PulteGroup (PHM) Misses Q4 EPS by 1c, Approves $500M Buyback
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PulteGroup Reports Fourth Quarter 2017 Financial Results
January 30, 2018 6:30 AM ESTReported Net Income of $0.26 Per Share Inclusive of Income Tax and Land Charges Partially Offset By Favorable Insurance AdjustmentsAdjusted Net Income of $0.85 Per Share Increased 27% Over Prior Year Q4 Adjusted Net Income of $0.67 Per ShareHome Sale Revenues Increased 12% to $2.7 BillionValue of Net New Orders Increased 22% to $2.0 Billion; Net New Orders Gained 14% to 4,805 HomesBacklog Value Increased 35% to $4.0 Billion; Unit Backlog Increased 21% to 8,996 HomesCompany Repurchased 7.6 Million Shares of Stock During the Quarter for $251 MillionCompany Announces $500 Million Increase to Share Repurchase... More
PulteGroup Announces $500 Million Increase to Share Repurchase Plan
January 30, 2018 6:30 AM ESTATLANTA, Jan. 30, 2018 (GLOBE NEWSWIRE) -- PulteGroup, Inc. (NYSE: PHM) announced today that the Companys Board of Directors has approved a $500 million increase to its share repurchase plan. As of December 31, 2017, the Company had $94 million of authorization remaining in its share repurchase plan.Â
Since reestablishing our share repurchase program in 2013, we have returned over $2.3 billion to shareholders through our share repurchases, said Ryan Marshall, President and CEO of PulteGroup. This return of capital is consistent with our stated allocation priorities which are to invest in our business, pay our dividend and return excess capital to... More
