earnings
confidence high
sentiment neutral
materiality 0.80
PulteGroup Q4 net income up 48% to $3.85 EPS; home closings up 3%, orders down 41%
PULTEGROUP INC/MI/
2022-FY EPS reported
$11.01
revenue$16,228,995,000
- Net income $882M ($3.85 EPS), up 48% YoY; adj. EPS $3.63, up 45%.
- Home sale revenues $5.1B (+20%) on 8,848 closings (+3%); avg price $571K (+17%).
- Homebuilding gross margin 28.8% (+200 bps); SG&A adj. 8.2% of revenues.
- Net new orders 3,964 homes (-41%), cancellation rate 32% vs 11% prior year.
- Repurchased 2.4M shares for $100M; debt-to-capital 18.7%.