Upcoming Dividend • Jun 09
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 16 June 2026. Payment date: 02 July 2026. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%). Aankondiging • May 21
PulteGroup, Inc. to Report Q2, 2026 Results on Jul 22, 2026 PulteGroup, Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 22, 2026 Declared Dividend • May 20
First quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 16th June 2026 Payment date: 2nd July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 01
PulteGroup, Inc. announces Quarterly dividend, payable on July 02, 2026 PulteGroup, Inc. announced Quarterly dividend of USD 0.2600 per share payable on July 02, 2026, ex-date on June 16, 2026 and record date on June 16, 2026. Aankondiging • Mar 16
PulteGroup, Inc., Annual General Meeting, Apr 29, 2026 PulteGroup, Inc., Annual General Meeting, Apr 29, 2026. Aankondiging • Feb 23
PulteGroup, Inc. to Report Q1, 2026 Results on Apr 23, 2026 PulteGroup, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 23, 2026 Aankondiging • Feb 09
Pultegroup, Inc. Appoints Kristin Gannon as Independent Director and Committee Member, Effective February 10, 2026 PulteGroup, Inc. announced the appointment of Kristin Gannon, Managing Director at Eastdil Secured, as a new independent director to its Board, effective February 10, 2026., to serve until the Company’s 2026 annual meeting of shareholders and until her successor is elected and qualified. The Board has determined that Ms. Gannon is independent under the New York Stock Exchange listing standards and the Company’s Corporate Governance Guidelines. In addition, the Board appointed Ms. Gannon to serve on the Audit and the Nominating and Governance Committee of the Board. Ms. Gannon will serve on the Nominating and Governance Committee and the Audit Committee. Ms. Gannon is currently a Managing Director at Eastdil Secured, a global real estate investment bank providing commercial real estate and capital markets expertise, where she serves as global co-head of the firm’s Corporate Advisory and M&A Group. Earlier in her career, Ms. Gannon held senior investment banking roles at Goldman Sachs and Morgan Stanley, where she led real estate coverage and executed complex M&A and capital markets transactions across the industry. Over the course of her career, Ms. Gannon has advised on more than $150 billion in real estate mergers, financings, and strategic transactions. A graduate from the University of California, Berkeley with a BS in Business Administration and an MBA from the MIT Sloan School of Management, Ms. Gannon is a member of the Policy Advisory Board of the Fisher Center at UC Berkeley and the Urban Land Institute. Aankondiging • Feb 06
PulteGroup, Inc. Declares Quarterly Dividend on Common Shares, Payable on April 2, 2026 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.26 per common share payable April 2, 2026, to shareholders of record at the close of business on March 17, 2026. Aankondiging • Dec 04
PulteGroup, Inc. to Report Q4, 2025 Results on Jan 29, 2026 PulteGroup, Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 29, 2026 Aankondiging • Nov 20
PulteGroup, Inc. Increases Quarterly Cash Dividend, Payable on January 6, 2026 PulteGroup, Inc. announced that its Board of Directors has voted to increase the Company’s quarterly dividend by 18% to $0.26 per common share. The increase will be effective with the Company’s next scheduled dividend, which is payable January 6, 2026, to shareholders of record at the close of business on December 16, 2025. Aankondiging • Sep 04
PulteGroup Announces Quarterly Cash Dividend, Payable on October 2, 2025 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable October 2, 2025, to shareholders of record at the close of business on September 16, 2025. Aankondiging • Aug 26
PulteGroup, Inc. to Report Q3, 2025 Results on Oct 21, 2025 PulteGroup, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Aankondiging • Aug 21
