PulteGroup Third Quarter 2012 Numbers | ||
Quarter Three | Nine Months | |
Profit/(Loss) | $ 116.6 +176.6% | $147.4M +132.4% |
Home Deliveries | 4,418 +5.2% | 11,351 +3.5% |
New Orders | 4,544 +5.2% | 10,569 +27.5% |
Behind the Numbers:
PulteGroup’s earnings were its highest in six years. It also posted its highest sales backlog value since 2008. And its orders were up despite the fact that it had 7% fewer communities open. Pulte is arming itself with $1 billion for land buying this year. And, as many other public builders have done, it is buying back debt with higher interest rates and exchanging it for lower-cost debt.
PulteGroup’s fiscal year ends Dec. 31.
