Oct 22, 7:28 AM ET
PulteGroup reported third-quarter 2026 net income of $476 million, or $2.53 per diluted share, down from $586 million, or $2.96 per share, a year earlier. Home sale revenues fell 9% to $3.9 billion on 9% fewer closings, and home sale gross margin narrowed to 24.8% from 26.2%. Net new orders fell 6%, while backlog rose 4% to 10,298 homes and the company repurchased $350 million of its shares.
- Diluted EPS of $2.53 versus $2.96 a year earlier; net income of $476 million versus $586 million
- Home sale revenues of $3.9 billion, down 9%; closings of 6,876 homes, down 9%
- Home sale gross margin of 24.8% versus 26.2%, including $26 million of land impairments
- Repurchased $350 million of common shares in the quarter; ended with $1.4 billion of cash and a 12% debt-to-capital ratio
Read the filing on SEC.gov ↗
Aug 12, 4:11 PM ET
PulteGroup's subsidiary Pulte Mortgage LLC entered into a Master Repurchase Agreement with Truist Bank as agent on August 11, 2026, to finance mortgage loan originations. The facility provides a maximum aggregate commitment of $625 million and expires on the earlier of August 10, 2027, or an earlier termination of the buyers' commitments. The filing describes a financing arrangement for the mortgage unit and does not state effects on PulteGroup's earnings or results.
- Agreement dated as of August 11, 2026, between Pulte Mortgage LLC and Truist Bank as agent and buyer
- Maximum aggregate commitment of $625 million, subject to certain sublimits
- Facility expires on the earlier of August 10, 2027, or termination of buyers' commitments
- Purpose is to finance origination of mortgage loans by Pulte Mortgage
Read the filing on SEC.gov ↗
Jul 22, 7:31 AM ET
PulteGroup reported second quarter 2026 results on July 22, 2026, with net income of $472 million, or $2.48 per diluted share, down from $608 million, or $3.03 per share, a year earlier. Home sale revenues fell 11% to $3.8 billion on 8% fewer closings, and home sale gross margin declined to 25.0% from 27.0%. Net new orders rose 6% to 7,536 homes, and the company repurchased $373 million of its common shares in the quarter.
- Net income of $472 million, or $2.48 per diluted share, versus $608 million, or $3.03 per share, in the prior year quarter
- Home sale revenues of $3.8 billion, down 11%, on 6,997 closings (down 8%) and an average sales price of $544,000 (down 3%)
- Home sale gross margin of 25.0%, compared with 27.0% a year earlier, and up 60 basis points from the first quarter of 2026
- Net new orders rose 6% to 7,536 homes; unit backlog of 10,966 homes was up 2%; $373 million of shares repurchased
Read the filing on SEC.gov ↗
Apr 23, 7:18 AM ET
PulteGroup reported first-quarter 2026 net income of $347 million, or $1.79 per diluted share, down from $523 million, or $2.57 per share, a year earlier. Home sale revenues fell 12% to $3.3 billion as closings dropped 7% and gross margin narrowed to 24.4% from 27.5% due to higher incentives. The board also approved a $1.5 billion increase in the share repurchase authorization, bringing the remaining authorization to $2.1 billion.
- Net new orders rose 3% to 8,034 homes valued at $4.6 billion, while the average sales price fell 5% to $542,000.
- Home sale gross margin was 24.4%, compared with 27.5% a year earlier; SG&A expense was 11.5% of home sale revenues versus 10.5%.
- The company repurchased $308 million of common shares in the quarter, and its board approved a $1.5 billion increase in the repurchase authorization effective April 22, 2026.
- Quarter-end backlog was 10,427 homes valued at $6.5 billion; debt-to-capital ratio rose to 12.3% from 11.2%.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
