PulteGroup Earnings Reports

PulteGroup's Q4 2024 saw a 13% increase in home sale revenues to $4.7 billion, driven by a 6% increase in closings to 8,103 homes. Net income was reported at $913 million, or $4.43 per share, including a pre-tax insurance benefit of $255 million, or $0.93 per share. The company repurchased 2.5 million common shares for $320 million and announced a $1.5 billion increase to its share repurchase authorization.

PulteGroup reported a strong third quarter with a 16% increase in earnings per share to $3.35. Home sale revenues increased by 12% to $4.3 billion, driven by a 12% increase in home closings. The company invested $1.4 billion into its business and returned over $360 million to shareholders.

PulteGroup reported a strong second quarter with earnings increasing by 19% to $3.83 per share. Home sale revenues increased by 10% to $4.4 billion, driven by an 8% increase in closings and a 2% increase in average sales price. The company also repurchased $314 million of common shares and $300 million of senior notes.

PulteGroup reported strong Q1 2024 financial results, including record home sale revenues, gross margins, and earnings per share. Net income increased by 32% to $3.10 per share, and home sale revenues rose by 10% to $3.8 billion. The company benefited from favorable demand conditions and a balanced operating model.

PulteGroup reported a net income of $3.28 per share for Q4 2023. Net new orders increased by 57% to 6,214 homes, while closings decreased to 7,615 homes, resulting in home sale revenues of $4.2 billion. The company's backlog stands at 12,146 homes with a value of $7.3 billion. They repurchased 3.6 million common shares for $300 million and ended the year with $1.8 billion in cash.

PulteGroup reported an 8% increase in net income to $2.90 per share for Q3 2023. Home sale revenues increased by 3% to $3.9 billion, driven by a 2% increase in the average sales price. Net new orders surged by 43% to 7,065 homes, with a value of $3.8 billion.

PulteGroup reported strong second-quarter results, with net income of $3.21 per share. Home sale revenues increased by 8% to $4.1 billion, driven by higher closings and average sales prices. Net new orders also saw a significant increase of 24%, reflecting strong demand for new homes.

PulteGroup reported a strong first quarter in 2023, with net income increasing by 28% to $2.35 per share. Home sale revenues rose by 15% to $3.5 billion, driven by a 6% increase in closings and a 9% increase in average sales price. The company also increased its share repurchase authorization by $1.0 billion, reflecting its financial strength and commitment to returning capital to shareholders.

PulteGroup reported a strong fourth quarter with net income increasing 48% to $3.85 per share and adjusted net income increasing 45% to $3.63 per share. Closings increased 3% to 8,848 homes, and home sale revenues increased 20% to $5.1 billion. The homebuilding gross margin increased 200 basis points to 28.8%.

PulteGroup reported a 16% increase in home sale revenues, reaching $3.8 billion, and a 48% increase in earnings per share to $2.69. The company's operating margin expanded by 410 basis points. However, net new orders decreased by 28% due to higher interest rates impacting demand.

PulteGroup reported strong Q2 2022 results with a net income of $2.73 per share, a 59% increase over the prior year. Home sale revenues increased by 18% to $3.8 billion, and the home sale gross margin increased by 430 basis points to 30.9%.

PulteGroup reported a strong first quarter in 2022, with net income increasing by 43% to $1.83 per share. Home sale revenues rose by 18% to $3.1 billion, driven by an increase in average sales price. The company also executed a significant share repurchase program.

PulteGroup reported a strong fourth quarter in 2021, with net income increasing by 61% to $2.61 per share. Home sale revenues rose by 38% to $4.2 billion, driven by a 26% increase in closings and a 10% increase in average sales price. The company also saw a significant increase in homebuilding gross margin and a 19% increase in unit backlog.

PulteGroup reported a strong third quarter in 2021, with net income of $1.82 per share, up 36% over the prior year. Home sale revenues increased by 18% to $3.3 billion, driven by a 9% increase in closings and an 8% increase in average selling price. The company invested $1.1 billion in land acquisition and development and returned $261 million to shareholders through share repurchases.

PulteGroup reported outstanding second quarter financial results with a 270-basis point increase in gross margin. Net income was $1.90 per share, and adjusted net income was $1.72 per share. The company saw increases in net new orders, closings, home sale revenues, and backlog.

PulteGroup reported a strong start to the year, with a 31% increase in net new orders and a 12% increase in closings. The company's adjusted earnings per share increased by 60%, driven by gains in core homebuilding operations and strong cash flows.

PulteGroup reported a strong fourth quarter with net income of $1.62 per share. Net new orders increased 24% and home sale revenues increased 5%. The company's backlog grew 44% to 15,158 homes.

PulteGroup reported a net income of $416 million, or $1.54 per share, for the third quarter of 2020. Adjusted net income increased 33% to $1.34 per share. Net new orders increased 36% to 8,202 homes, and home sale revenues increased 7% to $2.8 billion.

PulteGroup reported a strong second quarter with a 3% increase in home sale revenues to $2.5 billion and net income of $349 million, or $1.29 per share. The company benefited from a recovery in new home sales driven by low interest rates and a restricted supply of existing homes. They also repaid $700 million on its revolving credit facility, leaving $1.7 billion in cash.

PulteGroup reported a strong first quarter with increased closings, home sale revenues, and net income, but the company withdrew its full-year guidance due to the uncertainty caused by the COVID-19 pandemic.

PulteGroup reported strong Q4 2019 results, with net income at $1.22 per share and adjusted net income at $1.14 per share. Net new orders increased by 33%, and closings increased by 2%. The company's backlog also saw substantial growth, and they acquired Innovative Construction Group to enhance production efficiency.