1114 ET - PulteGroup isn't dialing back incentives any time soon. The Atlanta home builder's gross margins in 4Q was 27.5%, down 130 basis points sequentially. CFO Bob O'Shaughnessy on an earnings call says the metric's performance reflected higher incentives. PulteGroup forecast gross margins in 1Q to be about 27%, while gross margins are expected to be in the range of 26.5% and 27% in 2Q, 3Q and 4Q. "These estimates assume that incentives throughout 2025 will remain consistent with the incentives we recognized in the fourth- quarter," O'Shaughnessy says. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
January 30, 2025 11:14 ET (16:14 GMT)
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