PulteGroup Promotes Scott Bryson to Dallas Division President PulteGroup announced the promotion of Scott Bryson to president of its Dallas division. With nearly 20 years of experience with the Company, Bryson will lead all aspects of the division's homebuilding operations. In 2024, PulteGroup's Dallas division closed approximately 1,600 homes and generated revenue of $700 million. Bryson's promotion further represents the Company's commitment to developing leadership talent within the organization. His extensive experience spans nearly two decades with the Company, including leadership roles in finance and operations. Bryson joined PulteGroup in 2006 and transitioned to the Dallas market in 2008 as Director of Finance, where he has consistently excelled over the past 17 years, stepping into many leadership roles including Central Area VP of Finance before advancing to his most recent role as VP of Operations for the Dallas division. In January 2024 Bryson was selected as one of the participants in PulteGroup's Leadership Academy, an innovative organizational development program designed to prepare high-potential leaders for advancement into senior roles. Bryson’s extensive experience in both finance and operations provides him with the requisite skills needed to drive business performance while maintaining PulteGroup's commitment to quality and customer satisfaction. Aankondiging • Aug 12
PulteGroup, Inc. Appoints Chase Turner as Utah Division President, Effective June 30, 2025 PulteGroup, Inc. announced the appointment of Chase Turner as president of its Utah division. With more than 20 years of homebuilding and land acquisition experience, Turner will lead all strategic and operational activities for the division as PulteGroup continues its successful entry into the Utah market. Turner joins PulteGroup from Century Communities, where he most recently served as Division President for the Utah Division. Since PulteGroup's entrance into Utah in 2023, the Company has launched successful communities including Deep Creek at Jordanelle Ridge, Mountain Vista at Sunset Flats and Salem Foothills. The early success of these communities, along with a strong land pipeline, position the division for continued growth and expansion. Utah's robust population growth has created significant demand for new housing. State officials have recognized the need for increased construction. Turner's leadership experience positions PulteGroup'sUtah division to play a meaningful role in bringing high-quality housing options to meet this growing demand. Turner officially joined PulteGroup on June 30, 2025. Aankondiging • Aug 07
PulteGroup's Central Texas Division Breaks Ground on Del Webb Lost Pines Community, First 55+ Community in Austin Market After 30+ Years PulteGroup, Inc. announced that its Central Texas division has broken ground on Del Webb Lost Pines, the company's first 55+ active adult community in the Austin area in over three decades. The ceremony held on July 10th in Bastrop, Texas, signals PulteGroup's strategic expansion into one of the nation's fastest-growing retirement markets. Located within The Colony master-planned community in historic Bastrop, just 30 minutes from Austin, Del Webb Lost Pines will feature over 500 residences across 160 acres upon full buildout. The community is strategically positioned to serve the rapidly expanding 55+ demographic in Texas, which recently topped national rankings as the number one state for retirees. The project launched phase one of construction, featuring over 260 residences, with home sales and a grand opening anticipated in First Quarter 2026. The community will offer three home series, featuring one-story designs with open floor plans, spacious kitchens, and energy-efficient construction, all tailored to today's active- adult homebuyers who prioritize wellness, health, and social connection. Central to the Del Webb Lost Pines experience will be a amenity center expected to open in late 2026. The expansive clubhouse will feature a fitness center, aerobics classes, multi-purpose hobby rooms, golf simulator, and social spaces, while outdoor amenities include a resort-style pool, bocce and pickleball courts, and miles of walking trails throughout the naturally beautiful Texas Hill Country setting adjacent to the Colorado River. A full-time Lifestyle Director will oversee programming and events, ensuring residents have abundant opportunities to connect with neighbors and pursue their interests. Del Webb Lost Pines joins PulteGroup's national portfolio of active- adult communities, reinforcing the company's position as America's leading builder serving the 55+ market. The expansion into the Austin area demonstrates PulteGroup's strategic focus on high-growth markets where demographic trends and economic conditions align with demand for quality active- adult housing. Aankondiging • Jul 09
