secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000822416-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup Q1 EPS $1.83 beats prior adjusted $1.28; home sale revenue up 18% to $3.1B
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- Net income of $1.83/share, up 43% from prior-year adjusted $1.28; GAAP prior-year $1.13.
- Home sale revenues $3.1B (+18% YoY); closings 6,039 homes (flat); avg price $508K (+18%).
- Home sale gross margin 29.0%, up 350 bps YoY and 220 bps from Q4 2021.
- Net new orders down 19% to 7,971 homes; backlog 19,935 homes valued at $11.5B.
- Repurchased 10.3M shares (4% of outstanding) for $500M; Moody's upgraded rating to Baa2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241622000016/0000822416-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241622000016/phm-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000822416-22-000016

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