PulteGroup (PHM) Tops Q3 EPS by 1c, Sales Miss

PulteGroup (NYSE: PHM) reported Q3 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $2.13 billion versus the consensus estimate of $2.3 billion.

• Reported Net Income of $0.58 Per Share
• Adjusted Net Income of $0.60 Per Share Increased 40% Over Prior Year Q3 Adjusted Net Income of $0.43 Per Share
• Home Sale Revenues Gained 9% to $2.1 Billion
• Operating Margin Expanded by 100 Basis Points to 12.3%
• Net New Orders Gained 11% to 5,300; Value of Net New Orders Increased 23% to $2.3 Billion
• Unit Backlog Increased 15% to 10,823 Homes; Backlog Value Increased 26% to $4.7 Billion
• Company Repurchased 10.4 Million Shares of Stock During the Quarter for $260 Million

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

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