The company reported net income of $608 million and diluted earnings per share of $3.03 for Q2 (ended June 30). It said net income in the prior-year period was $809 million, or $3.83 per share, and included a $52 million pre-tax insurance benefit.

1. 01

   The company reported net income of $608 million and diluted earnings per share of $3.03 for Q2 (ended June 30). It said net income in the prior-year period was $809 million, or $3.83 per share, and included a $52 million pre-tax insurance benefit.

2. 02

   PulteGroup said home sale revenues for Q2 fell 4% from a year earlier to $4.3 billion. Closings declined 6% to 7,639 homes, while the average sales price rose 2% to $559,000.

3. 03

   The company said its home sale gross margin for Q2 was 27.0%, down from 29.9% a year earlier, but in line with its previously provided guidance range. Net new orders were 7,083 homes, down 7%, with a value of $3.9 billion.

4. 04

   The company repurchased 3.0 million shares for $300 million in Q2. It ended the quarter with $1.3 billion in cash, and its debt-to-capital ratio was 11.4%. Cumulative share repurchases for the first half were 5.8 million shares, or $600 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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