PulteGroup reports lower third-quarter earnings as home sales decline
Filed with the SEC on · Summarized by InvestorsBot
PulteGroup reported third-quarter 2026 net income of $476 million, or $2.53 per diluted share, down from $586 million, or $2.96 per share, a year earlier; home sale revenue fell 9% to $3.9 billion on 6,876 closings. Net new orders declined 6% to 6,208 homes, while backlog increased 4% to 10,298 homes valued at $6.4 billion, and the company repurchased $350 million of common shares during the quarter.