earnings
confidence high
sentiment positive
materiality 0.85
PulteGroup Q4 EPS $4.43 on $4.7B revenue; Board adds $1.5B to buyback program
PULTEGROUP INC/MI/
2024-FY EPS reported
$14.69
revenue$17,946,950,000
- Net income $913M ($4.43 EPS) vs $711M ($3.28) a year ago; includes $255M pre-tax insurance benefit.
- Home closings up 6% to 8,103; average selling price $581K (+6% YoY); home sale gross margin 27.5%.
- Full-year 2024 revenue ~$18B, net income $3.1B; returned $1.4B to shareholders via repurchases and dividends.
- Repurchased $320M of shares in Q4 (2.5M shares at avg $129.90); remaining buyback authorization now $2.1B.
- Net new orders 6,167 homes in Q4, value $3.5B; year-end backlog 10,153 homes worth $6.5B.