Conference Call Participants
Stephen Kim – Evercore ISI Institutional Equities, Research Division
John Lovallo – UBS Investment Bank, Research Division
Matthew Bouley – Barclays Bank PLC, Research Division
Alan Ratner – Zelman & Associates LLC
Ryan Gilbert – BTIG, LLC, Research Division
Richard Reid – Wells Fargo Securities, LLC, Research Division
Eric Bosshard – Cleveland Research Company LLC
Anthony Pettinari – Citigroup Inc., Research Division
Michael Rehaut – JPMorgan Chase & Co, Research Division
Trevor Allinson – Wolfe Research, LLC
Rafe Jadrosich – BofA Securities, Research Division
Susan Maklari – Goldman Sachs Group, Inc., Research Division
Kenneth Zener – Seaport Research Partners
Jade Rahmani – Keefe, Bruyette, & Woods, Inc., Research Division
Alex Barrón – Housing Research Center, LLC
Presentation
Operator
Good morning, and welcome to the First Quarter 2026 Earnings Conference Call for D.R. Horton, America’s Builder. [Operator Instructions] Please note this conference is being recorded.
I will now turn the call over to Jessica Hansen, Senior Vice President of Communications for D.R. Horton.
Jessica, please go ahead.
Jessica Hansen
Senior VP of Communications & People and Head of Investor Relations
Thank you. Sorry. It would help if I took myself off mute. Thank you, Paul, and good morning.
Welcome to our call to discuss our financial results for the first quarter of fiscal 2026. Before we get started, today’s call includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. All forward-looking statements are based upon information available to D.R. Horton
