PulteGroup (NYSE: PHM) reported Q4 EPS of $1.11, $0.01 better than the analyst estimate of $1.10. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.9 billion.

• Reported Net Income of $0.84 Per Share
• Adjusted Net Income of $1.11 Per Share Increased 31% Over Prior Year Q4 Adjusted Net Income of $0.85 Per Share
• Home Sale Revenues Increased 6% to $2.9 Billion
• Closings Increased 1% to 6,709 Homes
• Year-end Backlog of 8,722 Homes Valued at $3.8 Billion
• Company Repurchased $122 Million of Common Shares During the Quarter; Full-Year Repurchases Totaled $295 Million
• Year-end Cash Balance of $1.1 Billion; Debt-to-Total Capitalization Lowered to 38.6%
• “PulteGroup’s fourth quarter results complete an outstanding year in which we dramatically increased top and bottom line financial results, while achieving key operating performance metrics consistent with our stated business strategies,” said Ryan Marshall, President and CEO of PulteGroup. “We ended the year with $1.1 billion of cash after investing $2.6 billion to support the ongoing success of the business and returning almost $400 million to shareholders in 2018.”

“The Company delivered strong financial results, but market conditions grew more challenging as 2018 progressed, with homebuying demand softening in response to affordability challenges and general market uncertainty,” added Marshall. “While continued strength in the economy, jobs and consumer confidence supports maintaining a positive long-term view on housing demand, we maintain our disciplined approach to the business that we believe will help us to better navigate today’s more volatile market conditions.”

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