earnings
confidence high
sentiment positive
materiality 0.85
PulteGroup Q2 EPS $1.90, revenue up 31% to $3.2B; orders surge 28%
PULTEGROUP INC/MI/
2021-Q2 EPS reported
$3.03
revenue$6,089,274,000
- Reported net income $503M ($1.90/sh); adjusted $456M ($1.72/sh) vs $1.29/sh prior year.
- Home sale revenues $3.2B (+31% YoY); closings 7,232 homes (+22%); avg price $447K (+7%).
- Homebuilding gross margin 26.6% (+270 bps YoY; +110 bps from Q1 2021).
- Net new orders 8,322 homes (+28%); backlog value $9.8B (+70%) representing 20,056 homes.
- Repurchased $200M of stock; net debt-to-capital ratio improved to 4.5%.