earnings
confidence high
sentiment negative
materiality 0.75
PulteGroup Q2 EPS $2.48, revenue $3.8B down 11% YoY; orders up 6%
PULTEGROUP INC/MI/
- EPS $2.48 vs $3.03 prior year; net income $472M down from $608M.
- Home sale revenues $3.8B (-11% YoY); closings 6,997 (-8%); avg price $544K (-3%).
- Home sale gross margin 25.0% (down from 27.0% YoY, up 60bps sequentially).
- Net new orders 7,536 (+6% YoY); order value $4.1B (+5%); backlog 10,966 (+2%).
- Repurchased $373M of shares in Q2; YTD $681M; cash $1.4B, debt-to-capital 12.3%.