D.R. Horton er den stoerste aktoer i USA hvad angaar husbyggeri. De er kommet med regnskab for deres tredje kvartal. Det fortaeller ogsaa lidt om oekonomien. Deres fremtidsudsigt er mere interessant end tallene for kvartalet synes jeg. De vigtigste tal og kommentarer i mine oejne:
Cancellation rate 24% +7pp
Backlog 29k huse -9%
"In June, we began to see a moderation in housing demand as mortgage interest rates increased substantially and inflationary pressures remained elevated."
Guidance/Outlook:
Omsaetning $33,8 til $34,6 milliarder; tidligere 35,3 til 36,1.
Afsluttede salg 83k til 85k; forrige kvartal 88k til 90k.
Jeg ejer bl.a. konkurrenten NVR og har suppleret i Q2.
Aar-til-dato:
https://finviz.com/screener.ashx?v=141&f=ind_residentialconstruction&o=-marketcap
D.R. Horton -29%
Lennar -29%
NVR -23%
Pulte -20%
Toll -31%
Kommentar vedroerende Q4-margener:
https://www.fool.com/earnings/call-transcripts/2022/04/26/dr-horton-dhi-q2-2022-earnings-call-transcript/
Deepa Raghavan -- Wells Fargo Securities -- Analyst
Got it. Staying on the topic of the guide. I don't think you guided for the full year gross margins unless I missed it, but it does definitely look like you have some good tailwinds that can extend into Q4 and give you some good gross margin visibility. Do you want to provide any color on that for Q4?
Bill Wheat -- Executive Vice President and Chief Financial Officer
Yes. We do only guide one quarter out on gross margin, but I would agree with you that currently, we do have some tailwinds with the average prices that have been in our backlog and in our recent sales orders that some of which will be homes that would close into Q4. I think we do have some tailwinds. But as we've said many times, our true visibility to margin really doesn't go far beyond the quarter.
So we only guide specifically to Q3. But we do feel like we're still going to see very good gross margins through Q4 as well.
Vedhaeftet et par relevante figurer. Klik for at goere dem stoerre.
Builder D.R. Horton Steps Up Buyer Incentives as Demand Slows
https://www.bloomberg.com/news/articles/2022-07-21/builder-d-r-horton-steps-up-buyer-incentives-as-demand-slows
U.S. housing hold-ups put thousands of jobs on the line
https://www.reuters.com/markets/us/us-housing-hold-ups-put-thousands-jobs-line-2022-07-01/
Lennar flags cooling home demand as hotter interest rates spook buyers
https://www.reuters.com/business/lennar-says-home-buying-under-pressure-high-interest-rates-2022-06-21/
https://www.youtube.com/watch?v=KrVlCqdZhww
[image: 104674_DHI_us_gaap.WeightedAverageNumberOfDilutedSharesOutstanding__.png]
[image: 104674_dhi2022q2.png]
[image: 104674_residential_construction_ROIC_annual_sumFalse.png]
[image: 104674_DHI_us_gaap.SellingGeneralAndAdministrativeExpense__.png]
[image: 104674_DHI_IncomeStatement.png]
[image: 104674_DHI_us_gaap.NetIncomeLoss__.png]
[image: 104674_residential_construction_revenue_annual_sumFalse.png]
[image: 104674_DHI_us_gaap.CostOfGoodsAndServicesSold__.png]
[image: 104674_DHI_us_gaap.EarningsPerShareDiluted__.png]
