secwatch.observer — SEC 8-K summary
======================================

Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000822416-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000014/0000822416-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000014/phm-20230424.htm
  HTML page:      https://secwatch.observer/filing/0000822416-23-000014

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