PulteGroup (PHM) Tops Q4 EPS by 11c, Revenues Beat

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PulteGroup Reports Fourth Quarter 2020 Financial Results

January 28, 2021 6:30 AM EST

Reported Net Income of $1.62 Per Share Adjusted Net Income of $1.49 Per Share Net New Orders Increased 24% to 7,056 Homes; Order Value Increased 33% to $3.3 Billion Home Sale Revenues Increased 5% to $3.1 Billion Homebuilding Gross Margin Increased 220 Basis Points to 25.0% Backlog Up 44% to 15,158 Homes with a Value of $6.8 Billion Cash Balance of $2.6 Billion; Debt-to-Total Capitalization Decreased to 29.5% Company Announces Plans to Tender for $300 Million of Outstanding Debt and Exercise the Early Redemption Feature on $426 Million of 2021 Bonds

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