A strong operating strategy is the foundation of D.R. Horton, one of the largest homebuilders in U.S., with a strategy for future success. This strategy focuses on leveraging its competitive position to increase the returns on inventory investments and generate strong profitability, while managing risk and maintaining financial flexibility to make opportunistic strategic investments.
To highlight one of the company’s strengths as a competitive land buyer, the homebuilder recently purchased 282 partially completed homesites in Arizona from Walton, a real estate investment and land asset company. D.R. Homes plans to continue building its Express Homes series in Tortosa South, with a choice of nine oor plans ranging from approximately 1,368 to 2,461 square feet in size, priced from the low $200,000s.
The Texas-based homebuilder has operations in 90 markets in 29 states across the United States and closed 56,975 homes during its scal year ending September 2019. The company is engaged in the construction and sale of high-quality homes through its diverse brand portfolio that includes D.R. Horton, Emerald Homes, Express Homes and Freedom Homes with sales prices ranging from $100,000s to more than $1 million D.R. Horton also provides mortgage financing, title services and insurance agency services for homebuyers through its mortgage, title and insurance subsidiaries.
With a solid volume of inventory, in regards to its annual reporting, Donald R. Horton, Chairman of the Board, said, “With 56,975 homes closed in scal 2019, D.R. Horton completed its 18th consecutive year as the largest homebuilder in the United States. Over the last ve years, we have grown our revenues by 119 percent and our earnings per share by 186 percent, while also generating $4 billion of cash ows from homebuilding operations, significantly increasing returns on inventory and equity and reducing our debt.”
Horton continued, “Our continued strategic focus is to grow our revenues and profits and consolidate market share, while generating strong annual operating cash ows and returns. Our balance sheet strength, liquidity and earnings growth provide us with signi cant nancial exibility, and we plan to maintain our disciplined, opportunistic approach to investing capital to enhance the long-term value of our company.
And with an optimistic outlook on the future the homebuilder is well poised to meet any market shifts that could arise, Horton stated, “With our experienced operational teams, industry-leading market share, broad geographic footprint and affordable product offerings across multiple brands, we are well-positioned for scal 2020 and future years.”