NYSE$PHM

PulteGroup Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Earnings increased driven by successful execution of balanced operating model and increased home closings.

PulteGroup reported a strong third quarter with a 16% increase in earnings per share to $3.35. Home sale revenues increased by 12% to $4.3 billion, driven by a 12% increase in home closings. The company invested $1.4 billion into its business and returned over $360 million to shareholders.

  • Earnings Increased 16% to $3.35 Per Share
  • Closings Increased 12% to 7,924
  • Home Sale Revenues Increased 12% to $4.3 Billion
  • Repurchased $320 Million of Common Shares

Headline financials

Total Revenue

$4.48B

Previous: $4B+11.8%
EPS

$3.35

Previous: $2.90+15.5%
Total Closings

7.9K

Previous: 7.1K+12.0%
Avg Selling Price

$548K

Previous: $549K-0.2%
Net New Orders

7.0K

No prior period
Net New Orders Value

$3.93B

No prior period
Avg Communities

954

No prior period
Home Sale Margin

28.8%

No prior period
Mortgage Capture Rate

86.7%

No prior period
Backlog Units

12.1K

Previous: 13.5K-10.8%
Backlog Value

$7.69B

Previous: $8.1B-5.0%
Debt to Capital Ratio

11.8%

No prior period
Capital Expenditures

-$94.1M

Previous: -$67.6M-39.2%
Free Cash Flow

$604M

Previous: $571M+5.7%
Net Income

$698M

Previous: $639M+9.3%
Operating Income

$829M

Previous: $770M+7.7%
Gross Profit

$1.36B

Previous: $1.23B+10.6%
Stock-Based Comp

$10.2M

Previous: $10.4M-2.7%

Revenue & EPS history

PulteGroup · Revenue · Quarterly

$4.48B

Q3 2024+11.8%vs Q3 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

PulteGroup · $76.7M total across 1 segment · Q3 2023

  • Financial Services
    $76.7M+5.5%

Forward guidance

Given our strong third quarter and nine-month financial results, we are well positioned to deliver a record year of earnings for the Company.

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 Q3 2024

Historical avgQ3 2024

+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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