- Q1 EPS less items of $0.31 up 17% Y/Y, and ahead of estimates by $0.02.
- Closings up 7% to 4,225 homes; ASP up 6% to $375K; revenues up 14% to $1.6B.
- Gross profit of $368M or 23.2% of revenue vs. $356M and 25.5% a year ago.
- Net new orders up 8% to 6,126 homes; dollar value of 16% to $2.4B.
- Backlog of 9,323 homes valued at $3.8B vs. 8,755 homes valued at $3.4B a year ago. ASP of home in backlog up 6%.
- Conference call at 8:30 ET
- Previously: PulteGroup beats by $0.02, misses on revenue (April 25)
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PHM -3.4% premarket