Every material Form 8-K PulteGroup filed with the SEC in 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 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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every PulteGroup filing is on SEC EDGAR ↗. 8-K briefs of other companies →