secwatch.observer — SEC 8-K summary
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Issuer:     PULTEGROUP INC/MI/ (PHM)
CIK:        0000822416
Form:       8-K
Filed at:   2026-10-22T11:28:08+00:00
Accession:  0000822416-26-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

PulteGroup Q3 2026 EPS falls to $2.53 as closings and orders decline
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- Net income was $476 million, or $2.53 per share, versus $586 million, or $2.96 per share, in the prior-year quarter.
- Home sale revenues fell 9% to $3.9 billion on 6,876 closings; average selling price was $561,000 and gross margin was 24.8%, including $26 million of impairments.
- Net new orders totaled 6,208 homes, down 6% from 6,638, with order value of $3.5 billion; backlog rose 4% to 10,298 homes valued at $6.4 billion.
- PulteGroup repurchased 2.8 million shares for $350 million at an average $124.70; it ended with $1.4 billion cash and a 12% debt-to-capital ratio.
- CEO Ryan Marshall cited rising mortgage rates, inflation and global unrest; mortgage capture rate was 85%, up from 84%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822416/000082241626000041/0000822416-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822416/000082241626000041/phm-20261022.htm
  HTML page:      https://secwatch.observer/filing/0000822416-26-000041

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