D.R. Horton (NYSE: DHI)
Headquarters: Fort Worth, TX
CEO: Donald
J. Tomnitz
Employees*: 8,900
Home Types: First-time, Move-up,
Active Adult, Luxury
Average price: $260,000
Year end: September 30
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D.R. Horton, Inc., America's Builder, is the largest homebuilder
in the United States, delivering more than 51,000 homes in its
fiscal year ended September 30, 2005. Founded in 1978 in Fort Worth,
Texas, D.R. Horton has expanded its presence to include 77 markets
in 26 states in the Mid-Atlantic, Midwest, Southeast, Southwest
and Western 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 $900,000. D.R. Horton also provides
mortgage financing and title services for homebuyers through its
mortgage and title subsidiaries.
D.R. Horton is focused on organic growth, but the company continues to evaluate opportunities for strategic acquisitions that offer established land positions, existing relationships with key developers and suppliers, and brand name recognition. The company expanded its geographic reach in the Western U.S. with the 2002 acquisition of Schuler Homes, Inc., its largest acquisition to date.
For the year ended September 30, 2005, D.R. Horton recorded
a net income of $1.5 billion on consolidated revenues of $13.9
billion. The company also had a year-end record backlog of 19,244
homes valued at $5.8 billion.
For more information, click
here to visit D.R. Horton's Web site.
* Employee figures as of September 30,
2005. |
