Earnings ·
PulteGroup reports Q3 earnings of $2.53 per share on $3.9B in home sale revenues
PHMPultegroup Inc
PulteGroup, Inc. reported third-quarter 2026 net income of $476 million, or $2.53 per diluted share, compared to $586 million, or $2.96 per share, in the prior year period. Home sale revenues decreased 9% to $3.9 billion as closings fell 9% to 6,876 homes and average sales prices declined 1% to $561,000. The company reported a home sale gross margin of 24.8%, inclusive of $26 million in land impairments. Net new orders totaled 6,208 homes valued at $3.5 billion, while the unit backlog increased 4% to 10,298 homes with a value of $6.4 billion. PulteGroup repurchased $350 million of common shares during the quarter and ended with $1.4 billion in cash and a debt-to-capital ratio of 12%. The company operates as one of America's largest homebuilders.