PulteGroup (PHM) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to the prior quarter but rose relative to the same period last year. The company's filing highlighted an extended production cycle requiring greater capital investment.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined compared to the prior quarter but rose relative to the same period last year. The company's filing highlighted an extended production cycle requiring greater capital investment.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-29.6%
Change from the immediately preceding quarter.
Year-over-year
+13.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.9B | +15.5% |
| Sep 30, 2022 | $3.9B | +12.0% |
| Dec 31, 2022 | $5.1B | +21.8% |
| Mar 31, 2023 | $3.6B | +13.5% |
Revenue performance
The quarter's revenue was lower than the immediately preceding period. Compared with a year earlier, revenue improved.
Quarterly comparison
On a sequential basis, revenue decreased from the previous quarter. Year-over-year, revenue increased compared to the same timeframe a year ago.
What to watch
Investors may monitor the impact of the elongated production cycle on future revenue and capital requirements.