D.R. Horton — Apr 17, 2025 release

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 billion • Share repurchases of approximately $4.0 billion The Company is reiterating its fiscal 2025 guidance as follows: • Income tax rate of approximately 24.0% • Dividend payments of approximately $500 million The Company plans to also provide guidance for its third quarter of fiscal 2025 on its conference call today. Conference Call and Webcast Details The Company will host a conference call today (Thursday, April 17) at 8:30 a.m. Eastern Time. The dial-in number is 888-506-0062 (reference entry code 445791), and the call will also be webcast from the Company’s website at investor.drhorton.com. Third Quarter Conference Call The Company plans to release financial results for its third quarter ended June 30, 2025 on Tuesday, July 22, 2025 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time. Details on how to access the conference call will be available at a later date. About D.R. Horton, Inc. D.R. Horton, Inc., America’s Builder, has been the largest homebuilder by volume in the United S