D.R. Horton
Q2 2022 Earnings Call
Apr 26, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the second quarter 2022 earnings conference call for D.R. Horton, America's Builder, the largest builder in the United States. [Operator instructions] I will now turn the call over to Jessica Hansen, vice president of investor relations for D.R. Horton.
Jessica Hansen -- Vice President, Investor Relations
Thanks, Holly, and good morning. Welcome to our call to discuss our results for the second quarter of fiscal 2022. 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 in its most recent quarterly report on Form 10-Q, both 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-Q in the next day or two. After this call, we will post updated investor and supplementary data 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. I am pleased to also be 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. D.R. Horton team delivered an outstanding second quarter, highlighted by a 59% increase in earnings to $4.03 per diluted share.
Our consolidated pre-tax income increased 60% to $1.9 billion on a 24% increase in revenues. And our consolidated pre-tax profit margin of 520 basis points to 23.5%. Our homebuilding return on inventory for the trailing 12 months ended March 31st was 40.3%, and our consolidated return on equity for the same period was 34%. These results reflect our experienced teams the production capabilities and our ability to leverage D.R.