Sep 30, 2024

PulteGroup Q3 2024 Earnings Report

Earnings increased driven by successful execution of balanced operating model and increased home closings.

Key Takeaways

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.

Earnings Increased 16% to $3.35 Per Share

Closings Increased 12% to 7,924

Home Sale Revenues Increased 12% to $4.3 Billion

Repurchased $320 Million of Common Shares

Total Revenue
$4.48B
Previous year: $4B
+11.8%
EPS
$3.35
Previous year: $2.9
+15.5%
Total Closings Units
7.92K
Previous year: 7.08K
+12.0%
Total Avg Selling Price
$548K
Previous year: $549K
-0.2%
Total Backlog Units
12.09K
Previous year: 13.55K
-10.8%
Gross Profit
$1.3B
Previous year: $1.15B
+12.9%
Cash and Equivalents
$1.4B
Previous year: $1.85B
-24.4%
Free Cash Flow
$414M
Previous year: $435M
-5.0%
Total Assets
$17B
Previous year: $15.7B
+7.9%

PulteGroup

PulteGroup

PulteGroup Revenue by Segment

Forward Guidance

Given our strong third quarter and nine-month financial results, we are well positioned to deliver a record year of earnings for the Company.