NYSE$PHM

PulteGroup Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

PulteGroup reported strong Q3 2020 financial results driven by increased housing demand and successful execution of business objectives.

PulteGroup reported a net income of $416 million, or $1.54 per share, for the third quarter of 2020. Adjusted net income increased 33% to $1.34 per share. Net new orders increased 36% to 8,202 homes, and home sale revenues increased 7% to $2.8 billion.

  • Net income was $1.54 per share.
  • Adjusted net income increased 33% to $1.34 per share.
  • Net new orders increased 36% to 8,202 homes; net new order value increased 43% to $3.6 billion.
  • Home sale revenues increased 7% to $2.8 billion.

Headline financials

Total Revenue

$2.95B

Previous: $2.71B+9.0%
EPS (adj)

$1.34

Previous: $1.01+32.7%
Total Closings

6.5K

Previous: 6.2K+4.3%
Avg Selling Price

$438K

Previous: $426K+2.8%
Backlog Units

15.0K

Previous: 11.6K+28.6%
Backlog Value

$6.6B

Previous: $5.01B+31.7%
Capital Expenditures

-$46.9M

Previous: -$43.2M-8.7%
Free Cash Flow

$369M

Previous: $230M+60.7%
Net Income

$416M

Previous: $273M+52.5%
Operating Income

$2.61B

Previous: $2.37B+10.1%
Gross Profit

$2.94B

Previous: $2.69B+9.4%
Cash & Equivalents

$2.07B

Previous: $737M+180.5%
Total Assets

$11.4B

Previous: $10.3B+10.7%
Stock-Based Comp

$8.33M

Previous: $4.09M+103.9%

Revenue & EPS history

PulteGroup · Revenue · Quarterly

$2.95B

Q3 2020+9%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

PulteGroup · $107M total across 1 segment · Q3 2020

  • Financial Services
    $107M

Forward guidance

This release includes forward-looking statements that are subject to risks, uncertainties, and other factors. These factors could cause actual results to differ materially from those expressed or implied in the statements.

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 Q3 2020

Historical avgQ3 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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