Earnings release
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D.R.HORTON America's Builder D.R. HORTON , INC . , AMERICA'S BUILDER , REPORTS FISCAL 2021 THIRD QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $ 0.20 PER SHARE ARLINGTON , Texas ( Business Wire ) - July 22 , 2021 Fiscal 2021 Third Quarter Highlights - comparisons to the prior year quarter Net income per diluted share increased 78 % to $ 3.06 Net income attributable to D.R. Horton increased 77 % to $ 1.1 billion Consolidated revenues increased 35 % to $ 7.3 billion Consolidated pre - tax income increased 81 % to $ 1.4 billion Consolidated pre - tax profit margin improved 490 basis points to 19.4 % Homes closed increased 35 % in value to $ 7.0 billion on 21,588 homes closed Net sales orders increased 2 % in value to $ 6.4 billion on 17,952 homes sold Repurchased 2.6 million shares of common stock for $ 241.2 million ● ● ● D.R. Horton , Inc. ( NYSE : DHI ) , America's Builder , today reported that net income per common share attributable to D.R. Horton for its third fiscal quarter ended June 30 , 2021 increased 78 % to $ 3.06 per diluted share compared to $ 1.72 per diluted share in the same quarter of fiscal 2020. Net income attributable to D.R. Horton in the third quarter of fiscal 2021 increased 77 % to $ 1.1 billion compared to $ 630.7 million in the same quarter of fiscal 2020. Homebuilding revenue for the third quarter of fiscal 2021 increased 35 % to $ 7.1 billion from $ 5.2 billion in the same quarter of fiscal 2020. Homes closed in the quarter increased 22 % to 21,588 homes compared to 17,642 homes closed in the same quarter of fiscal 2020 . For the nine months ended June 30 , 2021 , net income per common share attributable to D.R. Horton increased 85 % to $ 7.73 per diluted share compared to $ 4.17 per diluted share in the same period of fiscal 2020. Net income attributable to D.R. Horton for the nine months ended June 30 , 2021 increased 84 % to $ 2.8 billion compared to $ 1.5 billion in the same period of fiscal 2020. Homebuilding revenue for the first nine months of fiscal 2021 increased 41 % to $ 19.0 billion from $ 13.5 billion in the same period of fiscal 2020. Homes closed in the first nine months of fiscal 2021 increased 33 % to 60,028 homes compared to 45,140 homes closed in the same period of fiscal 2020 . Net sales orders for the third quarter ended June 30 , 2021 decreased 17 % to 17,952 homes and increased 2 % in value to $ 6.4 billion compared to 21,519 homes and $ 6.3 billion in the same quarter of the prior year . The Company's cancellation rate ( cancelled sales orders divided by gross sales orders ) for the third quarter of fiscal 2021 was 17 % compared to 22 % in the prior year quarter . Net sales orders for the first nine months of fiscal 2021 increased 20 % to 65,429 homes and 33 % in value to $ 21.7 billion compared to 54,732 homes and $ 16.3