PulteGroup (PHM) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The quarterly performance reflected a mixed trend relative to prior periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The quarterly performance reflected a mixed trend relative to prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
-2.7%
Change from the immediately preceding quarter.
Year-over-year
+11.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
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 |
|---|---|---|
| Dec 31, 2023 | $4.3B | -15.5% |
| Mar 31, 2024 | $3.9B | +10.4% |
| Jun 30, 2024 | $4.6B | +9.8% |
| Sep 30, 2024 | $4.5B | +11.8% |
Revenue performance
Revenue declined sequentially from the prior quarter, while posting a solid increase over the year-ago quarter.
Quarterly comparison
The sequential decrease contrasts with the year-over-year gain, indicating a moderation from the prior quarter's level.
What to watch
The company noted that an elongation of its production cycle and increased pace of starts have required greater cash investment, which could affect future liquidity.