earnings
confidence high
sentiment neutral
materiality 0.80
PulteGroup Q2 EPS $2.73, up 59% over adj. prior; orders -23%
PULTEGROUP INC/MI/
2022-Q2 EPS reported
$4.54
revenue$7,113,801,000
- Net income $652M ($2.73 diluted EPS); prior year adjusted EPS was $1.72.
- Home sale revenues $3.8B (+18% YoY); closings 7,177 (flat); avg price $531K (+19%).
- Gross margin 30.9% (+430 bps YoY, +190 bps QoQ); SG&A 9.2% of revenues.
- Net new orders 6,418 (-23% YoY); cancellation rate 15% vs 7%; backlog value $11.6B (+18%).
- Share repurchases $294M (7.1M shares); debt-to-capital 20.8%; cash $732M.