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Jun 30, 2023
PulteGroup Q2 2023 Earnings Report
Financial results for the second quarter of 2023 were reported.
Key Takeaways
PulteGroup reported strong second-quarter results, with net income of $3.21 per share. Home sale revenues increased by 8% to $4.1 billion, driven by higher closings and average sales prices. Net new orders also saw a significant increase of 24%, reflecting strong demand for new homes.
Net income was $3.21 per share, including a $0.21 per share insurance benefit.
Home sale revenues increased 8% year-over-year to $4.1 billion.
Closings increased 5% to 7,518 homes, with the average sales price up 3% to $540,000.
Net new orders increased 24% to 7,947 homes, valued at $4.3 billion.
Revenue by Segment
Forward Guidance
This release includes “forward-looking statements.” These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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