Earnings summaries and quarterly performance for PULTEGROUP INC/MI/.
Executive leadership at PULTEGROUP INC/MI/.
Ryan R. Marshall
President and Chief Executive Officer
James L. Ossowski
Executive Vice President and Chief Financial Officer
Kevin A. Henry
Executive Vice President and Chief People Officer
Matthew Koart
Executive Vice President and Chief Operating Officer
Todd N. Sheldon
Executive Vice President, General Counsel and Corporate Secretary
Board of directors at PULTEGROUP INC/MI/.
André J. Hawaux
Director
Brian P. Anderson
Director
Bryce Blair
Director
Cheryl W. Grisé
Director
John R. Peshkin
Director
Kristen Actis-Grande
Director
Lila Snyder
Director
Scott F. Powers
Director
Thomas J. Folliard
Non-Executive Chairman of the Board
Research analysts who have asked questions during PULTEGROUP INC/MI/ earnings calls.
John Lovallo
UBS Group AG
6 questions for PHM
Michael Rehaut
JPMorgan Chase & Co.
6 questions for PHM
Stephen Kim
Evercore ISI
6 questions for PHM
Alan Ratner
Zelman & Associates
5 questions for PHM
Anthony Pettinari
Citigroup Inc.
4 questions for PHM
Kenneth Zener
Seaport Research Partners
4 questions for PHM
Matthew Bouley
Barclays PLC
4 questions for PHM
Carl Reichardt
BTIG, LLC
3 questions for PHM
Mike Dahl
RBC Capital Markets
3 questions for PHM
Rafe Jadrosich
Bank of America
3 questions for PHM
Sam Reid
Wells Fargo
3 questions for PHM
Susan Maklari
Goldman Sachs Group Inc.
3 questions for PHM
Matthew Bouley
Barclays
2 questions for PHM
Michael Dahl
RBC Capital Markets
2 questions for PHM
Trevor Allinson
Wolfe Research, LLC
2 questions for PHM
Buck Horne
Raymond James Financial, Inc.
1 question for PHM
Christopher Kalata
RBC Capital Markets
1 question for PHM
Ivy Lynne Zelman
Zelman & Associates
1 question for PHM
Jay McCanless
Wedbush Securities
1 question for PHM
Paul Przybylski
Wolfe Research, LLC
1 question for PHM
Rafe Chadrosic
Bank of America
1 question for PHM
Richard Reid
Wells Fargo & Company
1 question for PHM
Recent press releases and 8-K filings for PHM.
- PulteGroup reported TTM ended 9/30/25 ROE of 21%, land & development spend of $5.3 B, cash from operations of $1.7 B, and returned $1.4 B to shareholders.
- It operates 968 active communities across 26 states (47 markets), has delivered ~30 K homes TTM, with ASP $569 K and home sales gross margin 27%.
- The strategy emphasizes disciplined land underwriting (42% owned, 58% optioned lots), integrated design/build processes, and data-driven market segmentation for risk-adjusted returns.
- The balance sheet remains strong with $1.5 B cash, $12.8 B equity and an 11.2% debt-to-capital ratio as of 9/30/25.
- Home sale revenue of $4.2 billion, operating margin 16.8% and EPS $2.96; Q3 closings were 7,529 homes (-5% y/y) at an ASP of $564,000 (+3%).
- Net new orders totaled 6,638 homes (-6% y/y), with an absorption pace of 2.2 homes/month vs. 2.4 a year ago; backlog stood at 9,888 homes valued at $6.2 billion.
- Gross margin was 26.2% (up 80 bp sequentially), including incentives of 8.9% of sales price (vs. 7.0% in Q3 2024); build costs remained $79/sq ft.
- Q4 guidance: closings of 7,200–7,600 homes; full‐year closings of ~29,000–29,400; ASP of $560,000–$570,000; gross margin of 25.5%–26.0%.
- Regional trends: stronger demand in the Midwest, Northeast and Southeast (Florida orders +2%), softer in Texas and Western markets; spec homes were ~49% of production.
- Reported net income of $586 million (-16% YoY) and EPS of $2.96, on home sale revenues of $4.248 billion (-2% YoY); Q3 closings were 7,529 homes (-5% YoY) with average sales price of $564,000 (+3% YoY).
- Gross margin declined 260 bps YoY to 26.2%, driven by higher incentives (8.9% of revenues) and increased lot costs; SG&A remained at 9.4% of home sale revenues.
- Returned capital with $300 million of share repurchases in Q3 (YTD $900 million), ending the quarter with $1.48 billion in cash and a debt-to-capital ratio of 11.2%.
