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 (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.