PulteGroup

PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PulteGroup achieves record Q4 earnings, focuses on strategic pricing

PulteGroup's strong financial performance in Q4 2022 reflects its resilience in the face of market challenges. With a focus on steady production volume, strategic pricing, and operational adaptability, the company remains optimistic about its future prospects. Managing affordability, optimizing production efficiency, and addressing market dynamics will be key focus areas for PulteGroup moving forward.

PulteGroup excels in Q1, faces margin pressure in Q2

PulteGroup's strong Q1 performance reflects effective cost management and strategic focus on spec homes.
Challenges include potential margin contraction in Q2 and decline in net new orders.
Opportunities lie in improving market conditions, leveraging liquidity, and strong entry-level demand.

PulteGroup reports record Q2 earnings, eyes growth in land market

PulteGroup's strong financial performance in Q2 2023 underscores operational excellence and prudent financial management. Despite supply chain challenges and modest price increases, the company maintains a solid financial position with a focus on efficiency and disciplined underwriting. Opportunities in the land market and Florida market growth offer avenues for further expansion.

PulteGroup excels in Q3 with record earnings and strategic investments

PulteGroup's Q3 performance reflects strong growth, efficient operations, and strategic investments. While challenges in maintaining margins and addressing affordability persist, the company's adaptability and focus on market dynamics position it well for future opportunities.

PulteGroup reports record revenues and plans for growth in 2024

PulteGroup's strong financial performance in 2023 was driven by record revenues, increased earnings per share, and robust new order growth. Despite challenges like affordability issues and cost inflation, the company is strategically positioned to capitalize on growth opportunities and operational efficiencies in 2024. By addressing affordability concerns and focusing on cycle time improvements, PulteGroup aims to sustain its momentum.

PulteGroup achieves record Q1 results, eyes strategic growth opportunities

PulteGroup's strong performance in Q1 2024 was driven by record revenues, increased margins, and strategic decisions.
While facing challenges like affordability and cost pressures, the company is leveraging opportunities in investments and market strategies.
Maintaining a focus on efficiency and growth avenues positions PulteGroup well for the future amidst a dynamic market environment.

PulteGroup reports 19% earnings growth, focuses on efficiency and growth

PulteGroup delivered a strong Q2 performance with notable increases in earnings, gross margin, and closings, despite facing challenges in market demand and competitive conditions in certain regions.
Strategic initiatives like managing price, pace, and starts, along with increasing third-party land vendors, present opportunities for growth and efficiency improvements.
The company's financial services operations also showed robust growth, contributing to overall positive financial results.
CFO succession plans were announced, ensuring a smooth transition and continuity in financial leadership.

PulteGroup reports robust Q3 earnings amidst margin challenges and growth opportunities

PulteGroup's Q3 performance reflects strong earnings growth and strategic initiatives to address market demand and enhance operational efficiency.
While facing challenges such as margin pressures and buyer confidence fluctuations, the company remains focused on meeting closing targets and driving revenue growth.
Opportunities lie in achieving closing targets, improving margins, and optimizing operations to capitalize on market demand and drive profitability.

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PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment is composed of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

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The headline numbers for PulteGroup (PHM) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PulteGroup (PHM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) was named one of the nation's Best Workplaces for Women™ for the fourth straight year by Great Place To Work® and Fortune®, the company announced today. PulteGroup, one of the country's largest homebuilders, earned the #84 spot on the 2023 list. “PulteGroup is honored to be a place where women can build rewarding careers while breaking barriers in what has traditionally been a male-dominated industry. We are proud to see their vital contrib.

PulteGroup Ranked #84 on 2023 Best Workplaces for Women™ List

PulteGroup's (PHM) third-quarter results reflect higher home prices and orders.

PulteGroup (PHM) Q3 Earnings Beat, Revenues Lag, Orders Up

PulteGroup Inc. (NYSE:PHM ) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Ryan Marshall - President, Chief Executive Officer Robert O'Shaughnessy - Executive Vice President, Chief Financial Officer James Zeumer - Vice President, Investor Relations and Corporate Communications Conference Call Participants Carl Reichardt - BTIG Matthew Bouley - Barclays Michael Rehaut - JP Morgan Joe Ahlersmeyer - Deutsche Bank Stephen Kim - Evercore ISI Ken Zener - Seaport Research Partners John Lovallo - UBS Michael Dahl - RBC Capital Markets Alan Ratner - Zelman and Associates Truman Patterson - Wolfe Research Operator Ladies and gentlemen, good morning. My name is Abbie and I will be your conference operator today.

PulteGroup (PHM) Q3 2023 Earnings Call Transcript

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PulteGroup (PHM) came out with quarterly earnings of $2.90 per share, beating the Zacks Consensus Estimate of $2.78 per share. This compares to earnings of $2.69 per share a year ago.

PulteGroup (PHM) Tops Q3 Earnings Estimates

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its third quarter ended September 30, 2023. For the quarter, the Company reported net income of $639 million, or $2.90 per share. In the prior year period, the Company reported net income of $628 million, or $2.69 per share. “PulteGroup's third quarter results show a continuation of recent positive trends, as top line revenue growth combined with strong margin performance drove record third quarter earn.

PulteGroup Reports Third Quarter 2023 Financial Results

Higher deliveries and low ASP are likely to have aided PulteGroup's (PHM) Q3 results for its Homebuilding segment. Yet, tough year-over-year comparisons owing to rising rates are risks.

PulteGroup (PHM) Home Sales to Grow Y/Y in Q3 Earnings

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Homebuilder PulteGroup (PHM) is likely to report on Oct 24.

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PulteGroup's (PHM) Q3 earnings are likely to have benefited from higher deliveries. However, rising rates, higher costs and uncertain economies may have been a risk.

PulteGroup (PHM) Gears Up for Q3 Earnings: What's in Store?

Pultegroup Inc (NYSE:PHM) stock has moved choppily lower since its mid-August record highs, though lately it appears to have found a floor at the $70 level.

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Homebuilders as a group were trading lower following the U.S. Census Bureau's report that more single-family homes were built in September than in August.

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HOUSTON--(BUSINESS WIRE)--In its tenth year of providing mortgage-free homes to deserving veterans and their families, PulteGroup's Built to Honor® program has delivered its 80th home in Houston, Texas. The milestone home was awarded to U.S. Air Force Staff Sergeant and Bronze Star recipient Jonathan Olds in Pulte Homes' Mavera community in Conroe. “Staff Sergeant Olds honorably served our country, and it was our privilege to build this home for him and his family as they embark on the next cha.

PulteGroup's 80th Built to Honor® Home Awarded to U.S. Air Force Veteran in Houston

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Builder confidence in October takes a hit as mortgage rates soar to a 23-year high.

Builder Confidence Wanes Amid Rising Mortgage Rates

PulteGroup (PHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PulteGroup (PHM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Shares of homebuilders were taking a broad beating Friday, after the stronger-than-expected jobs data sent Treasury yields to fresh 16-year highs, making new homes less affordable. The iShares U.S. Home Construction ETF ITB, -0.75% sank 1.2% toward a four-month low, with 43 of 46 components losing ground.

Homebuilder stocks take a broad beating after jobs data sends Treasury yields to fresh 16-year highs

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Construction spending is steadily rebounding to normal, aided by investments in housing projects, which is helping stocks like Toll Brothers Inc. (TOL), M.D.C. Holdings, Inc. (MDC), NVR, Inc. (NVR) and PulteGroup (PHM).

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The numbers: Sales of newly built homes in the U.S. fell in August as interest rates and home prices stayed elevated, dampening buyer demand.

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News for PulteGroup Stock (PHM)