$PHM (PulteGroup, Inc.)

$PHM {{ '2016-01-28T11:58:53+0000' | timeago}} • Announcement

$PHM CEO Richard Dugas said that the company saw significant increase in 4Q15 operating performance helped by gains in order rates, closings, pricing and margins, while at the same time, 26% higher backlog value of $2.5Bil is expected boost earnings growth in 2016.

$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.

$PHM {{ '2016-10-20T12:24:40+0000' | timeago}} • Announcement

No.3 U.S. homebuilder $PHM reported a higher quarterly profit for 3Q16 as falling mortgage rates and job growth boosted sales. The company's quarterly profit rose 19% to $0.37 per share as revenue increased 29% to $1.9Bil. Net new orders, an important metric that indicates order growth, rose 17% while value of net new orders increased 25%.

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