D.R. Horton — Apr 17, 2025 release

Dividends During the second quarter of fiscal 2025, the Company paid cash dividends of $125.5 million, for a total of $254.0 million of dividends paid during the six months ended March 31, 2025. Subsequent to quarter end, the Company declared a quarterly cash dividend of $0.40 per common share that is payable on May 9, 2025 to stockholders of record on May 2, 2025. Share Repurchases The Company repurchased 9.7 million shares of common stock for $1.3 billion during the second quarter of fiscal 2025, for a total of 16.5 million shares repurchased for $2.4 billion during the six months ended March 31, 2025. The Company’s number of common shares outstanding at March 31, 2025 was 308.6 million, down 7% from 330.2 million shares outstanding at March 31, 2024. The Company’s remaining stock repurchase authorization at March 31, 2025 was $1.2 billion. In April 2025, the Board of Directors authorized the repurchase of up to $5.0 billion of the Company’s common stock, replacing the previous authorization, which at that time had $1.1 billion remaining due to repurchases made subsequent to quarter end. Guidance Based on the Company’s results for the first half of the fiscal 2025 and current market conditions, D.R. Horton is updating its guidance for fiscal 2025 as follows: • Consolidated revenues in the range of $33.3 billion to $34.8 billion • Homes closed by homebuilding operations of 85,000 homes to 87,000 homes • Consolidated cash flow provided by operations of greater than $3.0