PulteGroup Files 2024 10-K

TL;DR

PHM 2024 10-K filed. Full year financials out.

AI Summary

PulteGroup Inc. filed its 2024 10-K on February 6, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Atlanta, GA, operates in the home building sector. Key financial data and segment information for the fiscal year are detailed within the filing.

Why It Matters

This filing provides investors and analysts with a comprehensive overview of PulteGroup's financial performance and operational details for the 2024 fiscal year, crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual financial filing (10-K) for a publicly traded company, providing routine disclosures.

Key Numbers

• 2024 — Fiscal Year (The period covered by the 10-K filing.)
• 1231 — Fiscal Year End (Indicates the end date of the reporting period.)

Key Players & Entities

• PULTEGROUP INC/MI/ (company) — Filer of the 10-K
• 3350 PEACHTREE ROAD NORTHEAST SUITE 1500 ATLANTA GA 30326 (company) — Business and Mail Address
• 2024-12-31 (date) — Fiscal Year End
• 2025-02-06 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — ch registered Common Shares, par value $0.01 PHM New York Stock Exchange Series A J
• $17.9 billion — ted 98% of our consolidated revenues of $17.9 billion in 2024, 98% of our consolidated revenu
• $16.1 billion — 24, 98% of our consolidated revenues of $16.1 billion in 2023, and 98% of our consolidated re
• $16.0 billion — and 98% of our consolidated revenues of $16.0 billion in 2022. Our Homebuilding operations ar
• $150,000 — s during 2024 ranged from approximately $150,000 to over $2,500,000, with 84% falling wi
• $2,500,000 — ged from approximately $150,000 to over $2,500,000, with 84% falling within the range of $
• $250,000 — 0, with 84% falling within the range of $250,000 to $750,000. The average unit selling p
• $750,000 — falling within the range of $250,000 to $750,000. The average unit selling price in 2024
• $555,000 — average unit selling price in 2024 was $555,000, compared with $545,000 in 2023, and $5
• $545,000 — ice in 2024 was $555,000, compared with $545,000 in 2023, and $534,000 in 2022. Strate
• $534,000 — 00, compared with $545,000 in 2023, and $534,000 in 2022. Strategy We believe that n
• $6.5 billion — for homes that have not yet closed, was $6.5 billion (10,153 units) at December 31, 2024 and
• $7.3 billion — (10,153 units) at December 31, 2024 and $7.3 billion (12,146 units) at December 31, 2023. Fo

Filing Documents

• phm-20241231.htm (10-K) — 1833KB
• exhibit4h-descriptionofreg.htm (EX-4.H) — 78KB
• exhibit10i-2025rsuawardagr.htm (EX-10.I) — 62KB
• exhibit10m-2025ltiawardagr.htm (EX-10.M) — 95KB
• exhibit19-insidertradingan.htm (EX-19) — 85KB
• exhibit21-subsidiarylistin.htm (EX-21) — 33KB
• exhibit22-listofguarantors.htm (EX-22) — 33KB
• exhibit23-consent123124.htm (EX-23) — 3KB
• exhibit24-powerofattorney1.htm (EX-24) — 12KB
• exhibit31a-ceocertificatio.htm (EX-31.A) — 10KB
• exhibit31b-cfocertificatio.htm (EX-31.B) — 10KB
• exhibit32-certification123.htm (EX-32) — 6KB
• image_0a.jpg (GRAPHIC) — 2KB
• phm-20241231_g1.jpg (GRAPHIC) — 73KB
• phm-20241231_g2.gif (GRAPHIC) — 177KB
• 0000822416-25-000007.txt ( ) — 10718KB
• phm-20241231.xsd (EX-101.SCH) — 50KB
• phm-20241231_cal.xml (EX-101.CAL) — 88KB
• phm-20241231_def.xml (EX-101.DEF) — 307KB
• phm-20241231_lab.xml (EX-101.LAB) — 711KB
• phm-20241231_pre.xml (EX-101.PRE) — 561KB
• phm-20241231_htm.xml (XML) — 1383KB

Signatures

Signatures 78 2 PART I ITEM I. BUSINESS PulteGroup, Inc. is a Michigan corporation organized in 1956. We are one of the largest homebuilders in the United States ("U.S."), and our common shares are included in the S&P 500 Index and trade on the New York Stock Exchange under the ticker symbol "PHM". Unless the context otherwise requires, the terms "PulteGroup", the "Company", "we", "us", and "our" used herein refer to PulteGroup, Inc. and its subsidiaries. While our subsidiaries engage primarily in the homebuilding business, we also have financial services businesses, which include mortgage banking, title, and insurance agency operations, through Pulte Mortgage LLC ("Pulte Mortgage") and other subsidiaries. Available information We file annual, quarterly, and current reports, proxy statements, and other information with the Securities and Exchange Commission (the "SEC"). These filings are available at the SEC's website at www.sec.gov. Our internet website address is www.pultegroupinc.com. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act are available free of charge through our website as soon as reasonably practicable after we electronically file them with or furnish them to the SEC. Our code of ethics for our principal executive officer, principal financial officer, principal accounting officer, and persons performing similar functions, our code of ethical business conduct, our corporate governance guidelines, and the charters of the Audit, Compensation and Management Development, Nominating and Governance, and Finance and Investment Committees of our Board of Directors are also posted on our website and are available in print, free of charge, upon request. Homebuilding Operations Homebuilding, our core business, involves the acquisition and development of land primarily for residential pur