D.R. Horton Inc ( DHI ) reported third-quarter financial results for fiscal 2025 before the market open on Tuesday. Here’s a rundown of the report.

Q3 Earnings: D.R. Horton ( DHI ) reported fiscal third-quarter revenue of $9.22 billion, beating analyst estimates of $8.79 billion, according to Benzinga Pro. The U.S. homebuilder reported third-quarter earnings of $3.36 per share, beating analyst estimates of $2.92 per share.

Total revenue was down 7% on a year-over-year basis. Home sales revenue also declined 7% to $8.6 billion after the company closed 23,160 homes in the quarter, down 4% year-over-year. Net sales orders came in at 23,071 during the period.

“Our net sales orders in the third quarter were flat with the prior year quarter and increased 3% sequentially. We closed more homes than the high end of our guidance range, while maintaining a home sales gross margin of 21.8%,” said David Auld, executive chairman of D.R. Horton ( DHI ).

“Our tenured operators continue to respond to market conditions with discipline to drive traffic and incremental sales, while carefully balancing pace versus price to maximize returns.”

D.R. Horton ( DHI ) said it repurchased 9.7 million shares of its common stock for $1.2 billion in the quarter and returned $122.4 million to shareholders via dividends. The company said it plans to repurchase a total of $4.2 billion to $4.4 billion of its common stock in fiscal 2025.

Guidance: D.R. Horton ( DHI ) narrowed its fiscal 2025 revenue guidance from a range of $33.3 billion to $34.8 billion to a new range of $33.7 billion to $34.2 billion versus estimates of $33.82 billion.

The company expects to close a total of 85,000 to 85,500 homes during fiscal 2025.

D.R. Horton ( DHI ) executives will provide guidance for the fourth quarter on a conference call, which is set for 8:30 a.m. ET.

DHI Price Action: D.R. Horton ( DHI ) shares were up 7.5% at $141.11 at the time of publication Tuesday, according to Benzinga Pro.

Read Next:

5 Homebuilding Stocks To Considering Selling On Copper Tariff Threats