PulteGroup, Inc. Announces Retirement of Debra W. Still as Vice Chair of Pulte Financial Services PulteGroup, Inc. announced that Debra W. Still, CMB, Vice Chair of Pulte Financial Services, will retire at the end of 2025, concluding an extraordinary 42-year career with the Company. Still's remarkable tenure spans the transformation of both PulteGroup and the entire mortgage industry. Starting as a Branch Manager in 1983, she advanced through the Company and the industry to become one of the most respected leaders in housing finance, serving as President of Pulte Mortgage starting in 2004 and ultimately as CEO of Pulte Financial Services from 2010 to 2023 before transitioning to her current role as Vice Chair. Following her retirement from PulteGroup, Still will continue her board service with Chimera Investment Corporation, where she has served as a director since 2018, and Enact Holdings, Inc., where she joined the board in 2021. She will also maintain her involvement in various housing industry organizations. Eric Hart, who was named President and CEO of Pulte Financial Services in 2023, will continue to lead the organization. Aankondiging • Jun 18
PulteGroup Promotes Norman Brown to Southern California Division President PulteGroup announced the promotion of Norman Brown to president of its Southern California division. With nearly 23 years of experience with the Company, Brown will lead all aspects of the division’s homebuilding operations. In 2024, PulteGroup’s Southern California division generated homebuilding revenues of approximately $850 million. Brown's promotion represents PulteGroup's commitment to developing leadership talent from within the organization. His extensive experience spans both the Southern California and Arizona markets, providing him with deep expertise in West area operations. Brown joined PulteGroup through the Del Webb merger in 2001 and was selected as one of the participants in PulteGroup's Leadership Academy, a strategic program designed to prepare high-potential leaders for advancement into senior roles. Aankondiging • May 28
PulteGroup, Inc. to Report Q2, 2025 Results on Jul 22, 2025 PulteGroup, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Aankondiging • May 01
Pultegroup, Inc. Announces Quarterly Cash Dividend, Payable on July 2, 2025 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable July 2, 2025, to shareholders of record at the close of business on June 17, 2025. Aankondiging • Mar 21
J. Phillip Holloman Does Not Stand for Re-Election as Member of the Board of Directors of PulteGroup, Inc On March 13, 2025, J. Phillip Holloman, a member of the Board of Directors of PulteGroup, Inc., informed the Board of his decision to not stand for re-election at the end of his current term at the Company’s 2025 annual meeting of shareholders scheduled to be held on April 30, 2025, due to other time commitments. Mr. Holloman’s decision did not result from any disagreement with the Company, its management or the Board on any matter, whether related to the Company’s operations, policies, practices or otherwise. The Board and the Company wish to thank Mr. Holloman for his years of dedicated service on the Board. In connection with Mr. Holloman’s decision to not stand for re-election, effective as of the Annual Meeting, the size of the Board will be reduced from eleven members to ten members. Aankondiging • Mar 17
PulteGroup, Inc., Annual General Meeting, Apr 30, 2025 PulteGroup, Inc., Annual General Meeting, Apr 30, 2025. Aankondiging • Mar 03
PulteGroup Inc. Introduces Del Webb Explore - The Next Generation of Resort Living PulteGroup Inc. introduced a new resort lifestyle-inspired brand targeting homebuyers of any generation: Del Webb Explore. Del Webb Explore addresses the demand from Gen X buyers seeking resort-style living. This new offering captures the essence of Del Webb's signature resort experience, which features amenities such as clubhouses, high-end fitness centers, zero-entry lagoon-shaped pools, pickleball courts, walking trails and more, without the limitation of being 55 or older. The first Del Webb Explore communities are planned for Southern California and the Tampa Bay Area, with nationwide expansion already in motion. In its extensive market research, PulteGroup identified an important difference between Del Webb's traditional Booomer buyers compared with today's Gen X consumers. A generation comprising 63 million people, who are 45-60 in 2025, Gen X is a diverse demographic with many seeking luxury, resort-style communities that address their wants and needs. PulteGroup's research showed that 40% of potential Del Webb buyers desired the brand's renowned active lifestyle, but without the limitation of having to be 55 or