Pultegroup ( (PHM) ) has released its Q1 earnings. Here is a breakdown of the information Pultegroup presented to its investors.
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PulteGroup, Inc., headquartered in Atlanta, Georgia, is one of the largest homebuilding companies in the United States, operating across more than 45 markets and offering a diverse range of homes through its various brands, including Centex, Pulte Homes, and Del Webb.
In its first quarter of 2025, PulteGroup reported earnings of $2.57 per share, with home sale revenues reaching $3.7 billion. The company closed 6,583 homes and reported a net income of $523 million, reflecting a strategic balance between sales price and pace to deliver high returns.
Key financial metrics for the quarter included a home sale gross margin of 27.5% and net new orders totaling 7,765 homes valued at $4.5 billion. The company maintained a strong backlog of 11,335 homes worth $7.2 billion and repurchased $300 million of its common shares. Despite a decrease in home sale revenues by 2% from the previous year, PulteGroup increased its average sales price by 6% to $570,000.
PulteGroup’s financial services operations reported a pre-tax income of $36 million, slightly down from the previous year due to lower closing volumes. The company ended the quarter with a cash position of $1.3 billion and a debt-to-capital ratio of 11.7%, showcasing its financial strength and strategic capital management.
Looking ahead, PulteGroup remains optimistic about long-term housing demand despite short-term challenges posed by economic uncertainties and affordability issues. The company is well-positioned to navigate the dynamic market environment, leveraging its balanced operating model and financial resilience to continue delivering value to stakeholders.