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Sep 30, 2021
PulteGroup Q3 2021 Earnings Report
PulteGroup's financial performance reflected strong demand with increased home sale revenues and earnings per share.
Key Takeaways
PulteGroup reported a strong third quarter in 2021, with net income of $1.82 per share, up 36% over the prior year. Home sale revenues increased by 18% to $3.3 billion, driven by a 9% increase in closings and an 8% increase in average selling price. The company invested $1.1 billion in land acquisition and development and returned $261 million to shareholders through share repurchases.
Net income per share increased by 36% to $1.82.
Closings increased by 9% to 7,007 homes.
Home sale revenues increased by 18% to $3.3 billion.
Unit backlog increased by 33% to 19,845 homes.
Revenue by Segment
Forward Guidance
The housing industry continues to experience robust demand, but significant disruptions in the manufacture and supply of many building products are extending overall build cycles. The Company is working closely with our homebuyers and supply partners as we manage through today’s challenging conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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