secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000822416-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup Q2 net income $3.21/share; home sale revenues up 8%; new orders up 24%
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- Net income of $720M ($3.21 EPS) vs $652M ($2.73 EPS) a year ago; includes $0.21/share insurance benefit.
- Home sale revenues $4.1B (+8% YoY) on 7,518 closings (+5%) and $540k average price (+3%).
- Net new orders surged 24% to 7,947 homes valued at $4.3B; backlog 13,558 homes worth $8.2B.
- Home sale gross margin 29.6% (down 170 bps YoY, up 50 bps sequentially); SG&A 7.8% of sales.
- Repurchased 3.7M shares for $250M in Q2; quarter-end cash $1.8B, debt-to-capital 17.3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000032/0000822416-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241623000032/phm-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000822416-23-000032

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