PulteGroup Q3 EPS $2.90, up 8% YoY; net new orders surge 43% to 7,065

PULTEGROUP INC/MI/

2023-Q3 EPS reported $8.45 revenue$11,767,926,000

Net income $639M ($2.90/diluted share) vs $628M ($2.69) prior year; revenue $3.9B (+3%).
Home sale gross margin 29.5% vs 30.5% prior year; SG&A 9.1% of revenues (9.2% prior).
Net new orders 7,065 homes (+43%); backlog 13,547 homes worth $8.1B.
Repurchased $300M common shares (3.8M shares at avg $79.84) and retired $65M senior notes.
Debt-to-capital 16.5%; cash $1.9B; ROE 30.1%; mortgage capture rate 84% (77% prior).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PULTEGROUP INC/MI/ reported third quarter ended September 30, 2023 results: revenue $3.9 billion, net income $639 million, EPS $2.90 per share.

Period: third quarter ended September 30, 2023
Revenue: $3.9 billion
Net income: $639 million
EPS: $2.90 per share
Result: reported results

Exact text from the filing

978-6434 jim.zeumer@pultegroup.com PULTEGROUP REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS • Net Income Increased 8% to $2.90 Per Share • Home Sale Revenues Increased 3% to $3.9 Billion • Home Sale Gross Margin of 29.5% • Net New Orders Increased 43% to 7,065 Homes with a Value of $3.8 Billion • Unit Backlog Totaled 13,547 Homes with a Value of $8.1 Billion •

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accession 0000822416-23-000040

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