secwatch.observer — SEC 8-K summary
======================================

Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2021-09-08T23:59:59+00:00
Accession:  0000822416-21-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup cuts Q3 closing guidance to 7,000 homes (+8% YoY) on supply chain disruptions
--------------------------------------------------------------------------------

- Q3 closings expected ~7,000 homes, up 8% YoY; full year 29,250-29,750 homes, up 19-21%.
- Q3 gross margin guided to 26.4%-26.6%; SG&A at 9.9% of home sale revenues.
- Average Q3 community count down ~15% YoY; year-end down 5-10% from last year.
- CEO cites increased shortages of building products impacting closing pace amid strong buyer demand.
- Company reports updated guidance ahead of investor conferences; full Q3 results due Oct 26, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241621000034/0000822416-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241621000034/phm-20210908.htm
  HTML page:      https://secwatch.observer/filing/0000822416-21-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer