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Jun 30, 2024
PulteGroup Q2 2024 Earnings Report
Earnings increased due to increases in closings, average sales price and gross margin.
Key Takeaways
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.
Earnings increased 19% to $3.83 Per Share
Home Sale Revenues Increased 10% to $4.4 Billion
Closings Increased 8% to 8,097 Homes; Average Sales Price Increased 2% to $549,000
Repurchased $314 Million of Common Shares and $300 Million of Senior Notes in the Quarter
Revenue by Segment
Forward Guidance
While interest rate movements can impact short-term homebuying demand, long-term market dynamics continue to benefit from a structural shortage of homes caused by years of underbuilding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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