PulteGroup (PHM) Revenue — Quarter Ended Sep 30, 2023
Revenue decreased from the preceding quarter. However, it rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue decreased from the preceding quarter. However, it rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.8B
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 |
|---|---|---|
| Dec 31, 2022 | $5.1B | +21.8% |
| Mar 31, 2023 | $3.6B | +13.5% |
| Jun 30, 2023 | $4.2B | +8.0% |
| Sep 30, 2023 | $4B | +2.8% |
Revenue performance
Revenue for the reporting quarter was lower than the immediately prior period. The company's filing context discusses an elongation of production cycles requiring a greater investment of capital.
Quarterly comparison
Sequentially, revenue contracted. Year-over-year, revenue improved.
What to watch
Monitor the impact of extended production timelines on future revenue trends.