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PulteGroup Q3 adjusted EPS flat YOY

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PulteGroup Q3 adjusted EPS flat YOY

Homebuilder PulteGroup Inc. said its third-quarter adjusted EPS remained flat year over year at $1.01.

Adjusted net income totaled $279.8 million, a decrease from $289.5 million in the year-earlier period.

Home sale revenues climbed to $2.64 billion from $2.57 billion in the third quarter of 2018. The Atlanta-based company's revenue was boosted by a 3% increase in closings, which came in at 6,186 homes for the three-month period, with an average selling price of $426,000.

Net new orders for the quarter stood at 6,031 homes, up 13% year over year, while net new order value rose 11% to $2.5 billion.