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Mar 31, 2023
PulteGroup Q1 2023 Earnings Report
PulteGroup's financial performance for Q1 2023 showed strong growth and profitability.
Key Takeaways
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.
Net income increased 28% to $2.35 per share.
Home sale revenues increased 15% to $3.5 billion.
Closings increased 6% to 6,394 homes, with the average sales price increasing 9% to $545,000.
The company's unit backlog was 13,129 homes, valued at $8.0 billion.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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