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. (symbol: PHM) is a leading homebuilder in the United States, renowned for its innovative home designs and commitment to customer satisfaction. The company specializes in building single-family detached homes, catering to a diverse range of buyers including entry-level, move-up, and active-adult segments.
PulteGroup operates through two primary segments: Homebuilding and Financial Services. The Homebuilding segment includes the acquisition and development of land for residential purposes, as well as the construction of homes. The Financial Services segment offers mortgage financing, title, and insurance services, adding a comprehensive benefit for homebuyers.
Recent achievements highlight PulteGroup’s dedication to excellence, winning more awards for customer satisfaction than any other homebuilder. The company’s current projects emphasize sustainability and modern living, integrating energy-efficient materials and smart home technologies.
With a stable financial condition, PulteGroup continues to invest in strategic land acquisitions and innovative home designs. The company maintains strong partnerships with suppliers and contractors, ensuring quality and reliability in every home they build.
For those seeking to stay updated with the latest news and developments related to PulteGroup, visiting our news section will provide comprehensive and timely updates.
PulteGroup (PHM) reported a robust first quarter for 2022, with net income of $455 million, or $1.83 per share, up 43% year-over-year. Home sale revenues surged 18% to $3.1 billion, driven by an 18% increase in average sales price to $508,000. Gross margin expanded by 350 basis points to 29.0%. Despite a 19% decrease in net new orders to 7,971 homes, their value rose 2% to $4.7 billion. The company repurchased 10.3 million shares for $500 million and had a strong debt-to-capital ratio of 21.5%. Moody's upgraded its credit rating, reflecting solid financial health.
PulteGroup has donated its eighth home in South Carolina through its Built to Honor® program, which offers mortgage-free homes to wounded veterans. During a dedication ceremony, Marine Corps Staff Sergeant Jason Roberts and his wife received the keys to a four-bedroom, three-bathroom home in Summerville. The Roberts family was previously informed of the gift in August 2021. PulteGroup has partnered with the Military Warriors Support Foundation in this initiative and has built over 60 homes across the country to honor veterans since 2013.
PulteGroup partners with Ford to develop the 'Home of the Future' at Innovation Way in Babcock Ranch, Florida. This initiative features two model homes testing advanced sustainable technologies that integrate Ford's F-150 Lightning electric vehicle for backup power and energy management. Key innovations include smart appliances, eco-friendly water filtration, and enhanced HVAC systems. Over the next two years, Florida Power & Light will analyze energy consumption to identify effective sustainability features for future homebuyers.
PulteGroup, Inc. (NYSE: PHM) will release its first quarter 2022 financial results on April 28, 2022, before the market opens. A conference call to discuss these results is scheduled for 8:30 a.m. ET on the same day. Investors can access a live audio webcast via the company's website, and the call will be recorded for later replay. PulteGroup is a leading homebuilding company operating in over 40 markets, focusing on diverse buyer groups through its multiple brands.
PulteGroup, Inc. (NYSE: PHM) will present at the Raymond James & Associates’ 43rd Annual Institutional Investors Conference on March 7, 2022, at 7:30 a.m. ET. Investors can access the presentation via the Company’s website. PulteGroup, based in Atlanta, is one of America's largest homebuilders, operating in over 40 markets and offering various brands, including Centex and Pulte Homes. The company aims to build exceptional living spaces that fulfill customer dreams.
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