PULTEGROUP $PHM Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $3.97B (Est. $4.21B) 🔴
🔹 EPS: $2.53 (Est. $2.66) 🔴; vs $2.96 LY
🔹 Home Sale Gross Margin: 24.8%; vs 26.2% LY
🔹 Net New Orders: 6,208 homes; -6% YoY
Other Q3 Metrics:
🔹 Home Sale Revenues: $3.9B; -9% YoY
🔹 Closings: 6,876 homes; -9% YoY
🔹 Avg. Sales Price: $561K; -1% YoY
🔹 Net New Order Value: $3.5B; vs $3.6B LY
🔹 Backlog: 10,298 homes; $6.4B in value
🔹 Avg. Community Count: 1,077; +7% YoY
🔹 Net Income: $476M; vs $586M LY
🔹 SG&A: $397M; 10.3% of home sale revenues
🔹 Mortgage Capture Rate: 85%; vs 84% LY
Capital Return:
🔹 Share Repurchases: $350M; 2.8M shares
Key Updates:
🔹 Cash: $1.4B; Debt-to-Capital Ratio: 12%
Comments:
🔸 “Within 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.”