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Mar 31, 2022
PulteGroup Q1 2022 Earnings Report
Financial results for Q1 2022 were announced, featuring a net income increase and revenue growth.
Key Takeaways
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.
Net income per share increased 43% over the prior year to $1.83.
Home sale revenues increased 18% to $3.1 billion.
Home sale gross margin expanded by 350 basis points to 29.0%.
The company repurchased 10.3 million shares for $500 million.
PulteGroup
PulteGroup
PulteGroup Revenue by Segment
PulteGroup Revenue by Geographic Location
Forward Guidance
The release includes forward-looking statements that are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied.