DHI

• Consolidated revenues were $9.2 billion with a pre-tax profit margin of 13.3%.
• Homes closed increased 4% to 23,983 homes; net sales orders were 23,084 homes with an order value of $8.4 billion.
• The company declared a quarterly dividend of $0.45 per share, payable August 13, 2026.
• Fiscal 2026 guidance updated: consolidated revenues of $32.5–$33.0 billion and homes closed of 83,800–84,300.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The amendment increases the Maximum Aggregate Commitment to $1.925 billion and extends the maturity date to May 4, 2029, with additional extension options.
• The amendment also modifies certain pricing terms, fees, and financial covenants under the facility.
• The repurchase facility provides financing and liquidity to DHI Mortgage by facilitating the transfer of eligible loans to buyers, including U.S. Bank National Association as administrative agent and buyer.
• Amounts outstanding under the facility are not guaranteed by D.R. Horton, Inc. or its subsidiaries that guarantee debt of its homebuilding, rental, or Forestar operations.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Net sales orders increased 11% to 24,992 homes with an order value of $9.2 billion.
• The company repurchased 6.0 million shares for $903.6 million and paid $129.7 million in dividends during the quarter.
• Declared a quarterly dividend of $0.45 per share payable May 14, 2026 to stockholders of record May 7, 2026.
• Fiscal 2026 guidance updated: consolidated revenues $33.5B-$34.5B and homes closed 86,000-87,500.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The amendment raises the aggregate credit facility limit to $4.0 billion and modifies interest rate margins and extension options.
• DRH Rental, a wholly-owned subsidiary, entered Amendment No. 2 to its Credit Agreement, extending the termination date to March 27, 2030, and reducing undrawn fees.
• Both amendments were made with Mizuho Bank, Ltd. as Administrative Agent and other lenders.
• The amendments create direct financial obligations as described under Item 2.03.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Net income attributable to D.R. Horton was $594.8 million, or $2.03 per diluted share, compared to $844.9 million, or $2.61 per diluted share, in the prior year quarter.
• Consolidated pre-tax income was $798.1 million with a pre-tax profit margin of 11.6%, including a 40 basis point benefit from recovery of prior period warranty costs.
• Net sales orders increased 3% to 18,300 homes with an order value of $6.7 billion; homes closed decreased 7% to 17,818 homes.
• The company reiterated fiscal 2026 guidance: consolidated revenues of $33.5-$35.0 billion, homes closed of 86,000-88,000, and cash flow from operations of at least $3.0 billion.
• Declared a quarterly dividend of $0.45 per share payable February 12, 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• All eight director nominees were elected, with votes ranging from 239,909,919 to 247,517,622 for each.
• The advisory say-on-pay proposal passed with 229,912,825 votes for and 17,959,825 against.
• Ratification of Ernst & Young LLP as independent auditor for fiscal 2026 was approved with 268,030,341 votes for.
• Broker non-votes totaled 21,594,404 on director elections and the say-on-pay proposal.

5.07 Submission of Matters to a Vote of Security Holders

• Fiscal 2025 net income decreased 25% to $3.6 billion, with diluted EPS down 19% to $11.57.
• Consolidated revenues were $9.7 billion in Q4 and $34.3 billion for fiscal 2025, with pre-tax margins of 12.4% and 13.8%, respectively.
• The company increased its quarterly dividend by 13% to $0.45 per share, payable November 20, 2025.
• Fiscal 2026 guidance includes consolidated revenues of $33.5–$35.0 billion and homes closed of 86,000–88,000.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Homes closed decreased 4% to 23,160 homes; net sales orders were flat at 23,071 homes with order value down 3% to $8.4 billion.
• Pre-tax income was $1.4 billion with a 14.7% pre-tax profit margin; homebuilding pre-tax income fell 25% to $1.2 billion.
• Declared quarterly dividend of $0.40 per share payable August 14, 2025; repurchased 9.7 million shares for $1.2 billion in Q3.
• Updated FY2025 guidance: consolidated revenues $33.7-$34.2 billion, homes closed 85,000-85,500, share repurchases $4.2-$4.4 billion.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits