D.R. Horton
Q4 2022 Earnings Call
Nov 09, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the fourth quarter 2022 earnings conference call for D.R. Horton, America's Builder, the largest builder in the United States. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments. [Operator instructions] I will now turn the call over to Jessica Hansen, vice president of investor relations for D.R.
Horton. Jessica, the floor is yours.
Jessica Hansen -- Vice President, Investor Relations
Thank you, Tom, and good morning. Welcome to our call to discuss our fourth quarter and fiscal 2022 financial results. 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 on the date of this conference call and D.R Horton does not undertake any obligation to publicly update or revise any forward-looking statements. Additional information about factors that could lead to material changes in performance is contained in D.R.
Horton's annual report on Form 10-K and subsequent reports on Form 10-Q, all of which are filed with the Securities and Exchange Commission. This morning's earnings release can be found on our website at investor.drhorton.com, and we plan to file our 10-K toward the end of next week. After this call, we will post updated investor and supplementary presentations to our Investor Relations site on the Presentations section, under News and Events, for your reference. Now, I will turn the call over to David Auld, our president and CEO.
David Auld -- President and Chief Executive Officer
Thank you, Jessica. And good morning. We are also joined on this call by Mike Murray and Paul Romanowski, our executive vice president and co-chief operating officers; and Bill Wheat, our executive vice president and chief financial officer. The D.R.
Horton team finished the year with a solid fourth quarter, which included a 20% increase in consolidated pre-tax income to $2.1 billion and a 19% increase in revenues to $9.6 billion. Our pre-tax profit margin for the quarter improved 10 basis points to 21.4%, and our earnings per diluted share increased 26% to $4.67. For the year, consolidated pre-tax income increased 42% to $7.6 billion on $33.5 billion of revenue, which increased 21%. Our pre-tax profit margin for the year improved 350 basis points to 22.8%, and our earnings per diluted share increased 45% to $16.51.