Pultegroup, Inc. - PHM STOCK NEWS

PulteGroup (NYSE: PHM) reported strong Q2 2022 earnings, with net income of $652 million, or $2.73 per share, a 59% increase from the previous year. Adjusted net income was $456 million, or $1.72 per share. Home sale revenues rose 18% to $3.8 billion, while average sales price climbed 19% to $531,000. However, net new orders fell 23% year-over-year to 6,418 homes, affected by rising mortgage rates and lower consumer confidence. The company maintained a backlog of 19,176 homes valued at $11.6 billion, and repurchased $294 million in stock during the quarter.

PulteGroup's Built to Honor® program recently dedicated a mortgage-free Centex home for Specialist Christopher Lewis and his family in Murfreesboro, Tennessee. The event included a procession with local veterans and first responders, culminating in a heartfelt ceremony where the keys were handed over. The 2,700 square-foot home features five bedrooms and three bathrooms, fully furnished by Pulte’s design team. This marks the second home dedicated in Tennessee, with the program aiming to reach its 75th home later this year in Dallas, Texas.

PulteGroup, Inc. (NYSE: PHM) will release its second quarter 2022 financial results on July 26, 2022, before the market opens. A conference call to discuss the results will occur at 8:30 a.m. (ET) on the same day. Investors can access a live audio webcast on the company's website. The dial-in number for the call is (888) 440-6928 with conference ID 6106699. A recording will be available within 24 hours. PulteGroup operates across more than 40 markets in the U.S., serving diverse buyer groups through its multiple brands.

PulteGroup, Inc. (NYSE: PHM) has released its 2021 Environmental, Social and Governance (ESG) Report, emphasizing its commitment to sustainability and transparency. The report highlights key metrics related to environmental impact, workplace culture, and community engagement, aligning with the company’s vision of becoming America’s most respected homebuilder. Notably, it includes PulteGroup’s first-time reporting of Scope 1, 2, and 3 emissions according to the Greenhouse Gas Protocol, helping stakeholders monitor the company's sustainability performance over time.

Richard Dreiling, Lead Independent Director of Lowe's Home Improvement (NYSE:LOW) and Executive Chairman of Dollar Tree (NYSE:DLTR), has been praised by the Pulte Family for his service on the independent Board of Directors of PulteGroup (NYSE:PHM). Dreiling's leadership included a term as chair of the nominating and governance committee. Following his departure, PulteGroup has decided not to replace him, resulting in a smaller independent board with nine members. Dreiling continues his roles at Kellogg and Lowe's.

PulteGroup, Inc. (NYSE: PHM) has declared a quarterly dividend of $0.15 per common share, payable on July 5, 2022, to shareholders of record on June 10, 2022. This dividend announcement reflects the company’s ongoing commitment to returning value to shareholders. PulteGroup is a leading homebuilding company operating in over 40 markets across the United States, emphasizing its diverse brand portfolio that caters to various buyer groups.