secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0000822416-26-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PulteGroup Q1 earnings fall to $1.79 EPS; board adds $1.5B to buyback
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- Net income $347M ($1.79 EPS) vs $523M ($2.57 EPS) in Q1 2025; revenue down 12% to $3.3B.
- Home sale gross margin 24.4% vs 27.5% a year ago; average sales price $542K (-5% YoY).
- Net new orders up 3% to 8,034 homes valued at $4.6B; backlog 10,427 homes worth $6.5B.
- Board approved $1.5B increase to share repurchase authorization, bringing total to $2.1B.
- Repurchased $308M of common shares in Q1; ended quarter with $1.8B cash and 12.3% debt-to-capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241626000021/0000822416-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241626000021/phm-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000822416-26-000021

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