PulteGroup (PHM) Tops Q1 EPS by 2c, Sales Miss

PulteGroup (NYSE: PHM) reported Q1 EPS of $0.31, ex-items, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.76 billion.

• Q1 Net Income of $92 Million, or $0.28 Per Share, Includes $0.03 Per Share Charge for Resolution of Certain Insurance Matters; Reported EPS Up 17% Over Prior Year
• Home Sale Revenues Gained 14% to $1.6 Billion; Closings Increased 7% to 4,225 Homes
• Value of Net New Orders Increased 16% to $2.4 Billion; Net New Orders Up 8% to 6,126 Homes
• Backlog Value Up 13% to $3.8 Billion; Backlog Increased 6% to 9,323 Homes
• Repurchased $100 Million of Stock During the Quarter

For earnings history and earnings-related data on PulteGroup (PHM) click here.

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