D.R. Horton Plots Market Domination
D.R. Horton logged the first year-over-year quarterly sales increase since March 2006 in its fourth quarter,
leading CEO Donald Tomnitz to suggest that the worst is over for the Texas-based public builder.
In 2010, Horton will be profitable again and close more homes than it did in its 2009 fiscal year, Tomnitz told
investors during its quarter and year-end conference call Friday.
It wasn�t profitable in its fourth quarter. The company lost $231.9 million, $0.73 a share, the company reported.
So confident is Tomnitz that a recovery is beginning that the company has launched its next strategy to prepare
for such a rebound: Market domination by Horton. �One of the things we continue to do is maintain our big
footprint across the United States," the CEO said.
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