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Pulte Homes reports 4Q 2009 results

Pulte Homes, one of America's largest home building companies, announced financial results for its fourth quarter and full year ended December 31, 2009. For the quarter, the company reported a net loss of $117 million, or $0.31 per share. For the comparable period in 2008, Pulte Homes reported a net loss of $338 million, or $1.33 per share. Consolidated revenue for the quarter was $1.7 billion, compared with prior year revenue of $1.6 billion.

For the 12 months ended December 31, 2009, Pulte Homes' net loss was $1.2 billion, or $3.75 per share, compared with a net loss of $1.5 billion, or $5.81 per share, for the prior year period. Consolidated revenue for 2009 was $4.1 billion, compared with $6.3 billion for 2008. Reported 2009 financial results reflect the company's merger with Centex Corporation that closed on August 18, 2009. Reported results are inclusive of Centex for the period from August 19, 2009 through December 31, 2009. Prior year results have not been adjusted for the merger.



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