PulteGroup (PHM) Tops Q1 EPS by 4c, Revenues Miss

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PulteGroup, Inc. Reports First Quarter 2020 Financial Results

April 23, 2020 6:30 AM EDT

Company Provides Update on COVID-19 Impact and Response Strategies Company First Quarter Net Income of $0.74 Per Share Closings Increased 16% to 5,373 Homes Home Sale Gross Margin Increased 30 Basis Points to 23.7% Net New Orders Increased 16% to 7,495 Homes; Net New Order Value Increased 19% to $3.3 Billion Unit Backlog Higher by 20% to 12,629 Homes; Backlog Value Increased 21% to $5.6 Billion Company Maintains Outstanding Liquidity and Balance Sheet Strength

ATLANTA--(BUSINESS WIRE)-- In conjunction with announcing its first quarter financial results today, PulteGroup, Inc. (NYSE:... More