Pultegroup - PHM STOCK NEWS

PulteGroup has reached a historic milestone with its Built to Honor program, delivering its 100th mortgage-free home to U.S. Army Sergeant Aisha Hardemon. The program, launched in 2013, has served veteran families across 17 states, representing over $35 million in donated homes and materials.

Sergeant Hardemon, who served from 2007 to 2013 with deployments in Iraq and Afghanistan, will receive her new home in the Hawthorne Ridge community in McDonough, Georgia. Her military service earned her the Army Commendation Medal and Afghanistan Campaign Medal with Two Campaign Stars.

The Built to Honor program has eliminated 36,000 monthly mortgage payments for veteran families, allowing them to focus on healing rather than housing costs. The initiative, partnering with Building Homes for Heroes, demonstrates PulteGroup's commitment to supporting military veterans transitioning to civilian life.

PulteGroup (NYSE: PHM) reported Q1 2025 financial results with net income of $523 million, or $2.57 per share, down from $663 million ($3.10 per share) in the prior year. Home sale revenues decreased 2% to $3.7 billion, reflecting a 6% increase in average sales price to $570,000, offset by a 7% decrease in closings to 6,583 homes.

The company maintained a strong gross margin of 27.5% and reported net new orders of 7,765 homes valued at $4.5 billion. Quarter-end backlog stood at 11,335 homes worth $7.2 billion. PulteGroup repurchased $300 million of common shares and ended the quarter with a $1.3 billion cash position and an 11.7% debt-to-capital ratio.

Management noted that while buyers responded positively to interest rate declines, affordability challenges persist due to high selling prices and monthly payments.

Del Webb, the leading builder of 55+ communities, celebrated the grand opening of Del Webb Barton Village in Lebanon, Metro Nashville, drawing over 500 attendees from across the country. The event featured an official ribbon-cutting ceremony on March 28, attended by Wilson County Mayor Randall Hutto, Lebanon Mayor Rick Bell, and city officials.

The 240-acre active adult community is part of the 350-acre mixed-use, master-planned Barton Village development, strategically located off Interstate 40 in Wilson County. The community will feature over 700 homes and extensive amenities including a 16,000-square-foot residents' clubhouse, outdoor amphitheater, resort-style pools, pickleball courts, and dedicated food-truck areas.

As Del Webb's first entry into a mixed-use, master-planned community in the region, residents will have access to retail, dining, offices, and medical facilities. The first homeowners are expected to move in by October 2025 at 250 Barton Village Blvd.

PulteGroup (NYSE: PHM) has achieved a significant milestone by being named to the Fortune 100 Best Companies to Work For® list for the fifth consecutive year, ranking 47th in 2025. The recognition is based on extensive employee feedback and company submissions to Great Place To Work®.

Key employee survey results showed impressive satisfaction metrics:

• 93% consider PulteGroup a great workplace
• 95% feel given substantial responsibility
• 97% felt welcomed upon joining
• 94% believe in management's ethical practices
• 95% express pride in their employment

The prestigious recognition, determined by Great Place To Work®, requires companies to be Certified™ with 1,000+ U.S. employees. Companies on this list consistently demonstrate superior market performance and competitive advantages in areas like retention and innovation.

Del Webb, the leading builder of 55+ active adult communities, has announced the successful launch of Del Webb Hickory Greens near Cleveland, Ohio. The community saw remarkable demand with 50 homes sold within the first 30 days of opening.

The 622-home development spans 325 acres and features a 14,000-square-foot amenity center with indoor and outdoor pools, pickleball courts, and a fitness center. A unique 10,000-square-foot indoor Raquet Club includes pickleball courts and a golf simulator. The community offers 170 acres of green space, walking trails, a dog park, and a community garden.

Two distinct home collections are available: the Cottage Series (1,501-1,595 sq. ft.) and Retreat Series (1,647-2,026 sq. ft.), with prices starting in the upper $300s. Located in Columbia Township, the community provides easy access to Cleveland amenities, being just 30 minutes from downtown and 15 minutes from Cleveland Hopkins International Airport.

Vestis (NYSE: VSTS) announced a significant leadership change with the immediate appointment of Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer. Holloman replaces Kim Scott, who has departed from both the company and its Board of Directors.

Holloman, who has served as Chairman of the Vestis Board since 2023, brings extensive industry experience from his 22-year career at Cintas, where he held various executive positions including president and chief operating officer. He currently serves on the Board of Directors for Pulte Group and the BlackRock Fixed Income Board.

The Board has engaged a leading executive search firm to identify Vestis' next permanent President and CEO. This transition comes as Vestis completes its first fiscal year as a public company.

PulteGroup (NYSE: PHM) has launched Del Webb Explore, a new resort lifestyle-inspired brand extending beyond its traditional 55-plus demographic. The brand targets Gen X buyers seeking luxury, resort-style communities without age restrictions.

The first Del Webb Explore communities are launching in Southern California and the Tampa Bay Area. Del Webb Explore Palm Desert, opening February 15th, 2025, will feature 332 units on 71 acres. The North River Ranch location between Tampa and Sarasota will include 901 homes on 413 acres.

Market research revealed that 40% of potential Del Webb buyers desired the brand's active lifestyle without age limitations. Communities will feature amenities like state-of-the-art clubhouses, fitness centers, pools, pickleball courts, and walking trails. Homes include open-concept floor plans, luxurious finishes, and flexible spaces designed for multi-generational living.

PulteGroup, Inc. (NYSE: PHM) has announced the schedule for its first quarter 2025 financial results release and conference call. The company will publish its Q1 2025 results before market opening on Tuesday, April 22, 2025, followed by a conference call at 8:30 a.m. (ET) on the same day to discuss the quarterly performance.

Investors and interested parties can access the live audio webcast of the call on PulteGroup's website by visiting www.pultegroup.com and selecting the Events & Presentations link under the Investor Relations tab. Participants are advised to log on five minutes prior to the call. For those who prefer to join by phone, the dial-in number is (888) 440-6928 with conference ID 6106699.

The call will be recorded and available for audio replay within 24 hours, with an archive of the conference call accessible on the PulteGroup website.

PulteGroup (NYSE: PHM) has successfully piloted robotic-assisted construction technology at its DiVosta community of TerraWalk at Babcock Ranch, America's first solar-powered town. The company partnered with Australian-based FBR, utilizing their Hadrian X® system, an AI-guided construction robot capable of building structural walls in a single day.

The automated system uses an advanced robotic arm to place concrete blocks secured with a specialized adhesive that bonds twice as strong as traditional mortar. This marks one of only 10 homes in the United States constructed using this advanced system. The innovative construction method enhances safety, minimizes waste, and accelerates build times while maintaining PulteGroup's signature quality.

The pilot is part of PulteGroup's Innovation Way living laboratory at Babcock Ranch, where the company tests various emerging technologies including Ford F-150 Lightning power backup solutions, sustainable building practices, and smart home automation.