NYSE$PHM

PulteGroup Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

PulteGroup's Q1 2020 financial results were released, highlighting the impact of COVID-19 and the company's response.

PulteGroup reported a strong first quarter with increased closings, home sale revenues, and net income, but the company withdrew its full-year guidance due to the uncertainty caused by the COVID-19 pandemic.

  • Net income increased to $0.74 per share compared to $0.59 per share in the prior year.
  • Closings increased by 16% to 5,373 homes.
  • Net new orders increased by 16% to 7,495 homes, with a 19% increase in order value to $3.3 billion.
  • Backlog units increased by 20% to 12,629 homes, and backlog value increased by 21% to $5.6 billion.

Headline financials

Total Revenue

$2.29B

Previous: $2B+14.9%
EPS (adj)

$0.74

Previous: $0.59+25.4%
Total Closings

5.4K

Previous: 4.6K+15.9%
Avg Selling Price

$413K

Previous: $421K-1.9%
Backlog Units

12.6K

Previous: 10.6K+19.7%
Backlog Value

$5.6B

Previous: $4.62B+21.2%
Capital Expenditures

-$20.1M

Previous: -$16.1M-25.3%
Free Cash Flow

$184M

Previous: $151M+21.8%
Net Income

$204M

Previous: $167M+22.2%
Operating Income

$1.98B

Previous: $1.72B+14.8%
Gross Profit

$2.29B

Previous: $1.99B+14.6%
Cash & Equivalents

$1.82B

Previous: $1.06B+72.1%
Total Assets

$11.4B

Previous: $10.2B+11.9%
Stock-Based Comp

$11.5M

Previous: $9.02M+27.3%

Revenue & EPS history

PulteGroup · Revenue · Quarterly

$2.29B

Q1 2020+14.9%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

PulteGroup · $54.6M total across 1 segment · Q1 2020

  • Financial Services
    $54.6M

Forward guidance

Due to the extent of business disruption and uncertainty relating to government efforts to restart local economies, the company withdrew its previous guidance for PulteGroup’s 2020 financial results and will suspend providing such guidance for the foreseeable future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.3%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.6%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+19.9%

Q2 2012

Best reaction

-11.3%

Q2 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-2.1%-8.7%
Q4 2025+1.5%+5.8%+11.3%
Q3 2025-0.1%-2.2%-7.2%
Q2 2025-1.1%+0.3%+5.5%
Q1 2025+8.4%+9.4%+5.9%
Q4 2024+4.9%-2.3%-8.6%
Q3 2024-7.7%-8.2%-11.2%
Q2 2024-2.5%+3.5%+2.8%
Q1 2024+4.1%+5.5%+4.6%
Q4 2023-1.4%-0.1%+2.2%
Q3 2023+0.6%+1.9%+24.6%
Q2 2023+7.3%+8.0%-0.2%
Q1 2023+1.2%+5.2%+4.2%
Q4 2022+12.4%+13.1%+4.4%
Q3 2022+2.4%+6.2%+17.8%
Q2 2022-2.3%-2.4%-3.7%
Q1 2022+0.3%+4.7%+9.7%
Q4 2021+3.2%-7.5%-6.5%
Q3 2021-2.2%-3.6%+5.6%
Q2 2021-1.4%+2.8%+0.9%
Q1 2021+7.1%+7.9%+5.6%
Q4 2020-7.9%-2.7%-4.5%
Q3 2020-2.8%-8.6%-3.5%
Q2 2020+8.1%+10.3%+20.4%
Q1 2020+6.5%+20.4%+38.4%
Q4 2019+3.9%+0.8%-5.8%
Q3 2019+4.3%+5.8%+2.1%
Q2 2019-7.7%-4.8%-1.0%
Q1 2019+5.4%+4.1%+4.5%
Q4 2018+0.8%+1.2%-0.1%
Q3 2018+6.0%+14.6%+22.9%
Q2 2018-2.9%-1.7%-1.5%
Q1 2018+5.9%+7.8%+4.5%
Q4 2017-4.8%-8.2%-14.1%
Q3 2017+4.8%+7.8%+17.7%
Q2 2017-0.5%-0.3%+2.0%
Q1 2017-1.6%-1.8%-0.8%
Q4 2016+4.0%+5.2%+6.3%
Q3 2016-4.1%-6.6%-5.2%
Q2 2016+7.0%+8.2%+3.8%
Q1 2016-0.7%
Q4 2015+4.2%
Q3 2015-5.7%
Q2 2015-3.3%
Q1 2015-7.2%
Q4 2014+0.0%
Q3 2014+1.9%
Q2 2014-5.6%
Q1 2014-0.7%
Q4 2013+4.6%
Q3 2013+8.2%
Q2 2013-11.3%
Q1 2013+8.4%
Q4 2012-3.3%
Q3 2012-1.0%
Q2 2012+19.9%
Q1 2012+15.7%
Q4 2010+1.6%
Q4 2011+1.6%
Q3 2011-4.3%
Q2 2011-9.0%
Q1 2010+1.9%
Q1 2011+0.5%
Q4 2008-2.2%
Q3 2010+2.6%
Q3 2009+2.6%
Q2 2010+3.5%
Q4 2009+3.5%
Q2 2009+3.5%

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