older. These buyers cited multiple reasons, such as having older children living with them, needing to help care for grandchildren, being younger than a traditional active adult buyer, and simply wanting to live around people of varying ages. Del Webb Explore communities are designed for an important demographic and buyer who is ready to embrace resort-style living on their terms. These communities draw buyers who appreciate luxury amenities, from fitness centers to thoughtfully designed gathering spaces to foster natural connections with neighbors and accommodate vibrant social calendars filled with wine tastings, pickleball tournaments, and more. Del Webb Explore homes include open-concept floor plans optimized for entertaining and everyday living, luxurious finishes, and flexible spaces to accommodate a dynamic lifestyle that includes friends and family of all ages. The homes also include desired features like zero-entry showers, widened hallways, and carefully planned storage. Designs have been fine-tuned based on homeowner feedback, resulting in floorplans that are Life Tested. Del Webb Explore Palm Desert is the first community in Southern California, with sales opened on February 15th, 2025. The community marks the division's return to the desert, where the company has a long and successful history of building resort-style communities. It is being created on 71 acres of land and will have 332 units at build-out. Del Webb Explore North River Ranch will be in the bustling North River Ranch master-planned development between Tampa and Sarasota. Amenities include a lazy river, covered pickleball courts, and a private clubhouse with a poolside bar and grill. Located on 413 acres, the community will feature 901 homes complete with tile roofs, paver drives, and luxurious finishes. Aankondiging • Feb 25
PulteGroup, Inc. to Report Q1, 2025 Results on Apr 22, 2025 PulteGroup, Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 22, 2025 Aankondiging • Feb 21
Pultegroup, Inc. Pilots Innovative New Construction Process PulteGroup continued to test innovative new technologies with the successful pilot of robotic-assisted construction. The test was conducted in the company's DiVosta community of TerraWalk at Babcock Ranch, America's first solar-powered town, representing the latest advancement in PulteGroup's ongoing efforts to advance homebuilding through technology and innovation. PulteGroup partnered with Australian-based FBR for this demonstration and utilized its Hadrian X®? system, an AI-guided construction robot capable of building structural walls in a single day. The automated system uses an advanced robotic arm to precisely place concrete blocks that are secured using a specialized adhesive which bonds twice as strong as traditional mortar. This build marks one of only 10 homes in the United States constructed using this advanced system, positioning PulteGroup at the forefront of construction innovation. PulteGroup built this home's structural walls using artificial intelligence and robotic technology while maintaining its signature quality. This innovative construction method enhances safety, minimizes waste and accelerates build times. The successful build shows how emerging technologies can streamline construction and points to new possibilities for automated homebuilding nationwide. The robotic construction demonstration showcases the latest addition to PulteGroup's initiatives at Babcock Ranch, where its Innovation Way living laboratory tests and refines emerging technologies and construction methods. Projects range from Ford F-150 Lightning power backup solutions to sustainable building practices, smart home automation and more. Aankondiging • Feb 06
PulteGroup, Inc. Announces Quarterly Cash Dividend, Payable on April 2, 2025 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.22 per common share payable April 2, 2025, to shareholders of record at the close of business on March 18, 2025. Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Kristen Actis-Grande was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 05
PulteGroup, Inc. to Report Q4, 2024 Results on Jan 30, 2025 PulteGroup, Inc. announced that they will report Q4, 2024 results Pre-Market on Jan 30, 2025 Aankondiging • Nov 14
