$PHM (PulteGroup, Inc.)

$PHM {{ '2015-10-22T11:56:57+0000' | timeago}} • Announcement

Homebuilder $PHM reported earnings of $0.30 per share in 3Q15, which included net charges of $0.03 per share resulting from litigation-related reserve adjustments. Earnings declined about 19% and net income dropped 23% from last year.

$PHM {{ '2017-09-07T15:25:16+0000' | timeago}} • Announcement

$PHM has declared a quarterly cash dividend of $0.09 per common share payable Oct 3, 2017, to shareholders of record as on Sept 19, 2017.

$PHM {{ '2017-05-08T21:18:03+0000' | timeago}} • Announcement

$PHM plans to dispose of select non-core and underutilized land assets, representing about 4,600 lots. PulteGroup expects to recognize a pre-tax impairment charge of $95-125MM due to the disposal.

$PHM {{ '2017-05-03T11:58:36+0000' | timeago}} • Announcement

$PHM's Board of Directors declared a quarterly cash dividend of $0.09 per common share payable July 5, 2017, to shareholders of record on June 8, 2017.

$PHM {{ '2017-04-25T19:31:43+0000' | timeago}} • Webcast

For FY17, $PHM expects SGA to be in the range of 12-12.5%, an improvement of 50 BP from the prior guidance.

$PHM {{ '2017-04-25T19:18:30+0000' | timeago}} • Webcast

$PHM stated that it has about 250 new communities that are opening throughout the year 2017.

$PHM {{ '2017-04-25T18:34:42+0000' | timeago}} • Webcast

Builder $PHM stated that demand environment was generally strong in 1Q17, especially in California, Arizona, Texas, mid-west and Florida. It added that heavy rains during the quarter did not impact demand, but will affect its development timelines.

$PHM {{ '2017-04-25T12:07:05+0000' | timeago}} • Announcement

During 1Q17, $PHM repurchased 4.7MM common shares for $100MM, or an average price of $21.30 per share.

$PHM {{ '2017-04-25T12:05:54+0000' | timeago}} • Announcement

In 1Q17, $PHM's net new orders rose 8% to 6,126 homes, while the dollar value of net new orders increased 16% YoY to $2.4Bil. Backlog at the quarter end totaled 9,323 homes, valued at $3.8Bil, compared with prior-year backlog of 8,755 homes, valued at $3.4Bil.

$PHM {{ '2017-04-25T12:01:53+0000' | timeago}} • Announcement

Homebuilder $PHM boosted its 1Q17 revenue 14% to $1.6Bil, driven by a 7% growth in closings to 4,225 homes as well as 6% increase in average selling price to $375,000. Net income was $91.5MM, or $0.28 per share, compared to $83.3MM, or $0.24 per share in the year-ago quarter.

$PHM {{ '2017-03-16T14:14:55+0000' | timeago}} • Announcement

$PHM announced that Todd Sheldon will join the company as EVP, general counsel and corporate secretary, effective March 20, 2017. He joins $PHM from Atlanta-based Americold, and will report to CEO Ryan Marshall.

$PHM {{ '2017-02-10T14:44:20+0000' | timeago}} • Announcement

$PHM's BoD declared a quarterly cash dividend of $0.09 per common share. The dividend is payable on April 4, 2017, to shareholders of record at the close of business on March 10, 2017.

$PHM {{ '2017-01-26T11:58:59+0000' | timeago}} • Announcement

$PHM's backlog at the end of 2016 were 7,422 homes, valued at $2.9Bil. The company ended the year with a cash balance of $723MM. In addition, the company repurchased 13.2MM common shares for $252MM during 4Q16.

$PHM {{ '2017-01-26T11:56:31+0000' | timeago}} • Announcement

For 4Q16, $PHM's net new orders increased 15% over the prior year to 4,202 homes. The dollar value of orders increased 22% to $1.7Bil. The company ended FY16 with 726 active communities, which represents an increase of 17% YoverY.

$PHM {{ '2017-01-26T11:53:21+0000' | timeago}} • Announcement

$PHM reported a 20% YoverY jump in its 4Q16 earnings to $273.2MM, or $0.83 per diluted share. Revenue grew 21% to $2.5Bil, with home sale revenue growing 21% YoverY. Higher revenue were driven by a 9% increase in closings to 6,197 homes, combined with an 11% increase in average selling price to $391,000.

$PHM {{ '2016-12-09T14:19:17+0000' | timeago}} • Announcement

$PHM's BoD declared a quarterly cash dividend of $0.09 per common share, payable Jan. 3, 2017, to shareholders of record at the close of business on Dec. 20, 2016.

$PHM {{ '2016-10-20T14:05:19+0000' | timeago}} • Webcast

Commenting on the SG&A trends, $PHM said the current run rate target is 10%. The company is already benefitting by taking actions to reduce the target by 100 BP to 9% for 2017.

$PHM {{ '2016-10-20T13:52:28+0000' | timeago}} • Webcast

Regarding the land spend, $PHM said the total spend was $640 MM, which includes land development of $374MM and land acquisition of $266MM. This brings about $1.9Bil for FY16, which is in line with the company's guidance.

$PHM {{ '2016-10-20T13:12:46+0000' | timeago}} • Webcast

$PHM expects 4Q16 order conversion rate to be in the range of 62-64%, which represents an increase over 3Q16. $PHM now expects its average selling prices to be higher in the future, powered by a 11% growth in the backlog average selling prices.

$PHM {{ '2016-10-20T12:30:19+0000' | timeago}} • Announcement

$PHM said backlog value increased 20% in 3Q16 over the prior year to $3.7Bil, as the number of homes in backlog increased 8% to 9,417 homes.  The average price of homes in backlog was $393,000, which is up 11% over last year.

$PHM {{ '2016-10-20T12:27:39+0000' | timeago}} • Announcement

$PHM, which competes with $DHI, $LEN and $KBH, said average home price rose to $374,000 from $336,000 a year earlier. The number of homes sold increased to 5,037 from 4,356 units. Chief Executive Ryan Marshall said housing demand remains on a sustained path of recovery fueled by ongoing job creation.

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