NYSE$PHM

PulteGroup Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

PulteGroup's financial performance reflected strong demand conditions, with increased revenues and earnings, but also showed a slowdown in demand due to higher interest rates.

PulteGroup reported a 16% increase in home sale revenues, reaching $3.8 billion, and a 48% increase in earnings per share to $2.69. The company's operating margin expanded by 410 basis points. However, net new orders decreased by 28% due to higher interest rates impacting demand.

  • Earnings per share increased by 48% to $2.69.
  • Home sale revenues increased by 16% to $3.8 billion.
  • Homebuilding gross margin expanded by 360 basis points to 30.1%.
  • Net new orders decreased by 28% to 4,924 homes.

Headline financials

Total Revenue

$3.94B

Previous: $3.48B+13.4%
EPS (adj)

$2.69

Previous: $1.82+47.8%
Total Closings

7.0K

Previous: 7.0K+0.6%
Avg Selling Price

$545K

Previous: $474K+15.0%
Backlog Units

17.1K

Previous: 19.8K-14.1%
Backlog Value

$10.6B

Previous: $10.3B+2.7%
Capital Expenditures

-$88.6M

Previous: -$52.1M-69.9%
Free Cash Flow

$539M

Previous: $423M+27.4%
Net Income

$628M

Previous: $476M+32.0%
Operating Income

$3.52B

Previous: $3.09B+13.8%
Gross Profit

$3.92B

Previous: $3.48B+12.8%
Cash & Equivalents

$231M

Previous: $1.57B-85.3%
Total Assets

$14.2B

Previous: $12.6B+13.0%
Stock-Based Comp

$9.88M

Previous: $6.84M+44.5%

Revenue & EPS history

PulteGroup · Revenue · Quarterly

$3.94B

Q3 2022+13.4%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

PulteGroup · $72.7M total across 1 segment · Q3 2022

  • Financial Services
    $72.7M-20.5%

Forward guidance

PulteGroup continues to adjust sales, construction, and investment practices to address challenging market conditions and balance housing starts with sales pace.

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 2022

Historical avgQ3 2022

+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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