DR Horton Inc. expected to Report Q2 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on February 3, 2010).

DR Horton Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2009. For the quarter, the company reported operating income from homebuilding of $36.1 million, income before income taxes of $42.8 million, net income of $192.0 million, or $0.56 per diluted share on revenues from home building of $1,108.9 million compared to operating loss from homebuilding of $58.4 million, loss before income taxes of $61.3 million, net loss of $62.6 million, or $0.20 per diluted share on revenues from home building of $900.3 million for the same period last year. The company reported net cash provided by operating activities of $220.0 million, purchases of property and equipment of $2.5 million. The current quarter results included $1.2 million in pre-tax charges to cost of sales for inventory impairments and write-offs of deposits and pre-acquisition costs, compared to $56.2 million in the same quarter of fiscal 2009. The company has declared a quarterly cash dividend of $0.0375 per share. The dividend is payable on February 25, 2010 to stockholders of record on February 16, 2010.

DR Horton Inc. Presents at JPMorgan High Yield & Leveraged Finance Conference, Mar-02-2010. Venue: Loews Miami Beach, Miami, Florida, United States.