PulteGroup (PHM) Tops Q1 EPS by 8c, Revenues Miss
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PulteGroup, Inc. Reports First Quarter 2021 Financial Results
April 27, 2021 6:30 AM EDTReported Net Income of $1.13 Per Share Adjusted Net Income of $1.28 Per Share Closings Increased 12% to 6,044 Homes Home Sale Gross Margin of 25.5% Net New Orders Increased 31% to 9,852 Homes; Net New Order Value Increased 42% to $4.6 Billion Backlog Increased 50% to 18,966 Homes with a Value of $8.8 Billion Debt-to-Capital Lowered to 23.3%, as Company Paid Down $726 Million of Senior Notes in the Quarter Company Repurchased 3.3 Million Shares for $154 million in the Quarter Company Increases Share Repurchase Authorization by $1.0 Billion
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