secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000822416-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup Q4 net income up 48% to $3.85 EPS; home closings up 3%, orders down 41%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000003/0000822416-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000003/phm-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000822416-23-000003

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