The Motley Fool

OCTOBER 29, 2024

Horton team produced solid results to finish the year, highlighted by consolidated pre-tax income of $1.7 billion on revenues of $10 billion, with a pre-tax profit margin of 17.1%. For the year, earnings per diluted share increased 4% to $14.34, and our consolidated pre-tax income was $6.3 billion on revenues of $36.8

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

OCTOBER 30, 2024

ASP on orders this quarter of $406,000 was down 6% from prior year due to geographic and product mix shift, as well as increased financing incentive costs. We also have a competitive advantage related to affordability, as unlike existing home sellers, we can offer financing incentives. Now, turning to Slide 7. in the prior year.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Financing Finance 130

The Motley Fool

JULY 25, 2024

These tenants allow us to target the biggest piece of the potential homebuyer pool by effectively competing its resale inventory, not just in today's environment that favors builders but also when the resale market returns to historical averages. The second quarter's effective income tax rate was 22.1% from $5.02 in 2023.

Resale 130

Resale Securities and Exchange Commission (SEC) Leveraging Banks 130

The Motley Fool

MAY 16, 2024

adjusted EBIT impact, higher taxes of $0.08, and a noncontrolling interest impact of $0.03. The shortfall was due to a combination of a smaller benefit from working capital and higher-than-anticipated cash tax levels. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%.

Resale 130

Resale Consulting Consultants Capital 130

The Motley Fool

APRIL 18, 2024

Our consolidated pre-tax income increased 23% to $1.5 billion with a pre-tax profit margin of 16.8%. Jessica Hansen -- Senior Vice President, Communications Forestar, our majority-owned residential lot development company reported revenues of $334 million for the second quarter on 3,289 lots sold with pre-tax income of $59 million.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

FEBRUARY 1, 2024

By this, I mean further reducing low-margin resale revenue and driving a higher level of services, including those directly associated with AI and automation. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% Our financial focus is on improving the business mix.

Resale 130

Resale Banks Capital Assets 130

The Motley Fool

JANUARY 23, 2024

Our consolidated pre-tax income was $1.2 billion, with a pre-tax profit margin of 16.1%. Jessica Hansen -- Vice President, Investor Relations Forestar, our majority-owned residential lot development company, reported revenues of $306 million for the first quarter on 3,150 lots sold, with pre-tax income of $51 million.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

JULY 30, 2024

Pretax net income for the quarter was approximately $77 million, representing a pre-tax profit margin of 12.8%. With rising land and input costs, compounded by higher interest rates and increased cost of insurance and property taxes, today's entry-level customer faces hard choices and has fewer options. Our effective tax rate was 23.8%

Leveraging 130

Leveraging Taxes Debt Capital 130

The Motley Fool

NOVEMBER 1, 2023

year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. reduction from a higher tax rate and a $0.06 The second factor is the decline in resale revenues which drove 41% of our second quarter decrease in Cloud and ITO. We have increased the tax rate.

Resale 187

Resale Capital Taxes Assets 187

The Motley Fool

NOVEMBER 5, 2024

Additionally, we delivered a pre-tax net income margin of 14.1%, up 130 basis points sequentially and significantly higher than our pre-pandemic average of 12.8%. Our effective tax rate was 24.3%, compared to 25.1% Given our performance to date, we expect our full-year tax rate will be approximately 24.5%. last year and 12.8%

Capital 130

Capital Debt Banks Resale 130

The Motley Fool

APRIL 26, 2024

During the spring selling season with a healthy supply of move-in ready inventory, we were able to capitalize on strong market conditions generated by the increasing need for housing for millennials and Gen Zs as well as the move-down Baby Boomers who continue to find our limited inventory, limited availability of resale housing supply.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

FEBRUARY 17, 2024

Motley Fool analysts Jason Moser and Bill Mann join host Alison Southwick and Motley Fool personal finance expert Robert Brokamp to share some Valentine's Day themed stories about stocks. The company is citing payroll taxes that they're going to have to manage in the next coming quarter as well as employee compensation increases.

Taxes 130

Taxes Resale Mutual Funds Private Equity Firms 130

The Motley Fool

APRIL 11, 2024

With this program, we are creating the foundation that we'll leverage as we begin to activate the right side of our flywheel and enable customer lifetime value through services, notably beginning with trade-in and resales. During the fourth quarter of fiscal '24 and '23, we recorded an income tax provision of $10.2 By product category.

Resale 130

Resale Leveraging Capital Investing 130

SuperAngel.Fund

JANUARY 19, 2024

According to Pilot, an outsourced bookkeeping, CFO and tax services firm that works with thousands of startups, 57% of VC-backed startups have less than 18 months of runway. With the average financing process taking up to six months from start to finish, most will need to fundraise in 2024.

Startups 69

Startups Due Diligence Deal Flow Angel Investors 69

The Motley Fool

JANUARY 19, 2024

Joining me on the call from PPG are Tim Knavish, chairman and chief executive officer; Vince Morales, senior vice president and chief financial officer; and John Bruno, vice president of finance. John Bruno -- Vice President, Finance One more, John, from John Bruno. And, Vince, you can take the more finance-related questions there.

