- Average sales price increased 2% to $559,000 in Q2 2025.
- Backlog at quarter-end was 10,779 homes valued at $6.8 billion, down from 12,982 homes valued at $8.1 billion last year.
- Financial services pre-tax income was $43 million, down from $63 million due to lower closing volumes and higher expenses.
- Gross margin for Q2 was 27.0%, at the top end of guidance, despite higher incentives of 8.7% of gross sales price.
- Land acquisition and development investment was $1.3 billion in Q2 and $2.5 billion year-to-date, on track for $5 billion full-year guidance.
- Net income for Q2 was $608 million or $3.03 per share, down from $809 million or $3.83 per share in prior year, which included insurance benefits.
- PulteGroup reported second quarter home sale revenues of $4.3 billion, down 4% from prior year due to lower closing volume, with closings down 6% to 7,639 homes.
- Return on equity was 23% for the trailing twelve months ended June 30, 2025.
- SG&A expense was $390 million or 9.1% of home sale revenues, compared to 8.1% last year (which included a $52 million insurance benefit).
- The company repurchased 3 million shares for $300 million in Q2, totaling $600 million in share repurchases year-to-date.
Related items and other data are not available for this feed item.
Dafinchi