PHM - PulteGroup Non-GAAP EPS of $3.63 beats by $0.71 revenue of $5.1B beats by $510M
- PulteGroup press release ( NYSE: PHM ): Q4 Non-GAAP EPS of $3.63 beats by $0.71 .
- Revenue of $5.1B (+20.0% Y/Y) beats by $510M .
- Higher revenues for the quarter were driven by a 3% increase in closings to 8,848 homes, in combination with a 17% increase in average sales price to $571,000.
- Net new orders for the fourth quarter totaled 3,964 homes, which is a decrease of 41% from the prior year.
- Homebuilding gross margin increased 200 basis points to 28.8%.
- Company repurchased 2.4M common shares in the quarter for $100M.
- Year end cash balance of $1.1B and a debt-to-capital ratio of 18.7%.
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PulteGroup Non-GAAP EPS of $3.63 beats by $0.71, revenue of $5.1B beats by $510M