Leveraging 130

Leveraging Resale Taxes Capital 130

The Motley Fool

AUGUST 1, 2023

And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. The second quarter's effective income tax rate was 22% in 2023 compared to 24.6% and an effective tax rate of about 22.5% billion to $6.07

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Resale Banks 130

The Motley Fool

FEBRUARY 1, 2024

As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. Home closing gross margin was 25.2% in the fourth quarter of both periods.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

JUNE 15, 2023

And even while interest rates and affordability were primary headwinds to demand, the well-documented chronic housing supply shortage has kept inventory levels very low, which has continued to propel customers to stretch their finances for needed housing as incentives and price reductions combined to spark sales activity.

Resale 130

Resale Assets Capital Debt 130

The Motley Fool

JULY 20, 2023

Our consolidated pre-tax income was $1.8 billion, with a pre-tax profit margin of 18.3%. Mike Murray -- Executive Vice President and Co-Chief Operating Officer Financial services earned $94 million of pre-tax income in the third quarter on $229 million of revenues, resulting in a pre-tax profit margin of 41.2%.

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

FEBRUARY 2, 2024

Our finance, accounting, legal, and real estate investment teams have had a busy year-end and beginning of 2024, closing over $1.2 in the aggregate, including property taxes, which represented approximately 36% of our total operating expenses and are projected to increase approximately 3% in 2024. Insurance represents 7.5%

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

SEPTEMBER 12, 2024

Last week, we launched our resale platform piloting with our own associates before launching a customer facing experience in the near future. During the second quarter of fiscal 25, we recorded an income tax benefit of $1.8 And could I sneak one more in just on the financing program that you mentioned, Keith?

Leveraging 130

Leveraging Financing Finance Capital 130

The Motley Fool

AUGUST 16, 2023

Cloud services revenue benefited from increased spending by industries such as finance and automotive. Net finance costs were 3.4 Income tax expense increased by 144% year on year to 11.1 Business service gross margin increased notably year on year, due to cost optimization, as well as the new fee-based revenue streams.

Accounting 130

Accounting Leveraging Consultants Consulting 130

The Motley Fool

FEBRUARY 26, 2024

The first is a continued focus on evolving our financial management and HCM applications so that we can further empower the offices of finance and HR to optimize their two most important assets: their people and their money. billion valuation allowance release related to our US deferred tax assets. The FY '25 non-GAAP tax rate is 19%.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Professional Services Education Banks 130

The Big Picture

MAY 7, 2024

Joanne Bradford has had a fascinating career in technology, marketing and finance. 00:32:57 [Speaker Changed] Tax day was Monday, tax day was, what 00:32:59 [Speaker Changed] Did I forget? Let me, let me go to finance and see what I could shake up there. She was Chief Revenue Officer at Microsoft. What did I forget?

Startups 59

Startups Financing Finance Companies 59

The Motley Fool

SEPTEMBER 11, 2024

Operator instructions] I would now like to turn the conference over to Dustin Hauenstein, senior vice president of finance. Dustin Hauenstein -- Senior Vice President, Finance Good morning. Let's first talk about our resale business. Our effective tax rate in the second quarter on our adjusted results was 20.6%

Taxes 130

Taxes Leveraging Portfolios Consulting 130

The Big Picture

SEPTEMBER 5, 2023

MILLER: Now, what’s interesting if you dig a little deeper is that it’s not that the whole world is just paying cash, it’s that the number of transactions for cash buyers and financed buyers, both fell sharply year over year. RITHOLTZ: More than that, double, and it’s no bargain in terms of real estate taxes.

Taxes 52

Taxes Banks Resale Accounting 52

The Motley Fool

AUGUST 10, 2023

Total debt, excluding unamortized deferred financing fees and finance leases was $84 million, compared to $101 million at the end of last year's second quarter. Obviously, some of the product resale affected mix this year. We did not have a principal payment due in Q2, given we amended our credit facility during the quarter.

Leveraging 130

Leveraging Banks Portfolios Returns 130

The Motley Fool

JULY 24, 2024

Now there's a lot of misconceptions around EVs on the separate areas of costs like resale value and insurance, of course, range and charging, and battery life. Well, smaller batteries have an outsized impact on the cost and margin of the vehicle and the consumer tax credit in the U.S. It fits the duty cycle of an EV. And affordability.

Companies 244

Companies Capital Leveraging Resale 244

The Motley Fool

AUGUST 7, 2024

Operating executive, head of accounting and finance supervisory unit, Mr. Masao Kawaguchi. Masao Kawaguchi -- Head of Accounting and Finance At this time, I'd like to explain the details of our results. I would like to explain the factors behind the increase or decrease in profit before tax compared to the same period last year.

Depreciation 130

Depreciation Financing Finance Banks 130