PulteGroup, Inc. Increases Quarterly Cash Dividend, Payable on January 3, 2025 PulteGroup, Inc. announced that its Board of Directors has voted to increase the Company’s quarterly cash dividend by 10% to $0.22 per common share. The increase will be effective with the Company’s next scheduled dividend, which is payable January 3, 2025, to shareholders of record at the close of business on December 17, 2024. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$3.38 (vs US$2.92 in 3Q 2023) Third quarter 2024 results: EPS: US$3.38 (up from US$2.92 in 3Q 2023). Revenue: US$4.48b (up 12% from 3Q 2023). Net income: US$697.9m (up 9.6% from 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 09
Second quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 17th September 2024 Payment date: 2nd October 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 13%. Aankondiging • Sep 05
PulteGroup, Inc. Announces Quarterly Cash Dividend, Payable on October 2, 2024 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.20 per common share payable October 2, 2024, to shareholders of record at the close of business on September 17, 2024. Recent Insider Transactions • Aug 28
Executive VP & CFO recently sold €8.6m worth of stock On the 23rd of August, Robert O’Shaughnessy sold around 71k shares on-market at roughly €120 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Robert has been a net seller over the last 12 months, reducing personal holdings by €12m. Aankondiging • Aug 27
PulteGroup, Inc. to Report Q3, 2024 Results on Oct 22, 2024 PulteGroup, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 22, 2024 Aankondiging • Aug 20
PulteGroup, Inc. Announces Executive Changes PulteGroup, Inc. announced the appointment of Mike Guhl as Senior Vice President and Chief Information Officer (CIO), effective August 19, 2024. He replaces current CIO, Joe Drouin, who is retiring effective October 1, 2024. Mike Guhl joins PulteGroup from HD Supply, where he has served as CIO since 2020. His extensive experience in IT leadership includes key roles at Slalom Consulting and Home Depot. Guhl is also a proud veteran, having served as a Captain in the US Air Force. In his new role, Guhl will be responsible for overseeing all aspects of PulteGroup’s IT strategy and operations, ensuring that technology infrastructure supports business objectives and enhances ability to deliver exceptional service to customers and stakeholders. Recent Insider Transactions • Aug 06
Executive VP & CFO recently sold €3.5m worth of stock On the 1st of August, Robert O’Shaughnessy sold around 29k shares on-market at roughly €120 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$3.86 (vs US$3.23 in 2Q 2023) Second quarter 2024 results: EPS: US$3.86 (up from US$3.23 in 2Q 2023). Revenue: US$4.60b (up 9.8% from 2Q 2023). Net income: US$809.1m (up 13% from 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €114, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Durables industry in Europe. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €183 per share. Aankondiging • Jul 10
Pulte Homes Announces First Utah Community in More Than Twenty Years Pulte Homes announced the pre-sale launch of Deep Creek at Jordanelle Ridge, marking its return to the Utah market after nearly two decades. This stunning new community, nestled amidst the breathtaking Uinta mountainside in Heber City, offers the perfect blend of outdoor adventure and convenient living. Deep Creek at Jordanelle Ridge residents will enjoy the tranquility of mountain living while remaining conveniently close to the action. Located just off I-40, the community is a mere 15 minutes from the world-renowned resort town of Park City, with its acclaimed ski slopes, delectable restaurants, and championship golf courses. Outdoor enthusiasts will find themselves at the center of Utah's adventure playground, with easy access to state parks, hiking trails, and all the recreational activities the state has to offer. Salt Lake City International Airport is also conveniently situated approximately 45 minutes away. Upcoming Dividend • Jun 11
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 02 July 2024. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.1%). Aankondiging • May 30
PulteGroup, Inc. to Report Q2, 2024 Results on Jul 23, 2024 PulteGroup, Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024 Declared Dividend • May 13
First quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 18th June 2024 Payment date: 2nd July 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 10%. Aankondiging • May 08
