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) 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.
Del Webb has begun construction on its latest community, Kensington Ridge, located in southeast Michigan. This active adult community will feature 611 homes designed for residents aged 55 and older, with prices starting in the $400s. Amenities will include a 15,000 sq. ft. clubhouse, a 43-acre lake, and numerous recreational facilities. The grand opening is planned for Spring 2023. Del Webb is a renowned brand under PulteGroup (NYSE: PHM), focused on building innovative homes for an active lifestyle.
PulteGroup, Inc. (NYSE: PHM) reported a strong third quarter for 2022, with net income rising 48% to $628 million or $2.69 per share, compared to $476 million or $1.82 per share last year. Revenues increased 16% to $3.8 billion, driven by a 15% rise in average sales price to $545,000. Gross margins improved by 360 basis points to 30.1%. However, net new orders fell 28% to 4,924 homes, and the cancellation rate spiked to 24%. The company repurchased $180 million worth of shares and ended the quarter with a debt-to-capital ratio of 22.5%.
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