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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