Every material Form 8-K PulteGroup has filed with the SEC since July 23, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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
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%.
PulteGroup completed an underwritten public offering of $800.0 million in senior unsecured notes on February 20, 2026, split evenly between 4.250% notes due 2031 and 4.900% notes due 2036. The notes are guaranteed by the company's wholly-owned U.S. subsidiaries that guarantee its revolving credit facility, which adds to the company's long-term debt obligations.
Total offering of $800.0 million: $400.0 million of 4.250% Senior Notes due March 1, 2031 and $400.0 million of 4.900% Senior Notes due March 1, 2036
Interest paid semi-annually on March 1 and September 1, beginning September 1, 2026
Notes issued under an indenture with U.S. Bank Trust Company, National Association, as trustee, and carry a 101% change of control repurchase offer and covenants limiting secured debt and sale-leasebacks
PulteGroup appointed Kristin Gannon, a Managing Director at Eastdil Secured, as an independent director, effective February 10, 2026, increasing the Board to 11 members. She will also serve on the Audit and Nominating and Governance Committees. The filing reports no financial results, and the board change is an administrative governance step rather than a change in company operations.
Board increased to 11 members; Kristin Gannon appointed effective February 10, 2026, to serve until the 2026 annual meeting
Gannon is designated independent under NYSE listing standards and joins the Audit and Nominating and Governance Committees
Gannon previously held senior investment banking roles at Goldman Sachs and Morgan Stanley and has advised on more than $150 billion in real estate transactions, per the press release
As a non-employee director, she will receive compensation described in the 2025 proxy statement, prorated from her appointment date
PulteGroup reported fourth quarter 2025 results with diluted earnings of $2.56 per share and net income of $502 million, down from $4.43 and $913 million a year earlier. Home sale revenues fell 5% to $4.5 billion, and the prior-year quarter included a $255 million insurance benefit, so the comparison is weaker than the operating figures alone suggest. The filing gives no guidance for 2026.
Diluted EPS was $2.56 versus $4.43 in the prior-year quarter; the quarter included an $81 million charge tied to the intended divestiture of certain manufacturing assets.
Home sale revenues were $4.5 billion, down 5%, on 7,821 closings, down 3%.
Net new orders rose 4% to 6,428 homes, while the value of orders was $3.5 billion, comparable with a year earlier.
The company repurchased $300 million of common shares in the quarter and $1.2 billion for the full year 2025.
PulteGroup reported third-quarter 2025 results with diluted earnings of $2.96 per share, down from $3.35 a year earlier, and net income of $586 million, down from $698 million. Lower closings and a lower home sale gross margin drove the decline, and the company repurchased $300 million of its shares during the quarter.
Diluted EPS was $2.96 versus $3.35 a year earlier; net income was $586 million versus $698 million.
Home sale revenues were $4.2 billion, down 2%, as closings fell 5% to 7,529 homes.
Home sale gross margin was 26.2%, compared with 28.8% in the third quarter of 2024.
Net new orders fell 6% to 6,638 homes; the company repurchased $300 million of common shares and ended the quarter with $1.5 billion of cash.
PulteGroup's subsidiary Pulte Mortgage amended its Master Repurchase Agreement with JPMorgan Chase as agent, extending the term to August 12, 2026. The maximum aggregate commitment is $625 million, with an accordion feature that could raise it to $675 million if existing buyers increase their committed sums. The facility funds mortgage loan origination, so the amendment keeps this financing line in place for the company's home sales financing.
Amendment dated August 13, 2025 extends the term to the earlier of August 12, 2026 or a termination date
Maximum aggregate commitment set at $625 million, subject to certain sublimits
Accordion feature could increase the commitment to $675 million if existing buyers provide more committed sums
PulteGroup reported second-quarter 2025 diluted earnings of $3.03 per share, down from $3.83 a year earlier, and net income of $608 million, down from $809 million. Home sale revenue fell 4% to $4.3 billion as closings dropped 6% to 7,639 homes, and net new orders declined 7%, so shareholders face weaker sales and profit in the quarter, though the company repurchased $300 million of stock and ended with $1.3 billion in cash.
Diluted EPS was $3.03 versus $3.83 a year earlier; the prior-year figure included a $52 million pre-tax insurance benefit and a $13 million tax benefit.
Home sale gross margin was 27.0%, down from 29.9% last year, and within the company's previously provided guidance range.
Net new orders were 7,083 homes worth $3.9 billion, versus 7,649 homes worth $4.4 billion a year earlier.