Pultegroup, Inc. Announces Quarterly Cash Dividend, Payable July 2, 2024 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.20 per common share payable July 2, 2024, to shareholders of record at the close of business on June 18, 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$3.13 (vs US$2.35 in 1Q 2023) First quarter 2024 results: EPS: US$3.13 (up from US$2.35 in 1Q 2023). Revenue: US$3.95b (up 10% from 1Q 2023). Net income: US$663.0m (up 25% from 1Q 2023). Profit margin: 17% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 31% per year. Aankondiging • Apr 12
PulteGroup Appoints Brian Fogarty as President of the Colorado Division PulteGroup announced it has named Brian Fogarty as president of the Colorado division. With 20 years of real estate development experience, Fogarty will lead all aspects of the company’s homebuilding operations in the greater Denver area. Fogarty joins PulteGroup after most recently serving as regional president of Century Communities’ Texas Area. In this role, he oversaw the expansion and growth of four major markets – Houston, Dallas/Fort Worth, Austin and San Antonio. Fogarty also has vast experience in land acquisition as he served as corporate senior vice president, land at Century Communities where he led national land acquisition and asset management activities across 18 states and 45 markets. Fogarty holds a Bachelor of Arts degree from the University of California, Berkeley and is a member of Urban Land Institute’s National Suburban Development and Redevelopment Council. Aankondiging • Mar 23
PulteGroup, Inc., Annual General Meeting, May 06, 2024 PulteGroup, Inc., Annual General Meeting, May 06, 2024, at 13:00 Eastern Standard Time. Agenda: To consider Election of eleven nominees for director named in this Proxy Statement; Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for 2024; Say-on-pay: Advisory vote to approve executive compensation; and to discuss other matters. Aankondiging • Mar 07
Pulte Homes Unveils Latest Addition of Boston-Area Residences Pulte Homes announced the grand opening of its newest Boston-area community, Rookery Lane at Concord. Ideally located approximately 20 miles northwest of Boston, Rookery Lane atord represents an opportunity for sophisticated contemporary living in a charming setting. Comprising of only six homes - four single-family residences and two townhomes - Rookery Lane at Concord isveloped by conservation areas, farmlands, and scenic hiking trails. Three upscale home designs are offered ranging from 3,216 to over 5,000 square feet. These residences boast ample natural light, versatile rooms for personalization, finished basements, the option for wood-burning fireplaces, and a selection of top-tier finishes. Tailor home with premium features such as Wolf appliances, Subzero refrigerators, butler's pantries, and beyond. Tucked away amidst abundant dining, shopping, and recreational opportunities, Rookery Lane atCon provides convenient access to Concord and Boston via scenic roads and major interstates. Outdoor enthusiasts can explore nearby hiking trails and parks, perfect for enjoying Massachusetts' beautiful weather with family and pets. Prices start at $1,339,995 for attached homes and from $2.1M for single-family homes. Rookery Lane at Concord are located off Rt. 117 adjacent to Pulte's Cold Brook Crossing community where can meet with a Sales Consultant. Interested buyers are encouraged to visit the community to learn more or visit Pulte.com/RookeryLane. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 5.8% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.2%). Aankondiging • Feb 28
PulteGroup, Inc. to Report Q1, 2024 Results on Apr 23, 2024 PulteGroup, Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024 Aankondiging • Feb 22
HW Holdco, LLC acquired Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others. HW Holdco, LLC acquired Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others on February 21, 2024. Vestra Advisors, LLC is acting as exclusive financial advisor to Builders Digital Experience (BDX) and Morrison & Foerster LLP is acting as BDX’s legal advisor. Gibson, Dunn & Crutcher LLP is acting as Zonda’s legal advisor.HW Holdco, LLC completed the acquisition of Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others on February 21, 2024. Declared Dividend • Feb 04
Fourth quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 14th March 2024 Payment date: 2nd April 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 01
