PulteGroup Q3 2026 EPS falls to $2.53 as closings and orders decline

PULTEGROUP INC/MI/

Net income was $476 million, or $2.53 per share, versus $586 million, or $2.96 per share, in the prior-year quarter.
Home sale revenues fell 9% to $3.9 billion on 6,876 closings; average selling price was $561,000 and gross margin was 24.8%, including $26 million of impairments.
Net new orders totaled 6,208 homes, down 6% from 6,638, with order value of $3.5 billion; backlog rose 4% to 10,298 homes valued at $6.4 billion.
PulteGroup repurchased 2.8 million shares for $350 million at an average $124.70; it ended with $1.4 billion cash and a 12% debt-to-capital ratio.
CEO Ryan Marshall cited rising mortgage rates, inflation and global unrest; mortgage capture rate was 85%, up from 84%.

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