Pulte Group (PHM) Tops Q2 EPS by 6c; New Orders Up 32%, Backlog Up 31%

Pulte Group (NYSE: PHM) reported Q2 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.11 billion.

Net new orders for the second quarter were 5,578, which is an increase of 32% over the prior year and a sequential gain of 12% from the first quarter of 2012. The year-over-year increase in signups was generated from 7% fewer communities. On a unit basis, PulteGroup's quarter-end backlog was up 31% to 7,560 homes with a value of $2.2 billion, compared with a prior year backlog of 5,777 homes with a value of $1.6 billion.

For earnings history and earnings-related data on Pulte Group (PHM) click here.

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