PulteGroup, Inc. Declares Quarterly Dividend, Payable on April 2, 2024 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.20 per common share payable April 2, 2024, to shareholders of record at the close of business on March 15, 2024. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: US$11.83 (vs US$11.07 in FY 2022) Full year 2023 results: EPS: US$11.83 (up from US$11.07 in FY 2022). Revenue: US$16.1b (down 1.0% from FY 2022). Net income: US$2.60b (flat on FY 2022). Profit margin: 16% (in line with FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 11
Upcoming dividend of US$0.20 per share at 0.8% yield Eligible shareholders must have bought the stock before 18 December 2023. Payment date: 03 January 2024. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.6%). Aankondiging • Dec 07
PulteGroup, Inc. to Report Q4, 2023 Results on Jan 30, 2024 PulteGroup, Inc. announced that they will report Q4, 2023 results Pre-Market on Jan 30, 2024 Aankondiging • Nov 30
PulteGroup, Inc. Announces Return to Salt Lake City, Utah Market PulteGroup, Inc. has announced plans to reenter the Salt Lake City market. Beginning with two new construction communities under its Pulte Homes brand, the Company will offer single-family homes and townhomes in Jordanelle Ridge, a new master planned community in Heber. Both communities are expected to grand open in early 2024. Pulte's new Deep Creek at Jordanelle Ridge communities will feature 64 single-family homes and 114 townhomes at buildout. The single-family home community will offer eight floorplans ranging from 2,400 to 2,900+ square feet. There will be four three-story attached home designs from 2,300 to 2400+ square feet for buyers to choose from in the townhome community. Jordanelle Ridge is located near I-40, just 15 minutes outside of prestigious Park City, home to world-class ski resorts, restaurants, golf courses, and several state parks. Conveniently situated near Heber and Midway, the Salt Lake City International Airport is less than an hour drive. The community features stunning views of the Jordanelle Reservoir and Wasatch Mountain Range. When complete, residents of the master planned community will enjoy a robust amenity package, including mountain bike and hiking trails, a golf park, ice skating rink, and multiple clubhouses. Aankondiging • Nov 17
Pultegroup Announces Increase to Quarterly Cash Dividend , Payable on January 3,2024 PulteGroup, Inc. announced that its Board of Directors has voted to increase the Company’s quarterly dividend by 25% to $0.20 per common share. The increase will be effective with the Company’s next scheduled dividend, which is payable January 3, 2024, to shareholders of record at the close of business on December 19, 2023. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €79.04, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €90.94 per share. Aankondiging • Oct 27
PulteGroup, Inc. Promotes Michelle Gregorec to Arizona Division President PulteGroup, Inc. announced the promotion of Michelle Gregorec to president of its Arizona division. With more than two decades of experience with the Company in this market, Michelle will lead all aspects of its homebuilding operations in the greater Phoenix and Tucson areas. Michelle previously held the position of Vice President of Finance for PulteGroup’s Arizona division, afterfirst joining the Company in 1998. She graduated from the W.P. Carey School of Business at Arizona StateUniversity and is a licensed Certified Public Accountant (CPA) in the state of Arizona. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$2.93 (vs US$2.70 in 3Q 2022) Third quarter 2023 results: EPS: US$2.93 (up from US$2.70 in 3Q 2022). Revenue: US$4.00b (up 1.5% from 3Q 2022). Net income: US$638.8m (up 2.3% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 14
PulteGroup, Inc. to Report Q3, 2023 Results on Oct 24, 2023 PulteGroup, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 24, 2023 Aankondiging • Sep 07
Pultegroup, Inc. Declares Quarterly Dividend, Payable October 3, 2023 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.16 per common share payable October 3, 2023, to shareholders of record at the close of business on September 18, 2023. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$3.24 (vs US$2.74 in 2Q 2022) Second quarter 2023 results: EPS: US$3.24 (up from US$2.74 in 2Q 2022). Revenue: US$4.19b (up 6.7% from 2Q 2022). Net income: US$720.3m (up 11% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 25
PulteGroup, Inc.(NYSE:PHM) dropped from Russell 1000 Growth Index PulteGroup, Inc.(NYSE:PHM) dropped from Russell 1000 Growth Index Aankondiging • Jun 15
PulteGroup, Inc. to Report Q2, 2023 Results on Jul 25, 2023 PulteGroup, Inc. announced that they will report Q2, 2023 results on Jul 25, 2023 Upcoming Dividend • Jun 09
