PulteGroup Q4 EPS rises to $4.43; buyback authorization up $1.5 billion
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2025.
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.