D.R. Horton — Jan 21, 2025 release

The Company’s remaining stock repurchase authorization at December 31, 2024 was $2.5 billion. Guidance Based on current market conditions and the Company’s results for the first quarter of the year, D.R. Horton is reiterating its guidance for fiscal 2025 as follows: • Consolidated revenues of approximately $36.0 billion to $37.5 billion • Homes closed by homebuilding operations of 90,000 homes to 92,000 homes • Consolidated cash flow provided by operations greater than fiscal 2024 • Dividend payments of approximately $500 million The Company is updating its fiscal 2025 guidance as follows: • Income tax rate of approximately 24.0% • Share repurchases in the range of $2.6 billion to $2.8 billion The Company plans to also provide guidance for its second quarter of fiscal 2025 on its conference call today. Conference Call and Webcast Details The Company will host a conference call today (Tuesday, January 21) at 8:30 a.m. Eastern Time. The dial-in number is 888-506-0062 (reference entry code 163261), and the call will also be webcast from the Company’s website at investor.drhorton.com. About D.R. Horton, Inc. D.R. Horton, Inc., America’s Builder, has been the largest homebuilder by volume in the United States since 2002 and has closed more than 1,100,000 homes in its over 46-year history. D.R. Horton has operations in 126 markets in 36 states across the United States and is engaged in the construction and sale of high-quality homes through its diverse product portfolio with sales prices generally ranging from $200,000