PulteGroup (PHM) Tops Q4 EPS by 8c

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PulteGroup Reports Financial Results For 2015 Fourth Quarter

January 28, 2016 6:31 AM EST

ATLANTA, Jan. 28, 2016 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2015.  For the quarter, PulteGroup reported net income of $228 million, or $0.64 per share, inclusive of $0.07 per share of benefit associated with the reversal of certain mortgage and construction related insurance reserves.  Prior year net income of $217 million, or $0.58 per share, included $0.16 per share of income tax and insurance benefits.

"PulteGroup's fourth quarter results reflect improved performance from our homebuilding operations and, more broadly, the favorable demand environment we... More