PulteGroup Q3 EPS $3.35, up 16% YoY; home sale revenues $4.3B, record quarter

PULTEGROUP INC/MI/

2024-Q3 EPS reported $10.28 revenue$13,025,156,000

Q3 net income $698M ($3.35 per share) vs $639M ($2.90) prior year; EPS +16%.
Home closings 7,924 (+12%); home sale revenues $4.3B (+12%).
Home sale gross margin 28.8% vs 29.5% prior year; SG&A 9.4% of revenues.
Net new orders 7,031 homes ($3.9B); unit backlog 12,089 homes ($7.7B).
Repurchased $320M of shares (2.5M shares) in quarter; debt-to-capital 12.3%.

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