---
schema_version: "secwatch.filing_event.v1"
accession: "0000822416-23-000014"
form_type: "8-K"
ticker: "PHM"
cik: "0000822416"
company_name: "PULTEGROUP INC/MI/"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:47:51.333489+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PulteGroup Q1 net income +28% to $2.35 EPS; authorizes $1B share repurchase increase

## Summary
- Net income $532M ($2.35 EPS) vs. $455M ($1.83 EPS) in prior year; EPS up 28%.
- Home sale revenues $3.5B (+15% YoY); closings 6,394 (+6%); avg price $545,000 (+9%).
- Home sale gross margin 29.1% (vs. 29.3%); operating margin 19.5% (vs. 18.5%).
- Net new orders 7,354 homes (-8%), backlog $8.0B at quarter-end.
- Board approved $1.0B increase in share repurchase authorization; total now $1.2B.

## SEC filing metadata
- accession: 0000822416-23-000014
- form_type: 8-K
- ticker: PHM
- cik: 0000822416
- company_name: PULTEGROUP INC/MI/
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/822416/000082241623000014/0000822416-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/822416/000082241623000014/phm-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000822416-23-000014
- JSON: https://secwatch.observer/filing/0000822416-23-000014.json
- Plain text: https://secwatch.observer/filing/0000822416-23-000014.txt

## Key facts
- Earnings Releases
  PULTEGROUP INC/MI/ reported first quarter ended March 31, 2023 results: revenue $3.5 billion, net income $532 million, EPS $2.35 per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $3.5 billion
  - Net income: $532 million
  - EPS: $2.35 per share
  - Result: reported results
  source text: PULTEGROUP, INC. REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS • Net Income Increased 28% to $2.35 Per Share • Home Sale Revenues Increased 15% to $3.5 Billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/822416/000082241623000014/0000822416-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.