secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000822416-22-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup Q3 EPS $2.69 (+48%), revenue $3.8B (+16%) but new orders down 28%; COO succession
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- Q3 EPS of $2.69 (+48% YoY); net income $628M; home sale revenues $3.8B (+16%).
- Homebuilding gross margin 30.1% (+360 bps); SG&A 9.1% of revenues (down from 9.6%).
- Net new orders 4,924 homes (-28% YoY); cancelation rate 24% (up from 10% prior year).
- Wrote off $24M in land deposits after terminating underperforming options; debt-to-capital 22.5%.
- COO John Chadwick to retire Apr 2023; Brandon Jones promoted to EVP/COO effective Jan 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241622000048/0000822416-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241622000048/phm-20221024.htm
  HTML page:      https://secwatch.observer/filing/0000822416-22-000048

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