The company repurchased $300 million of common shares in the quarter and ended June 30 with a debt-to-capital ratio of 11.4%.
PulteGroup reported first quarter 2025 results, with net income of $523 million, or $2.57 per share, down from $663 million, or $3.10 per share, a year earlier. Home sale revenues fell 2% to $3.7 billion as closing volume dropped 7%, and net new orders declined to 7,765 homes from 8,379, though the company repurchased $300 million of its shares.
Diluted EPS was $2.57 versus $3.10 a year earlier; the prior-year figure included a $38 million pre-tax joint venture sale gain and a $27 million pre-tax insurance benefit.
Home sale gross margin was 27.5%, down 210 basis points from the prior year but unchanged from the fourth quarter of 2024.
Net new orders were 7,765 homes valued at $4.5 billion, down from 8,379 homes and $4.7 billion a year earlier.
The company repurchased 2.8 million shares for $300 million and ended the quarter with $1.3 billion in cash and a debt-to-capital ratio of 11.7%.
PulteGroup director J. Phillip Holloman told the Board on March 13, 2025, that he will not stand for re-election at the company's 2025 annual meeting, citing other time commitments. The filing states the decision did not result from any disagreement with the company, and the Board will shrink from eleven members to ten effective at that meeting.
Holloman informed the Board on March 13, 2025 of his decision
Annual meeting of shareholders scheduled for April 30, 2025
Stated reason is other time commitments; no disagreement with the company
Board size to fall from eleven to ten members effective at the annual meeting
PulteGroup reported fourth-quarter 2024 net income of $913 million, or $4.43 per diluted share, up from $711 million, or $3.28 per share, a year earlier. The result included a $255 million pre-tax insurance benefit, and home sale gross margin fell to 27.5%. The board also approved a $1.5 billion increase to the share repurchase authorization, which leaves $2.1 billion available, giving shareholders a larger capacity for buybacks.
Q4 net income was $913 million, or $4.43 per diluted share, including a $255 million pre-tax insurance benefit worth $0.93 per share; the prior-year quarter was $3.28 per share.
Home sale revenues rose 13% to $4.7 billion, driven by a 6% increase in closings to 8,103 homes.
Home sale gross margin was 27.5%, down from 28.9%; net new orders were 6,167 homes, compared with 6,214 a year earlier.
The board approved a $1.5 billion increase to the share repurchase authorization, leaving $2.1 billion remaining, as announced in a separate January 30, 2025 release.
PulteGroup reported third-quarter 2024 results on October 22, 2024, with diluted earnings per share of $3.35, up from $2.90 a year earlier, and net income of $698 million, up from $639 million. Home sale revenues rose 12% to $4.3 billion on a 12% increase in closings, but the home sale gross margin fell to 28.8% from 29.5%, so profit gains came alongside thinner margins.
Diluted EPS of $3.35 vs. $2.90 in the prior-year quarter, up 16%
Home sale revenues of $4.3 billion, up 12%, on 7,924 closings vs. 7,076
Home sale gross margin of 28.8% vs. 29.5% a year earlier
Repurchased $320 million of common shares in the quarter
PulteGroup's subsidiary Pulte Mortgage LLC amended its Master Repurchase Agreement with JPMorgan Chase, which funds mortgage loan origination. The amendment extends the facility to August 13, 2025, or an earlier termination date, and sets a maximum aggregate commitment of $675 million that steps down to $650 million on January 14, 2025. The filing is a financing renewal and reduction in the commitment, not a new source of capital beyond the existing facility.
Agreement entered into August 14, 2024 with JPMorgan Chase as Agent and other Buyers
Maximum aggregate commitment of $675 million, with an accordion feature to $725 million if existing Buyers increase commitments
Commitment decreases to $650 million on January 14, 2025; facility extended to the earlier of August 13, 2025 or termination
PulteGroup reported second quarter 2024 net income of $809 million, or $3.83 per diluted share, up from $3.21 a year earlier, on home sale revenues of $4.4 billion, up 10%. The results were helped by higher closings, a higher average sales price and a 30 basis point gain in homebuilding gross margin, and they include a $52 million pre-tax insurance benefit.
Net income was $809 million versus $720 million in the second quarter of 2023; the quarter included a $52 million pre-tax insurance benefit ($0.19 per share).
Closings rose 8% to 8,097 homes, and the average sales price rose 2% to $549,000.
Homebuilding gross margin was 29.9%, up 30 basis points from both a year earlier and the first quarter of 2024.
The company repurchased $314 million of common shares and completed a $300 million tender offer for senior notes in the quarter.
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