---
schema_version: "secwatch.filing_event.v1"
accession: "0000822416-24-000014"
form_type: "8-K"
ticker: "PHM"
cik: "0000822416"
company_name: "PULTEGROUP INC/MI/"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:05:22.686080+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PulteGroup Q1 EPS $3.10, up 32%; home sale revenues record $3.8B

## Summary
- Net income $663M ($3.10 EPS) vs $532M ($2.35 EPS) in Q1 2023, up 32%.
- Home sale revenues rose 10% to $3.8B on 7,095 closings (+11%); average price $538K (-1%).
- Home sale gross margin 29.6%, up 50bps YoY and 70bps sequentially.
- Net new orders 8,379 homes (+14%); cancellation rate fell to 10% from 13%.
- Repurchased 2.3M shares for $246M; quarter-end cash $1.8B, net debt-to-capital 1.7%.

## SEC filing metadata
- accession: 0000822416-24-000014
- form_type: 8-K
- ticker: PHM
- cik: 0000822416
- company_name: PULTEGROUP INC/MI/
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/822416/000082241624000014/0000822416-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/822416/000082241624000014/phm-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000822416-24-000014
- JSON: https://secwatch.observer/filing/0000822416-24-000014.json
- Plain text: https://secwatch.observer/filing/0000822416-24-000014.txt

## Key facts
- Earnings Releases
  PULTEGROUP INC/MI/ reported first quarter ended March 31, 2024 results: revenue $3.8 billion, net income $663 million, EPS $3.10 per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $3.8 billion
  - Net income: $663 million
  - EPS: $3.10 per share
  - Result: reported results
  source text: Email: jim.zeumer@pultegroup.com PULTEGROUP, INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS • Earnings Increased 32% to $3.10 Per Share • Home Sale Revenues Increased 10% to $3.8 Billion • Closings Increased 11% to 7,095 Homes • Home Sale Gross Margin Increased 50 Basis Points to 29.6% • Net New Orders Increased 14% to 8,379 Homes • Unit Backlog of 13,430 Homes
  evidence_url: https://www.sec.gov/Archives/edgar/data/822416/000082241624000014/0000822416-24-000014-index.htm

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