Homebuilder PulteGroup (PHM) Receives Multiple Upgrades Following Strong Q3 Results
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PulteGroup Reports Third Quarter 2020 Financial Results
October 22, 2020 6:30 AM EDTNet Income of $1.54 Per Share Adjusted Net Income Increased 33% to $1.34 Per Share Net New Orders Increased 36% to 8,202 Homes; Net New Order Value Increased 43% to $3.6 Billion Closings Increased 4% to 6,454 Homes Home Sale Revenues Increased 7% to $2.8 Billion Reported Homebuilding Gross Margin Increased 140 Basis Points to 24.5% SG&A Improved 70 Basis Points to 9.6% of Home Sale Revenues Unit Backlog Increased 29% to 14,962 Homes; Backlog Value Increased 32% to $6.6 Billion
ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM)... More
