PulteGroup

PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

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Earnings data Q4 2024

PulteGroup achieves record Q4 earnings, focuses on strategic pricing

PulteGroup's strong financial performance in Q4 2022 reflects its resilience in the face of market challenges. With a focus on steady production volume, strategic pricing, and operational adaptability, the company remains optimistic about its future prospects. Managing affordability, optimizing production efficiency, and addressing market dynamics will be key focus areas for PulteGroup moving forward.

PulteGroup excels in Q1, faces margin pressure in Q2

PulteGroup's strong Q1 performance reflects effective cost management and strategic focus on spec homes.
Challenges include potential margin contraction in Q2 and decline in net new orders.
Opportunities lie in improving market conditions, leveraging liquidity, and strong entry-level demand.

PulteGroup reports record Q2 earnings, eyes growth in land market

PulteGroup's strong financial performance in Q2 2023 underscores operational excellence and prudent financial management. Despite supply chain challenges and modest price increases, the company maintains a solid financial position with a focus on efficiency and disciplined underwriting. Opportunities in the land market and Florida market growth offer avenues for further expansion.

PulteGroup excels in Q3 with record earnings and strategic investments

PulteGroup's Q3 performance reflects strong growth, efficient operations, and strategic investments. While challenges in maintaining margins and addressing affordability persist, the company's adaptability and focus on market dynamics position it well for future opportunities.

PulteGroup reports record revenues and plans for growth in 2024

PulteGroup's strong financial performance in 2023 was driven by record revenues, increased earnings per share, and robust new order growth. Despite challenges like affordability issues and cost inflation, the company is strategically positioned to capitalize on growth opportunities and operational efficiencies in 2024. By addressing affordability concerns and focusing on cycle time improvements, PulteGroup aims to sustain its momentum.

PulteGroup achieves record Q1 results, eyes strategic growth opportunities

PulteGroup's strong performance in Q1 2024 was driven by record revenues, increased margins, and strategic decisions.
While facing challenges like affordability and cost pressures, the company is leveraging opportunities in investments and market strategies.
Maintaining a focus on efficiency and growth avenues positions PulteGroup well for the future amidst a dynamic market environment.

PulteGroup reports 19% earnings growth, focuses on efficiency and growth

PulteGroup delivered a strong Q2 performance with notable increases in earnings, gross margin, and closings, despite facing challenges in market demand and competitive conditions in certain regions.
Strategic initiatives like managing price, pace, and starts, along with increasing third-party land vendors, present opportunities for growth and efficiency improvements.
The company's financial services operations also showed robust growth, contributing to overall positive financial results.
CFO succession plans were announced, ensuring a smooth transition and continuity in financial leadership.

PulteGroup reports robust Q3 earnings amidst margin challenges and growth opportunities

PulteGroup's Q3 performance reflects strong earnings growth and strategic initiatives to address market demand and enhance operational efficiency.
While facing challenges such as margin pressures and buyer confidence fluctuations, the company remains focused on meeting closing targets and driving revenue growth.
Opportunities lie in achieving closing targets, improving margins, and optimizing operations to capitalize on market demand and drive profitability.

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PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment is composed of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

ATLANTA--( BUSINESS WIRE )--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2022. For the quarter, the Company reported net income of $882 million, or $3.85 per share. Adjusted net income for the period was $832 million, or $3.63 per share. Adjusted net income excludes a $65 million net pre-tax benefit from adjustments to insurance related reserves and a $49 million pre-tax gain in JV income relating to the sale of commercial property, partially offset by a $31 million pre-tax charge associated with the Company's decision to exit certain land-option agreements and a tax charge of $12 million from deferred tax valuation allowance adjustments. Prior year reported net income was $663 million, or $2.61 per share. Adjusted net income for that period was $637 million, or $2.51 per share, after excluding a $23 million net pre-tax benefit from adjustments to insurance related reserves and a tax benefit of $9 million from deferred tax valuation allowance adjustments.

