Welcome to our dedicated page for Pultegroup news (Ticker: PHM), a resource for investors and traders seeking the latest updates and insights on Pultegroup stock.
PulteGroup Inc (PHM), a leading American homebuilder specializing in single-family residences, maintains this dedicated news hub for investors and industry observers. Our curated collection provides essential updates on corporate developments, market strategies, and operational milestones within the residential construction sector.
This resource centralizes PHM's financial disclosures, including quarterly earnings reports and annual performance summaries, alongside strategic announcements about community developments, partnership initiatives, and design innovations. Users gain immediate access to verified information about land acquisitions, sustainability efforts, and customer experience enhancements that shape the company's market position.
Regular updates ensure stakeholders can track PHM's responses to housing market trends, regulatory changes, and economic conditions affecting the homebuilding industry. Bookmark this page for efficient monitoring of leadership updates, operational expansions, and recognition of the company's award-winning home designs.
PulteGroup, Inc. (NYSE: PHM) reported a 48% increase in net income for Q4 2022, totaling $882 million or $3.85 per share. Adjusted net income rose 45% to $832 million. Home sale revenues surged 20% to $5.1 billion due to a 3% increase in closings to 8,848 homes. The homebuilding gross margin improved by 200 basis points to 28.8%. The company's cash balance reached $1.1 billion, with a debt-to-capital ratio of 18.7%. However, net new orders decreased 41% to 3,964 homes, reflecting heightened cancellation rates and a challenging market impacted by rising interest rates.
The Board of Directors of PulteGroup (NYSE: PHM) has concluded an investigation into a former employee's breach of the Company’s Code of Ethical Business Conduct related to improper social media use. The former employee was found to have operated multiple Twitter accounts making critical comments about Pulte family members. The investigation, conducted by King & Spalding LLP and led by former U.S. Attorney John Horn, determined that the employee acted alone without any other Company's involvement or use of automated posting technology. Chairman Thomas Folliard expressed regret over the incident and announced the investigation as complete.
PulteGroup, Inc. (NYSE: PHM) has terminated Senior VP Brandon Jones due to violations of the Company’s Code of Ethical Business Conduct. His departure is effective immediately following an independent investigation. PulteGroup President Ryan Marshall will take on Jones’ responsibilities temporarily. PulteGroup, based in Atlanta, is a leading homebuilder operating in over 40 markets, offering diverse brands like Pulte Homes and Centex. This incident reflects the company’s commitment to ethical practices.
PulteGroup, Inc. (NYSE: PHM) will release its fourth quarter 2022 financial results on January 31, 2023, before the market opens. A conference call to discuss these results is scheduled for 8:30 a.m. (ET) the same day. Interested parties can access the call through a live audio webcast on PulteGroup's website, with a dial-in option available at (888) 440-6928 (conference ID: 6106699). The recorded call will be accessible within 24 hours, and an archive will be posted on the company's site.
PulteGroup, Inc. (NYSE: PHM) has announced a 7% increase in its quarterly cash dividend to
PulteGroup, Inc. (NYSE: PHM) has launched its second off-site solutions manufacturing facility in Florence, South Carolina. This facility, part of its Innovative Construction Group (ICG), focuses on single-family and multi-family wood framed construction, enhancing production and distribution capabilities in the Southeast. The new operation utilizes advanced technology to provide efficient framing solutions, including design services and installation. This expansion is expected to cater to the increasing demand for new homes in key South Carolina markets such as Myrtle Beach, Charleston, and Columbia.
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