PulteGroup Reports $273 Million 4th Qtr Profit

BuilderOnline

PulteGroup, Inc. on Thursday reported net income of $273 million, or $0.83 per share, for the fourth quarter ended Dec. 31. The gain, which included $0.16 per share of insurance and income tax benefits, compared with net income of $228 million, or $0.64 per share, included $0.07 per share of benefits associated with the reversal of certain mortgage and insurance reserves, for the prior-year quarter.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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