- Provided Q4 2025 guidance of 7,200–7,600 closings and average sales price of $560K–$570K.
- PulteGroup reported Q3 home sale revenues of $4.2 billion, a 26.2% gross margin, 16.8% operating margin, and EPS of $2.96; net income was $568 million and TTM ROE reached 21%
- Q3 net new orders totaled 6,638 homes (down 6% YoY), with an absorption pace of 2.2 homes/month; backlog stood at 9,888 homes valued at $6.2 billion
- The active adult segment saw net new orders rise 7% YoY, comprising 24% of all Q3 orders
- For Q4, the company guides 7,200–7,600 home closings, ASP of $560,000–$570,000, and gross margins of 25.5%–26.0%, targeting full-year closings of 29,000–29,400 homes
- In Q3, PulteGroup repurchased 2.4 million shares for $300 million, reducing diluted shares by 5% YoY
- PulteGroup generated Q3 home sale revenue of $4.2 billion on 7,529 closings at an average selling price of $564,000, with net new orders totaling 6,638 homes, ending the quarter with a backlog of 9,888 homes valued at $6.2 billion.
- Reported Q3 gross margin of 26.2%, with incentives at 8.9% of gross sales price and SG&A expense of 9.4% of home sale revenue.
- Achieved net income of $568 million (EPS $2.96) and delivered a trailing twelve-month return on equity of 21%.
- Q4 guidance includes expected closings of 7,200–7,600 homes, average sales price of $560,000–$570,000, and gross margin of 25.5%–26%.
- Maintained 15,096 homes in production (49% spec), controlled ~240,000 lots with $1.5 billion cash on hand and net debt to capital of 1.1%, after repurchasing 8.2 million shares for $900 million YTD.
- PulteGroup posted net income of $586 million, or $2.96 diluted EPS, versus $698 million, or $3.35 EPS in Q3 2024.
- Home sale revenues totaled $4.2 billion from 7,529 closings (down 2% and 5% YoY), with a gross margin of 26.2% (vs. 28.8% in Q3 2024).
- Net new orders reached 6,638 homes valued at $3.6 billion; backlog stood at 9,888 homes worth $6.2 billion at quarter-end.
- Repurchased $300 million of common shares; returned $344 million to shareholders via dividends and buybacks; ended with $1.5 billion cash and an 11.2% debt-to-capital ratio.
- Net income of $586 million and EPS of $2.96 for Q3 2025 versus $698 million and $3.35 in Q3 2024.
- Home sale revenues of $4.2 billion from 7,529 closings, with a gross margin of 26.2%.
- Net new orders of 6,638 homes valued at $3.6 billion; backlog of 9,888 homes worth $6.2 billion at quarter-end.
- Returned $344 million to shareholders through $300 million in share repurchases and dividends; ended the quarter with $1.5 billion cash and an 11.2% debt-to-capital ratio.
- Nvidia shares fell for four consecutive days, erasing $286 billion in market cap and sliding below the 50-day moving average amid seasonal weakness and rising yields.
- Macy’s reported slight same-store sales growth and Q2 earnings that beat analyst estimates, suggesting consumer spending pressures are not derailing profitability.
- Global bond yields are climbing, with the US 30-year Treasury nearing 5%, the UK 30-year at 5.75%, and Japan’s long-dated yields at multidecade highs, intensifying volatility for equities.
- PulteGroup filed an 8-K on June 3, 2025 reporting the elimination of its Series A Junior Participating Preferred Shares, effective June 2, 2025.
- The filing confirms that no Series A Preferred Shares are outstanding and removes them from the company's Restated Articles of Incorporation.
- The document includes a Certificate of Elimination (Exhibit 3.1) and was signed by Executive Vice President, General Counsel and Corporate Secretary Todd N. Sheldon.
- PulteGroup delivered Q1 2025 net income of $523 million with EPS of $2.57 after adjusting for non-recurring items
- Home sale revenues reached $3.7B with 6,583 homes closed and an increased average sales price of $570K
- The company secured 7,765 net new orders and maintains a backlog of 11,335 homes valued at $7.2B
- Management provided updated guidance, expecting 7,400-7,800 Q2 closings and a full-year target of 29,000-30,000 homes amid evolving market conditions
- Executed a $300M share repurchase by buying back 2.8 million shares
- Ended Q1 with a robust balance sheet, holding $1.3B in cash and a debt-to-capital ratio of 11.7%
- Continued focus on high-return buyer segments, strategic reduction of spec inventory, and managing escalating costs including tariff impacts of 1% on average selling price
Quarterly earnings call transcripts for PULTEGROUP INC/MI/.
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