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PulteGroup Inc (PHM.N)

PHM.N on New York Stock Exchange

32.25USD
17 Nov 2017
Change (% chg)

$0.35 (+1.10%)
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Latest Key Developments (Source: Significant Developments)

PulteGroup sees Q4 home deliveries of 6,400 to 6,700 units
Tuesday, 24 Oct 2017 09:08am EDT 

Oct 24 (Reuters) - Pultegroup Inc ::Damage from hurricanes to Pulte's communities in Texas, Florida, and the Carolinas was minimal - CEO on conf call‍​.Process of closing down and reopening communities resulted in loss of numerous selling, construction days across major markets."Buyer demand is robust in the quarter and slowdowns caused by hurricanes Harvey and Irma were significant" - CEO on conf call.Incurring higher prices for labor and the associated materials - CEO on conf call.Sees Q4 home deliveries of 6,400 to 6,700 units - Conf call.Expect Q4 gross margins to come in toward the lower end of previous guidance range of 23.6% to 24.1% - conf call.  Full Article

PulteGroup reports third quarter 2017 financial results
Tuesday, 24 Oct 2017 06:30am EDT 

Oct 24 (Reuters) - Pultegroup Inc :PulteGroup reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.60 excluding items.Q3 earnings per share $0.58.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.PulteGroup Inc - ‍unit backlog at quarter end increased 15% to 10,823 homes; backlog value at quarter end increased 26% to $4.7 billion​.Pultegroup inc qtrly ‍unit backlog increased 15% to 10,823 homes​.PulteGroup Inc qtrly ‍backlog value increased 26% to $4.7 billion​.PulteGroup Inc - ‍home sale revenues for Q3 increased 9% over prior year to $2.1 billion​.PulteGroup Inc qtrly total revenues $‍2.13​ billion versus $1.94 billion last year.Q3 revenue view $2.30 billion -- Thomson Reuters I/B/E/S.PulteGroup Inc - ‍net new orders for Q3 increased 11% to 5,300 homes.PulteGroup Inc says ‍U.S. new home sales for 2017 are expected to grow a "healthy" 5% to 10% over last year​.  Full Article

PULTEGROUP SETS QUARTERLY CASH DIVIDEND OF $0.09 PER SHARE
Thursday, 7 Sep 2017 11:15am EDT 

Sept 7 (Reuters) - Pultegroup Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.09 PER SHARE.  Full Article

Pultegroup's ‍unit amends restated master repurchase agreement
Tuesday, 15 Aug 2017 11:06am EDT 

Aug 15 (Reuters) - Pultegroup Inc ::Pultegroup Inc - ‍Unit entered into fifth amendment to its amended and restated master repurchase agreement with Comerica Bank​.Says ‍amendment extends termination date to August 13, 2018 - SEC Filing​.Pultegroup Inc - Under amendment, adjusted tangible net worth requirement is increased to $70 million, and liquidity requirement is increased to $40 million.  Full Article

Pultegroup expects to deliver 5,400-5,600 homes in Q3
Tuesday, 25 Jul 2017 10:50am EDT 

July 25 (Reuters) - Pultegroup Inc ::Expects to deliver 5,400-5,600 homes in Q3 - conf call.Expects Q3, Q4 gross margin of 23.6%-24.1% - conf call.Expects FY gross margin of 23.7% - conf call.Lumber tariffs, forest fires in Canadian province to put pressure on H2 - conf call.  Full Article

PulteGroup Q2 adjusted earnings per share $0.47
Tuesday, 25 Jul 2017 06:30am EDT 

July 25 (Reuters) - Pultegroup Inc :Pultegroup inc - qtrly ‍home sale revenues increased 12% to $2.0 billion​.Pultegroup inc - net new orders for q2 increased 12% over prior year to 6,395 homes..Pultegroup reports second quarter 2017 financial results.Q2 adjusted earnings per share $0.47.Q2 earnings per share $0.32.Q2 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.Pultegroup inc qtrly total revenue $2.02 billion versus $1.80 billion.Pultegroup inc - qtrly ‍backlog increased 10% to 10,674 homes; backlog value increased 19% to $4.5 billion​.Pultegroup inc - believe housing demand can continue to move higher over coming quarters.Q2 revenue view $2.03 billion -- Thomson Reuters I/B/E/S.Pultegroup inc - ‍adjustments to company's reported results for quarter include a pretax charge of $121 million​.Pultegroup - charge of $121 million in quarter associated with co's previously announced decision to dispose of select non-core and underutilized land assets​.Pultegroup - ‍u.s. Housing demand continues to benefit from "positive market dynamics" including improving economy, job market, high consumer confidence​.  Full Article

Pultegroup renews four-year agreement with Whirlpool ​
Wednesday, 31 May 2017 08:06am EDT 

May 31 (Reuters) - Pultegroup Inc :Pultegroup Inc - ‍has renewed a four-year exclusive agreement with Whirlpool Corporation.​.Pultegroup Inc - ‍under this agreement, co will feature Amana, Whirlpool, Maytag, Kitchenaid and Jenn-Air brand home appliances in its new homes nationwide​.  Full Article

Pultegroup announces plans to sell select non-core assets following strategic review of its land portfolio
Monday, 8 May 2017 05:00pm EDT 

May 8 (Reuters) - PulteGroup Inc :PulteGroup announces plans to sell select non-core assets following a strategic review of its land portfolio.PulteGroup Inc says company expects to recognize a pre-tax impairment charge in range of $95 million to $125 million in Q2 ending June 30, 2017.PulteGroup will sell some currently inactive land parcels, representing about 4,600 lots, work to monetize 2 small communities representing additional 400 lots.Says expects to recognize a pre-tax impairment charge in range of $95 million to $125 million in Q2 ending June 30, 2017.  Full Article

PulteGroup Q1 earnings per share $0.28
Tuesday, 25 Apr 2017 06:30am EDT 

April 25 (Reuters) - Pultegroup Inc :Pultegroup inc - qtrly home sale revenues gained 14% to $1.6 billion; closings increased 7% to 4,225 homes.Pultegroup, inc. Reports first quarter 2017 financial results.Q1 earnings per share $0.28.Q1 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.Pultegroup inc - qtrly backlog value up 13% to $3.8 billion; backlog increased 6% to 9,323 homes.Q1 total revenues $1.63 billion versus $1.43 billion last year.Says for quarter, net new orders increased 8% to 6,126 homes.Q1 revenue view $1.75 billion -- Thomson Reuters I/B/E/S.  Full Article

Pultegroup CEO Ryan Marshall's 2016 total compensation was $3.8 mln vs $2.5 mln in 2015
Tuesday, 21 Mar 2017 05:22pm EDT 

Pultegroup Inc : Executive chairman Richard Dugas' FY 2016 total compensation $16.74 million versus $7.94 million in FY 2015 - sec filing . Pultegroup Inc - CEO Ryan Marshall's 2016 total compensation was $3.8 million versus $2.5 million in 2015 - sec filing .CFO Robert O'Shaughnessy's fy 2016 total compensation $3.8 million versus $2.5 million in fy 2015.  Full Article

Pulte bullish on housing demand, shares at more than 10-year high

PulteGroup Inc , the No. 3 U.S. homebuilder, reported a quarterly profit that edged past estimates on Tuesday and remained upbeat on housing demand despite hurricanes that curtailed operations, sending its shares to a more than 10-year record.