NYSE$PHM

PulteGroup Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Financial results for Q1 2022 were announced, featuring a net income increase and revenue growth.

PulteGroup reported a strong first quarter in 2022, with net income increasing by 43% to $1.83 per share. Home sale revenues rose by 18% to $3.1 billion, driven by an increase in average sales price. The company also executed a significant share repurchase program.

  • Net income per share increased 43% over the prior year to $1.83.
  • Home sale revenues increased 18% to $3.1 billion.
  • Home sale gross margin expanded by 350 basis points to 29.0%.
  • The company repurchased 10.3 million shares for $500 million.

Headline financials

Total Revenue

$3.19B

Previous: $77.4M+4018.4%
EPS (adj)

$1.83

Previous: $1.28+43.0%
Total Closings

6.0K

Previous: 6.0K-0.1%
Avg Selling Price

$508K

Previous: $430K+18.1%
Backlog Units

19.9K

Previous: 19.0K+5.1%
Backlog Value

$11.5B

Previous: $8.8B+30.9%
Capital Expenditures

-$30.7M

Previous: -$14.8M-108.0%
Free Cash Flow

$424M

Previous: $289M+46.5%
Net Income

$455M

Previous: $304M+49.5%
Operating Income

$2.84B

Previous: -$213M+1434.1%
Gross Profit

$3.18B

Previous: $76M+4087.8%
Cash & Equivalents

$1.15B

Previous: $1.58B-27.5%
Total Assets

$13.2B

Previous: $11.4B+15.0%
Stock-Based Comp

$16.6M

Previous: $11.6M+42.9%

Revenue & EPS history

PulteGroup · Revenue · Quarterly

$3.19B

Q1 2022+4,018.4%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

PulteGroup · $84.1M total across 1 segment · Q1 2022

  • Financial Services
    $84.1M-20.7%

Forward guidance

The release includes forward-looking statements that are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.3%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+3.6%

Avg return

30 days after

59%

41 / 69 earnings

Positive

+19.9%

Q2 2012

Best reaction

-11.3%

Q2 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-2.1%-8.7%
Q4 2025+1.5%+5.8%+11.3%
Q3 2025-0.1%-2.2%-7.2%
Q2 2025-1.1%+0.3%+5.5%
Q1 2025+8.4%+9.4%+5.9%
Q4 2024+4.9%-2.3%-8.6%
Q3 2024-7.7%-8.2%-11.2%
Q2 2024-2.5%+3.5%+2.8%
Q1 2024+4.1%+5.5%+4.6%
Q4 2023-1.4%-0.1%+2.2%
Q3 2023+0.6%+1.9%+24.6%
Q2 2023+7.3%+8.0%-0.2%
Q1 2023+1.2%+5.2%+4.2%
Q4 2022+12.4%+13.1%+4.4%
Q3 2022+2.4%+6.2%+17.8%
Q2 2022-2.3%-2.4%-3.7%
Q1 2022+0.3%+4.7%+9.7%
Q4 2021+3.2%-7.5%-6.5%
Q3 2021-2.2%-3.6%+5.6%
Q2 2021-1.4%+2.8%+0.9%
Q1 2021+7.1%+7.9%+5.6%
Q4 2020-7.9%-2.7%-4.5%
Q3 2020-2.8%-8.6%-3.5%
Q2 2020+8.1%+10.3%+20.4%
Q1 2020+6.5%+20.4%+38.4%
Q4 2019+3.9%+0.8%-5.8%
Q3 2019+4.3%+5.8%+2.1%
Q2 2019-7.7%-4.8%-1.0%
Q1 2019+5.4%+4.1%+4.5%
Q4 2018+0.8%+1.2%-0.1%
Q3 2018+6.0%+14.6%+22.9%
Q2 2018-2.9%-1.7%-1.5%
Q1 2018+5.9%+7.8%+4.5%
Q4 2017-4.8%-8.2%-14.1%
Q3 2017+4.8%+7.8%+17.7%
Q2 2017-0.5%-0.3%+2.0%
Q1 2017-1.6%-1.8%-0.8%
Q4 2016+4.0%+5.2%+6.3%
Q3 2016-4.1%-6.6%-5.2%
Q2 2016+7.0%+8.2%+3.8%
Q1 2016-0.7%
Q4 2015+4.2%
Q3 2015-5.7%
Q2 2015-3.3%
Q1 2015-7.2%
Q4 2014+0.0%
Q3 2014+1.9%
Q2 2014-5.6%
Q1 2014-0.7%
Q4 2013+4.6%
Q3 2013+8.2%
Q2 2013-11.3%
Q1 2013+8.4%
Q4 2012-3.3%
Q3 2012-1.0%
Q2 2012+19.9%
Q1 2012+15.7%
Q4 2010+1.6%
Q4 2011+1.6%
Q3 2011-4.3%
Q2 2011-9.0%
Q1 2010+1.9%
Q1 2011+0.5%
Q4 2008-2.2%
Q3 2010+2.6%
Q3 2009+2.6%
Q2 2010+3.5%
Q4 2009+3.5%
Q2 2009+3.5%

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