earnings
confidence high
sentiment positive
materiality 0.80
PulteGroup Q4 EPS $2.61 (+61%); authorizes $1.0B buyback increase
PULTEGROUP INC/MI/
2021-FY EPS reported
$7.43
revenue$13,926,882,000
- Q4 net income $663M ($2.61 EPS) vs $438M ($1.62) YoY; adjusted EPS $2.51 (+64%).
- Home sale revenues $4.2B (+38%) on 8,611 closings (+26%); gross margin 26.8% (+180 bps).
- Net new orders 6,769 homes (-4% YoY); backlog 18,003 homes valued at $9.9B (+45%).
- Board approved $1.0B increase to share repurchase authorization; $458M remained available.
- Debt-to-capital ratio 21.3% (down from 29.5%); new target range 20%-30% (was 30%-40%).