PulteGroup, Inc. Reports First Quarter 2020 Financial Results

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Go back to PulteGroup, Inc. Reports First Quarter 2020 Financial Results

PulteGroup (PHM) Tops Q1 EPS by 4c, Revenues Miss

April 23, 2020 6:31 AM EDT

PulteGroup (NYSE: PHM) reported Q1 EPS of $0.74, $0.04 better than the analyst estimate of $0.70. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.32 billion.

Company Provides Update on COVID-19 Impact and Response StrategiesCompany First Quarter Net Income of $0.74 Per ShareClosings Increased 16% to 5,373 HomesHome Sale Gross Margin Increased 30 Basis Points to 23.7%Net New Orders Increased 16% to 7,495 Homes; Net New Order Value Increased 19% to $3.3 BillionUnit Backlog Higher by 20% to 12,629 Homes; Backlog Value Increased 21% to $5.6 BillionCompany Maintains Outstanding Liquidity and Balance Sheet Strength

The... More