Join The Discussion

 

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

read more >

D.R. Horton sees fiscal 2Q increases in prices, orders

Fort Worth-based D.R. Horton Inc. (DHI), saw prices and orders increase during its fiscal second quarter.


D.R.Horton, the largest U.S. homebuilder by revenue, said net income increased to $131 million, or 38 cents a share, in the three months ended March 31, compared with $111 million, or 32 cents, a year earlier. Analysts were expecting earnings of about 34 cents a share.
Homebuilding revenue for the company increased to $1.7 billion in the fiscal second quarter from $1.39 billion a year earlier. The company said it sold 6,194 homes, up from 5,643 a year earlier. Orders for new homes increased to 8,569 from 7,879.


“Housing market conditions remain favorable, and as expected, the pace and strength of the improvement varies significantly across our local operating markets,” said Donald R. Horton, chairman of the board,, in a statement. “Our broad geographic footprint, diversified product offerings, solid balance sheet and robust finished lot supply put us in a strong position to capture demand and increase revenues and profitability in the second half of our fiscal year."
"Our homebuilding and financial services operations delivered a great quarter, highlighted by pre-tax income of $201.9 million and a pre-tax income margin of 11.6 percent,” he said.

Horton also noted that the dollar value of the company’s homes sold, closed and in backlog all increased by double-digit percentages and that the company’s net sales orders in the March quarter were up 57 percent sequentially from the December quarter and up 9 percent from the March quarter last year. Average sales prices were up too, increasing 10 percent to $278,900.
 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?