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| Pulte Homes Announces Record First Quarter Results Pulte Homes, Inc. announced record financial results for its first quarter ended March 31, 2006. First quarter income from continuing operations was a record $262.6 million, an increase of 21% over prior year first quarter income of $217.5 million. First quarter earnings from continuing operations of $1.01 per diluted share represents an increase of 22% over prior year earnings from continuing operations of $.83 per diluted share. For the quarter, Pulte's consolidated revenues were $3 billion, an increase of 18% over prior year revenues of $2.5 billion. First quarter revenues from homebuilding settlements increased 17% to $2.9 billion. First quarter homebuilding pretax income increased 5% to $377.6 million, compared with prior year first quarter homebuilding pretax income of $359.6 million. Subsequent to the close of Pulte's first quarter, the Company also announced that Standard & Poor's Ratings Services raised its corporate credit rating on Pulte Homes' senior notes to 'BBB' from 'BBB-'. write your comments about the article :: © 2006 Construction News :: home page |