secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000822416-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup Q2 EPS $3.83, up 19% YoY; revenue $4.4B, +10%; share buybacks $314M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241624000026/0000822416-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241624000026/phm-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000822416-24-000026

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