PulteGroup Reports Fourth Quarter 2022 Financial Results

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Higher average selling prices are likely to aid PulteGroup's (PHM) Q4 results for its Homebuilding segment.

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PulteGroup (PHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PulteGroup (PHM) Earnings Expected to Grow: Should You Buy?

The iShares U.S. Home Construction ETF started the new year strong, up over 9%, outpacing the S&P 500. The post Homebuilder Fund In Buy Zone As Mortgage Rates Drop appeared first on Investor's Business Daily.

Homebuilder Fund In Buy Zone As Mortgage Rates Drop

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BofA is anticipating a drop in the 30-year mortgage rate to about 5.25% this year - a move favorable to homebuilding stocks.

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PulteGroup has a very shareholder-oriented capital distribution policy. As rates plateau, I expect the property market to stabilize and demand to pick up again from these recent 25 years' low.

PulteGroup Inc.: Focused On Generating Returns On Shareholder Value

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ATLANTA--( BUSINESS WIRE )--PulteGroup, Inc. (NYSE: PHM), the nation's third largest homebuilder, announced today that Brandon Jones, Senior Vice President - Field Operations, has been terminated and will leave the Company effective immediately.

Pultegroup Announces Brandon Jones, Senior Vice President – Field Operations, to Leave the Company

ATLANTA--( BUSINESS WIRE )--PulteGroup, Inc. (NYSE: PHM) today announced that it will release its fourth quarter 2022 financial results before the market opens on Tuesday, January 31, 2023. The Company will hold a conference call to discuss its fourth quarter results that same day at 8:30 a.m. (ET).

PulteGroup's Fourth Quarter 2022 Earnings Release and Webcast Conference Call Scheduled for January 31, 2023

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BOSTON--( BUSINESS WIRE )--Pulte Homes announced the opening of its newest Boston-area community, Woodland Hill. Offering 46 new construction single-family homes in the charming town of Grafton, the community is conveniently located near schools, dining and entertainment, with the Massachusetts Bay Transportation Authority commuter rail less than a mile away.

Pulte Homes Opens New Community in Greater Boston

PulteGroup's (PHM) 7% dividend hike is in line with its strategic plan to return available cash flow to stockholders.

PulteGroup (PHM) Hikes Dividend by 7%, Lifts Shareholders Value

ATLANTA--( BUSINESS WIRE )--PulteGroup, Inc. (NYSE: PHM) today announced that it was named among the Best Workplaces for Parents™ in 2022 by Great Place to Work®, the global authority on workplace culture. This is the second consecutive year that PulteGroup has been included on this prestigious list, moving up several spots to ranking #43 in 2022 after debuting at #47 in 2021.

PulteGroup Again Named a Best Workplaces for Parents™ by Great Place to Work®

ATLANTA--( BUSINESS WIRE )--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors voted to approve a 7% increase in the Company's quarterly cash dividend to $0.16 per common share. The increase will be effective with the Company's next scheduled dividend, which is payable January 3, 2023, to shareholders of record at the close of business on December 14, 2022.

PulteGroup Increases Quarterly Cash Dividend by 7% to $0.16 Per Share

Shares of companies in the home construction sector took a broad beating Wednesday, in the wake of more weak data on pending home sales. The National Association of Realtors said Wednesday that pending home sales in October fell 4.6% from September, the fifth-straight monthly decline, with year-over-year pending transactions dropping 37.0%.

Homebuilder stocks fall after more weak pending home sales data

CHICAGO--( BUSINESS WIRE )--Del Webb, the nation's leading builder of active adult communities for those 55 and older, announces the grand opening of Lincoln Prairie by Del Webb – its first new community in the greater Chicago area in over 15 years. Located in Aurora, this resort-style community debuted six fully furnished model homes at a celebratory ribbon cutting ceremony this month.

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Bear of the Day: PulteGroup (PHM)

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ATLANTA--( BUSINESS WIRE )--PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group's second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG's production and distribution capabilities to meet growing demand in the Southeast.

PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina

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News for PulteGroup Stock (PHM)