Builder Pulte Reports Big Q3 Turnaround
Bloomfield Hills, MI, Oct. 25, 2012 -- PulteGroup, the second largest U.S. homebuilder, reported third-quarter net income of $116.6 million, or $0.30 per share, compared with a net loss of $129.3 million, or $0.34 per share, a year earlier.
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It was the company's best quarterly earnings since 2006.
Revenue rose 12% percent to $1.23 billion.
New home orders rose 27% to 4,544 homes. The company's order backlog was up 49% to 7,686 homes, compared with a prior year backlog of 5,143 homes