PulteGroup (PHM) Tops Q2 EPS by 6c

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PulteGroup Reports Second Quarter 2017 Financial Results

July 25, 2017 6:30 AM EDT

Reported Net Income of $0.32 Per Share Reflects Land and Warranty Charges, Partially Offset by an Insurance Reserve Reversal and Lower Tax RateAdjusted Net Income of $0.47 Per Share Increased 27% Over Prior Year Q2 Adjusted Net Income of $0.37 Per Share Net New Orders Increased 12% to 6,395 Homes; Value of Net New Orders Increased 23% to $2.6 Billion Home Sale Revenues Increased 12% to $2.0 Billion Backlog Increased 10% to 10,674 Homes; Backlog Value Increased 19% to $4.5 Billion Company Repurchased 12.8 Million Shares of Stock During the Quarter for $300... More