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VeriSign: Q3 Earnings Snapshot – WTOP News
Valero said refining throughput hit 3 million barrels a day and ethanol production reached a quarterly record as the company kept cash above its target range.
On Thursday, October 22, 2026, PulteGroup Inc. reported third-quarter net income of $475.7 million, with revenue falling 9% to $3.9 billion amid challenging market conditions.
Rising interest rates and waning consumer confidence significantly impacted sales, with traffic to PulteGroup's communities falling 14% year over year, particularly among first-time buyers.
Despite market headwinds, PulteGroup maintained a 24.8% gross margin and returned $350 million to shareholders through stock repurchases, including $26 million in land impairment charges.
Management expects to close between 7,000 and 7,500 homes in the fourth quarter, with average sales prices projected between $550,000 and $560,000.
PulteGroup plans to transition to a 60% build-to-order and 40% spec mix by 2027 while maintaining a 3% net debt-to-capital ratio for financial flexibility.