earnings
confidence high
sentiment positive
materiality 0.80
PulteGroup Q3 EPS $1.82 beats adjusted prior-year $1.34; home sale revenues up 18% to $3.3B
PULTEGROUP INC/MI/
2021-Q3 EPS reported
$4.85
revenue$9,568,324,000
- GAAP EPS $1.82 vs $1.54 YoY; adjusted EPS $1.34 in prior year; net income $476M.
- Home sale revenues $3.3B (+18%) on 7,007 closings (+9%); average price $474K (+8%).
- Homebuilding gross margin 26.5%, up 200 bps YoY; SG&A ratio 9.6% unchanged.
- Net new orders 6,796 (-17%) reflecting lower community count and sales pace management; backlog value $10.3B (+56%).
- Repurchased 5.1M shares ($261M, 2% of outstanding); cash $1.6B; debt-to-capital 22.4%.