NYSE$PHM

PulteGroup Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

PulteGroup's financial performance reflected strong demand with increased home sale revenues and earnings per share.

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.

Headline financials

Total Revenue

$3.48B

Previous: $2.95B+17.7%
EPS (adj)

$1.82

Previous: $1.34+35.8%
Total Closings

7.0K

Previous: 6.5K+8.6%
Avg Selling Price

$474K

Previous: $438K+8.2%
Backlog Units

19.8K

Previous: 15.0K+32.6%
Backlog Value

$10.3B

Previous: $6.6B+56.1%
Capital Expenditures

-$52.1M

Previous: -$46.9M-11.1%
Free Cash Flow

$423M

Previous: $369M+14.6%
Net Income

$476M

Previous: $416M+14.2%
Operating Income

$3.09B

Previous: $2.61B+18.3%
Gross Profit

$3.48B

Previous: $2.94B+18.0%
Cash & Equivalents

$1.57B

Previous: $2.07B-24.1%
Total Assets

$12.6B

Previous: $11.4B+10.6%
Stock-Based Comp

$6.84M

Previous: $8.33M-17.9%

Revenue & EPS history

PulteGroup · Revenue · Quarterly

$3.48B

Q3 2021+17.7%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

PulteGroup · $91.5M total across 1 segment · Q3 2021

  • Financial Services
    $91.5M-14.4%

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

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+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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