PulteGroup (PHM) Tops Q1 EPS by 14c, Beats on Revenues

PulteGroup (NYSE: PHM) reported Q1 EPS of $0.59, $0.14 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.

• Q1 Earnings Increased 111% Over Prior Year to $0.59 Per Share
• Home Sale Revenues Gained 21% to $1.9 Billion; Closings Increased 9% to 4,626 Homes
• Home Sale Gross Margins Increased 40 Basis Points to 23.6%
• Operating Margin Increased 270 Basis Points to 11.0%
• Value of Net New Orders Increased 18% to $2.9 Billion; Net New Orders Gained 12% to 6,875 Homes
• Backlog Value Up 30% to $5.0 Billion; Unit Backlog Increased 21% to 11,245 Homes
• Repurchased $52 Million of Stock During the Quarter

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

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