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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

D.R. Horton

Installed Building Products

KB Home

Lennar

Our theme of Housing Stocks which includes the stocks of home builders, building products companies, and home improvement players, continues to outperform rising by about 30% year-to-date, well ahead of the S&P 500 which has gained about 19% over the same period.

The U.S. Housing Market Is Cooling, But Housing Stocks Are Still Worth Considering

Applied Materials

Goldman Sachs

Lam Research

Morgan Stanley

The portfolio manager can go anywhere in his asset-allocation fund—and right now, he likes home builders such as D.R. Horton and financials like Goldman Sachs and Morgan Stanley.

The Stock Market Is Pricey. 6 Stocks This Fund Manager Likes Now.

PulteGroup (PHM) reported earnings 30 days ago. What's next for the stock?

PulteGroup (PHM) Up 3% Since Last Earnings Report: Can It Continue?

Century Communities

M.D.C. Holdings

Why would you want to own stocks as boring and old-fashioned as residential construction stocks when you could own exciting, glamorous big tech stocks that all the hotshots on CNBC are always talking about? Well, because it's one of the major sectors now showing up on value investor screens.

Value Screen: 5 Residential Construction Stocks to Consider

PulteGroup (PHM) is set to boost customer experience via its recent website launch.

PulteGroup (PHM) Unveils MINE x Pulte, Focuses on Innovation

SPDR S&P Homebuilders ETF

Homebuilder stocks sell off after sentiment weakened and Home Depot disappointed with comparable sales. J.C. O'Hara of MKM Partners shares one level to watch.

As homebuilder stocks sell off, analyst lays out key level to watch

Disney

PayPal

Uber

David Tepper's Appaloosa LP disclosed late Monday that it reduced its investment in nearly all of its holdings during the second quarter, as the value of equities held by the hedge fund declined by about 31%. The value of Appaloosa's equity holdings as of June 30 was $4.83 billion, down from $6.96 billion as of March 31, even as the S&P 500 rose 8.2% during that period.

David Tepper's Appaloosa trims equity holdings, sells off Disney, PayPal stakes while adding Uber, Pulte bets

ATLANTA--(BUSINESS WIRE)--From contemporary desert homes in Arizona, to modern farmhouse designs in Texas, to breezy coastal-inspired décor in Florida, the in-house design team at PulteGroup (NYSE: PHM) professionally decorates over 425 homes each year. Now the homebuilder is making it easy for its customers to achieve a designer look in their new home. With MINE x Pulte, an online interior design service, homebuyers can buy the same furniture and décor pieces that Pulte Interiors features in i

PulteGroup Integrating Innovative Technology to Help Customers Furnish their New Home

Allstate

In a romantic partner, would you prefer good looks or intelligence?

Allstate and PulteGroup Show Value Plus Growth

AvalonBay Communities

Equity Residential

Home Depot

Lowe's

Redfin

Toll Brothers

Zillow

The housing boom should last another 12-24 months at the very least, which makes housing stocks an excellent play today. The post The Many Ways to Play Today's Housing Boom appeared first on InvestorPlace.

The Many Ways to Play Today's Housing Boom

Floor & Decor Holdings

Charts show homebuilder stocks laying the foundation for a move higher. Here's how to trade a leading industry name and sector-themed ETF.

Homebuilder Stocks Hammer Higher Despite Weaker New Home Sales

PulteGroup, Inc. (NYSE: PHM) reported second-quarter revenue growth of 29.5% year-over-year to $3.36 billion, missing the consensus of $3.51 billion. Adjusted EPS of $1.72 missed the consensus of $1.75.

Pultegroup Reports Solid Top-Line Growth In Q2, Misses On Estimates

PulteGroup (PHM) CEO, Ryan Marshall on Q2 2021 Results - Earnings Call Transcript

Higher demand on the back of lower mortgage rates helps PulteGroup (PHM) to post higher Q2 earnings and revenues.

PulteGroup (PHM) Q2 Earnings Meet, Revenues Miss, Stock Up

PulteGroup (PHM) delivered earnings and revenue surprises of 0.00% and -4.50%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

PulteGroup (PHM) Q2 Earnings Meet Estimates

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its second quarter ended June 30, 2021. For the quarter, the Company reported net income of $503 million, or $1.90 per share. Adjusted net income for the quarter was $456 million, or $1.72 per share, after excluding a $46 million pre-tax insurance benefit and a tax benefit of $12 million resulting from a change in valuation allowances associated with state net operating loss carryforwards. Prior year re

PulteGroup Reports Second Quarter 2021 Financial Results

Invitation Homes

DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH)(“Invitation Homes” or the “Company”) , the nation's premier single-family home leasing company, and PulteGroup, Inc. (NYSE: PHM), the nation's third largest homebuilder, announced today the formation of an innovative strategic relationship. As part of this relationship, Invitation Homes expects to purchase approximately 7,500 new homes over the next five years that PulteGroup will design and build expressly for this purpose. The compan

Invitation Homes & PulteGroup Form Strategic Relationship For Purchase Of Approximately 7,500 New Homes

Focus on entry-level buyers, higher deliveries and average selling price is likely to have aided PulteGroup's (PHM) Q2 revenues.

PulteGroup (PHM) to Post Q2 Earnings: Home Sales Hold Key

The housing sector has been underinvested for nearly a decade and now stretching to keep up with booming demand.

PulteGroup: A Strong Operator, Growing Market, And A Cheap Stock

PulteGroup's (PHM) Q2 earnings are likely to have benefited from solid housing demand and higher ASP.

High Prices & Deliveries to Aid PulteGroup (PHM) Q2 Earnings

PulteGroup (PHM) closed the most recent trading day at $50.92, moving -0.16% from the previous trading session.

PulteGroup (PHM) Stock Moves -0.16%: What You Should Know

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today its recognition as one of the 2021 Best Workplaces for Millennials™ by Fortune and Great Place to Work®. This is the company's first time being named to this impressive list, ranking #54. “It is an honor to be named among the Best Workplaces for Millennials, as millennials account for forty percent of our employees,” said PulteGroup Senior Vice President of Human Resources Michelle Hairston. “PulteGroup continuously strives

PulteGroup Named a Best Workplace for Millennials

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), the nation's third largest homebuilder, announced today that Tony Nason has been promoted to president of its newly established Northeast Florida division, effective July 1, 2021. Nason will have full operational and financial responsibility for PulteGroup's homebuilding activities in the Jacksonville market. Prior to being named division president, Nason served as vice president of operations overseeing Jacksonville and as vice president

PulteGroup Names Tony Nason President of New Northeast Florida Division

PulteGroup (PHM) closed at $53.16 in the latest trading session, marking a -0.13% move from the prior day.

PulteGroup (PHM) Stock Sinks As Market Gains: What You Should Know

The PulteGroup Inc. ( PHM , Financial) declares on its website that its objective is to deliver high returns on invested capital and equity, leading to long-term shareholder value. That, it says, is captured in its capital allocation priorities:

News for PulteGroup Stock (PHM)