PULTEGROUP $PHM Q3โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $3.97B (Est. $4.21B) ๐ด
๐น EPS: $2.53 (Est. $2.66) ๐ด; vs $2.96 LY
๐น Home Sale Gross Margin: 24.8%; vs 26.2% LY
๐น Net New Orders: 6,208 homes; -6% YoY
Other Q3 Metrics:
๐น Home Sale Revenues: $3.9B; -9% YoY
๐น Closings: 6,876 homes; -9% YoY
๐น Avg. Sales Price: $561K; -1% YoY
๐น Net New Order Value: $3.5B; vs $3.6B LY
๐น Backlog: 10,298 homes; $6.4B in value
๐น Avg. Community Count: 1,077; +7% YoY
๐น Net Income: $476M; vs $586M LY
๐น SG&A: $397M; 10.3% of home sale revenues
๐น Mortgage Capture Rate: 85%; vs 84% LY
Capital Return:
๐น Share Repurchases: $350M; 2.8M shares
Key Updates:
๐น Cash: $1.4B; Debt-to-Capital Ratio: 12%
Comments:
๐ธ โWithin 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