PulteGroup (PHM) Tops Q2 EPS by 2c

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Go back to PulteGroup (PHM) Tops Q2 EPS by 2c

PulteGroup Reports Second Quarter 2015 Financial Results

July 23, 2015 6:30 AM EDT

ATLANTA, July 23, 2015 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today financial results for its second quarter ended June 30, 2015.  For the quarter, the Company reported net income of $103 million, or $0.28 per share, including a pretax benefit of $27 million, or $0.05 per share, resulting from a legal settlement in the period.  Prior year net income of $42 million, or $0.11 per share, included pretax charges of $88 million, or $0.14 per share, for insurance reserves and office relocation costs.

"We are very pleased with market conditions as solid buyer demand helped to drive an 11% increase in... More