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Stock impact report

PulteGroup, Inc. Reports First Quarter 2020 Financial Results

PulteGroup, Inc. (PHM) 
Last pultegroup, inc. earnings: 4/23 06:30 am Check Earnings Report
Company Research Source: Business Wire
Company Provides Update on COVID-19 Impact and Response StrategiesCompany First Quarter Net Income of $0.74 Per Share Closings Increased 16% to 5,373 Homes Home Sale Gross Margin Increased 30 Basis Points to 23.7%Net New Orders Increased 16% to 7,495 Homes; Net New Order Value Increased 19% to $3.3 BillionUnit Backlog Higher by 20% to 12,629 Homes; Backlog Value Increased 21% to $5.6 BillionCompany Maintains Outstanding Liquidity and Balance Sheet Strength ATLANTA--(BUSINESS WIRE)--In conjunction with announcing its first quarter financial results today, PulteGroup, Inc. (NYSE: PHM) also discussed the impact of the COVID-19 pandemic on housing demand, its workforce and the Company’s overall homebuilding operations.“The U.S. housing industry carried tremendous momentum into 2020, until the devastating effects of the COVID-19 pandemic began impacting the country,” said Ryan Marshall, PulteGroup President and CEO. “As the coronavirus spread and state and local governments implemented Show less Read more
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