q4 profit and cash flow declined.DHI
Q4 202418 Jan 2026 - Q1 FY2025 net income fell 11%, but liquidity and shareholder returns remained strong.DHI
Q1 202510 Jan 2026 - Cautious outlook, steady demand, and record share repurchases amid margin and affordability focus.DHI
Barclays 42nd Annual Industrial Select Conference8 Jan 2026 - Q2 FY2025 net income dropped 31% as sales softened, but liquidity and buybacks remain strong.DHI
Q2 202519 Dec 2025 - Record financial results, strong governance, and enhanced ESG drive 2026 proxy agenda.DHI
Proxy Filing10 Dec 2025 - Q3 2025 net income dropped 24% as revenues and margins declined, but capital returns stayed strong.DHI
Q3 20254 Nov 2025 - FY25 net income was $3.6B on $34.3B revenue, with strong returns but lower YoY results.DHI
Q4 202528 Oct 2025