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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
PulteGroup
PulteGroup
PulteGroup Revenue by Segment
Revenue by Segment
Homebuilding Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com 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