PulteGroup Q2 net income $608mln, $3.03/share, home sales $4.3bln.

• PulteGroup reports Q2 2025 earnings of $3.03 per share • Closings totaled 7,639 homes with home sale revenues of $4.3B • Home sale gross margin was 27.0% • Net new orders totaled 7,083 homes with a value of $3.9B • Unit backlog of 10,779 homes with a value of $6.8B • Debt-to-capital ratio lowered to 11.4% • Cash balance of $1.3B after repurchasing $300M of common shares

ATLANTA — PulteGroup Inc. (PHM) reported its second-quarter 2025 earnings on Tuesday, July 22nd, surpassing Wall Street expectations. The Atlanta-based homebuilder reported a net income of $608.5 million, or $3.03 per share, which exceeded the average estimate of $2.92 per share by seven analysts surveyed by Zacks Investment Research [1]. Revenue for the period was $4.4 billion, also topping the average forecast of $4.37 billion by six analysts [1].

PulteGroup closed 7,639 homes, generating home sale revenues of $4.3 billion. This represents a 4% decrease compared to the prior year, driven by a 6% fall in closings. However, the average sales price increased by 2% to $559,000. The company achieved a home sale gross margin of 27.0%, which aligned with its guidance, despite a drop from the previous year's 29.9% margin [2].

The company reported net new orders of 7,083 homes valued at $3.9 billion for the second quarter, reflecting a 7% decline in orders compared to the previous year. PulteGroup ended the quarter with a backlog of 10,779 homes valued at $6.8 billion [2].

PulteGroup successfully reduced its debt-to-capital ratio to 11.4% and maintained a strong cash balance of $1.3 billion, following the repurchase of $300 million worth of its common shares. Through the first six months of 2025, the company repurchased a total of 5.8 million shares, amounting to 3% of its common shares, for $600 million [2].

PulteGroup's President and CEO, Ryan Marshall, highlighted the company's ability to adapt to market changes, noting the positive consumer response to interest rate reductions in late June. The company continues to focus on aligning home production and land investments to meet core demand and positioning for future market share growth [2].

References:
[1] https://www.washingtonpost.com/business/2025/07/22/earns-pultegroup/bb08e6d8-66e7-11f0-ac4f-195fdb8ee9a8_story.html
[2] https://www.gurufocus.com/news/2992471/pultegroup-reports-second-quarter-2025-financial-results-phm-stock-news