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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
996 Following    216.5K Followers
PULTEGROUP $PHM Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $3.97B (Est. $4.21B) ๐Ÿ”ด ๐Ÿ”น EPS: $2.53 (Est. $2.66) ๐Ÿ”ด; vs $2.96 LY ๐Ÿ”น Home Sale Gross Margin: 24.8%; vs 26.2% LY ๐Ÿ”น Net New Orders: 6,208 homes; -6% YoY Other Q3 Metrics: ๐Ÿ”น Home Sale Revenues: $3.9B; -9% YoY ๐Ÿ”น Closings: 6,876 homes; -9% YoY ๐Ÿ”น Avg. Sales Price: $561K; -1% YoY ๐Ÿ”น Net New Order Value: $3.5B; vs $3.6B LY ๐Ÿ”น Backlog: 10,298 homes; $6.4B in value ๐Ÿ”น Avg. Community Count: 1,077; +7% YoY ๐Ÿ”น Net Income: $476M; vs $586M LY ๐Ÿ”น SG&A: $397M; 10.3% of home sale revenues ๐Ÿ”น Mortgage Capture Rate: 85%; vs 84% LY Capital Return: ๐Ÿ”น Share Repurchases: $350M; 2.8M shares Key Updates: ๐Ÿ”น Cash: $1.4B; Debt-to-Capital Ratio: 12% Comments: ๐Ÿ”ธ โ€œWithin this environment, we continue to appropriately balance the price and pace of home sales, align production accordingly, and remain disciplined in our allocation of capital.โ€
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