earnings
confidence high
sentiment positive
materiality 0.80
PulteGroup Q2 EPS $3.83, up 19% YoY; revenue $4.4B, +10%; share buybacks $314M
PULTEGROUP INC/MI/
2024-Q2 EPS reported
$6.93
revenue$8,548,815,000
- Net income $809M ($3.83/sh) vs $720M ($3.21/sh) a year ago; includes $0.19/sh insurance benefit and $0.06/sh tax item.
- Home sale revenue $4.4B (+10%); closings 8,097 (+8%); ASP $549K (+2%); gross margin 29.9% (+30 bps).
- Net new orders 7,649 homes (-4% YoY); backlog 12,982 homes valued at $8.1B.
- Repurchased 2.8M shares for $314M ($113.79 avg) and completed $300M debt tender; debt-to-capital 12.8%.
- Financial services pre-tax income $63M (+36%); mortgage capture rate 86% (up from 80% last year).