D.R. Horton — Jul 22, 2025 release

Dividends During the third quarter of fiscal 2025, the Company paid cash dividends of $122.4 million, for a total of $376.4 million of dividends paid during the nine months ended June 30, 2025. Subsequent to quarter end, the Company declared a quarterly cash dividend of $0.40 per common share that is payable on August 14, 2025 to stockholders of record on August 7, 2025. Share Repurchases The Company repurchased 9.7 million shares of common stock for $1.2 billion during the third quarter of fiscal 2025, for a total of 26.2 million shares repurchased for $3.6 billion during the nine months ended June 30, 2025. The Company’s number of common shares outstanding at June 30, 2025 was 298.9 million, down 9% from 327.4 million shares outstanding at June 30, 2024. The Company’s remaining stock repurchase authorization at June 30, 2025 was $4.0 billion. Guidance Based on the Company’s results for the first nine months of fiscal 2025 and current market conditions, D.R. Horton is updating its guidance for fiscal 2025 as follows: • Consolidated revenues in the range of $33.7 billion to $34.2 billion • Homes closed by homebuilding operations of 85,000 homes to 85,500 homes • Share repurchases in the range of $4.2 billion to $4.4 billion The Company is reiterating its fiscal 2025 guidance as follows: • Income tax rate of approximately 24.0% • Consolidated cash flow provided by operations of greater than $3.0 billion • Dividend payments of approximately $500 million The Company plans