Pultegroup - PHM STOCK NEWS

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.

PulteGroup (NYSE: PHM) has announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per common share. The dividend will be payable on April 2, 2025, to shareholders who are recorded as holders at the close of business on March 18, 2025.

PulteGroup (NYSE: PHM) has announced a $100,000 investment in scholarships through a partnership with The SkillPointe Foundation, launching its expanded 'Build Your Future' scholarship program. The initiative, commemorating PulteGroup's 75th anniversary, will award 20 scholarships to support both university students in construction-related fields and individuals pursuing skilled trades careers.

The program specifically targets high school students interested in trades careers, while maintaining opportunities for university education in construction fields. For bachelor or graduate degrees, the focus states are Florida, Georgia, North Carolina, South Carolina, and Texas. For associate, technical degrees, or skilled trade certifications, the program focuses on Florence, South Carolina, and Cove Springs, Florida. Applications are open until April 30, 2025.

PulteGroup (NYSE: PHM) has announced a $1.5 billion increase to its share repurchase authorization, bringing the total remaining authorization to $2.1 billion. The announcement follows a year of record earnings and strong operational cash flows. The company also implemented a 10% dividend increase in Q4 2024.

In 2024, PulteGroup returned $1.4 billion to shareholders through dividends and share purchases. Over the past decade, the company has returned more than $8.4 billion to shareholders. Since the program's initiation in 2013, PulteGroup has repurchased over 50% of its outstanding shares.

PulteGroup (PHM) reported strong Q4 2024 financial results with net income of $913 million, or $4.43 per share, including a pre-tax insurance benefit of $255 million ($0.93 per share). Home sale revenues increased 13% to $4.7 billion, driven by a 6% increase in closings to 8,103 homes. The average selling price rose 6% to $581,000.

The company's home sale gross margin was 27.5%, while homebuilding SG&A expense was 4.2% of home sale revenues. Net new orders reached 6,167 homes valued at $3.5 billion, a 4% increase year-over-year. The company maintained a strong financial position with $1.7 billion in cash and a debt-to-capital ratio of 11.8%.

During Q4, PHM repurchased 2.5 million shares for $320 million and announced a $1.5 billion increase to its share repurchase authorization, bringing the total to $2.1 billion.

PulteGroup (NYSE: PHM), one of the nation's largest home builders, has unveiled its 2025 design trends forecast, highlighting sustainable and functional home design choices. Led by National VP of Interior Design Angela Nuessle, who oversees the design of over 450 model homes annually, the forecast emphasizes key trends including:

• The Everything Home - multi-functional spaces adapting to various needs
• Sustainable Luxury - combining natural materials with environmental consciousness
• Wellness-Focused Features - connecting indoor and outdoor spaces
• Statement Elements - featuring distinctive lighting and metallics
• Mixed-era Blending - combining vintage and modern elements
• Color Transformations - incorporating bold colors and warm neutrals

The forecast responds to evolving homeowner needs, including multi-generational living solutions, affordability concerns, and the growing demand for spaces that seamlessly transition between work, wellness, and entertainment.

PulteGroup (NYSE: PHM) has scheduled its fourth quarter 2024 earnings release and conference call for January 30, 2025. The financial results will be released before market opening, followed by a conference call at 8:30 a.m. ET. Investors can access the live audio webcast through PulteGroup's website under the Investor Relations tab. The dial-in number for call participants is (888) 440-6928 with conference ID 6106699. An audio replay will be available within 24 hours, and an archive of the call will be accessible on the company's website.

PulteGroup (NYSE: PHM) announced a 10% increase in its quarterly cash dividend to $0.22 per common share. The dividend is payable on January 3, 2025, to shareholders of record as of December 17, 2024. This marks the company's sixth dividend increase since 2019, effectively doubling the per share payout during this period. The company highlighted its consistent shareholder returns, noting 2024 will be the fourth consecutive year of returning over $1.0 billion to shareholders through dividends and share repurchases.

PulteGroup announces three home dedication ceremonies through its Built to Honor® program, approaching its milestone of 100 mortgage-free homes for wounded veterans. The ceremonies, scheduled for Nov. 11-14, will honor Army Specialist Christopher Irving, Army veteran Jacob Schanck, and Sergeant Major William Stockard, whose combined service spans over four decades.

The program, launched in 2013, has delivered 92 homes nationwide, valued at over $35 million. Recipients include Purple Heart recipients and decorated veterans with multiple combat deployments. PulteGroup aims to reach its 100th home dedication milestone in 2025.