PulteGroup (PHM) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the preceding quarter and the same quarter last year. Home sale revenues drove the improvement.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the preceding quarter and the same quarter last year. Home sale revenues drove the improvement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.6B
Revenue reported for this quarter.
Quarter-over-quarter
+16.5%
Change from the immediately preceding quarter.
Year-over-year
+9.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $4B | +2.8% |
| Dec 31, 2023 | $4.3B | -15.5% |
| Mar 31, 2024 | $3.9B | +10.4% |
| Jun 30, 2024 | $4.6B | +9.8% |
Revenue performance
Sequential revenue growth was higher than the year-over-year increase. The company attributed the rise to higher sales and an accelerated pace of starts.
Quarterly comparison
Revenue rose from both the prior quarter and the same period a year earlier, with the sequential gain outpacing the annual comparison.
What to watch
Monitor cash investment requirements as the production cycle continues to lengthen.