secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000822416-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241624000014/0000822416-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241624000014/phm-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000822416-24-000014

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