PulteGroup Third Quarter 2012 Numbers
$ 116.6 +176.6%
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.