Upcoming dividend of US$0.16 per share at 0.9% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 5.2% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Aankondiging • May 24
PulteGroup, Inc. Appoints Kevin A. Henry as New Chief People Officer PulteGroup Inc. hired Kevin A. Henry as its new chief people officer. Henry will join the company as executive vice president and CPO on June 20, PulteGroup announced. He previously served as CPO at BlueLinx Holdings Inc. Henry will leave BlueLinx Holdings on June 2. Henry has more than 30 years of experience in human resources at major corporations, according to the announcement. In addition to his time at BlueLinx Holdings, Henry's resume includes experience as CPO at Extended Stay America, a hotel operator with more than 700 locations nationwide. He has also worked at companies such as Snyder-Lance Inc., Coca-Cola Bottling Co. Consolidated, and Nationwide Credit Corp. Henry is a graduate of Cornell University, per the announcement. He serves on the board of directors of Saia Inc., a publicly traded logistics and distribution company, and on the board of advisors for the African American Leadership Academy of Charlotte. Aankondiging • May 17
Pultegroup, Inc. Announces Executive Changes PulteGroup, Inc. announced that on May 16, 2023, Matthew Koart was appointed Executive Vice President and Chief Operating Officer of the Company, effective May 18, 2023 . The Board of Directors of the Company determined that Mr. Koart was the most qualified candidate for the COO position following an extensive search. Mr. Koart, age 59, will join the Company after having served as Chief Executive Officer of Shapell Industries from 2008 to 2011 and having owned and operated a real estate development business over the last 12 years. Since 2011, Koart has been President of Koart Residential, Inc., a company he founded that was engaged in all facets of residential real estate acquisition, entitlement, development and construction, including supplying entitled and developed lots to the production homebuilding industry. Prior to founding his own company, Koart was CEO of Shapell Industries, a California-based diversified real estate company involved in both residential and commercial construction. From 1996 to 2008, Koart spent 12 years with PulteGroup, advancing through a series of leadership roles serving as a division, region and area president. He earned both a BS and Juris Doctor from the University of Southern California. Aankondiging • May 09
Pulte Homes Now Selling in Vineyards at Chatham Park Chatham Park announced that Pulte Homes is now selling in Vineyards at Chatham Park. Pulte Homes will build three of its most popular, consumer-inspired single-family home designs with prices starting from the low $500s. These homes range from 2,579-2,986 square feet with 3-5 bedrooms and 2.5-4 bathrooms, with personalization options, including gourmet kitchens, sunrooms, screen lanais, private owner's retreats with sitting rooms, and more. Pulte's new model homes, and sales and design center are open with a sales team onsite and open for sales. Chatham Park is a unique community built upon a foundation of innovation, connectivity, quality design, healthy balance, and stewardship. Those who choose to build with Pulte Homes in Chatham Park will benefit from an array of offerings that align with these goals, including ecoSelect homes, a reclaimed water treatment system, a solar farm, community paths and trails, and more. In addition, Chatham Park offers lifestyle-enhancing amenities, including Penguin Place, which offers several dining options, including Mi Cancun, Root Cellar, and Marco's Pizza, and other essential services, such as eye care, real estate, and financial planning. Residents of Chatham Park also enjoy close proximity to MOSAIC at Chatham Park, a 44-acre live-work-play-learn mixed-use development with shopping, dining, coworking, and entertainment, as well as space for businesses and health care facilities. Aankondiging • May 05
PulteGroup Announces Quarterly Cash Dividend, Payable on July 5, 2023 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.16 per common share payable July 5, 2023, to shareholders of record at the close of business on June 20, 2023. Recent Insider Transactions • Apr 30
Independent Director recently sold €910k worth of stock On the 28th of April, Brian Anderson sold around 15k shares on-market at roughly €60.66 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: US$2.36 (vs US$1.84 in 1Q 2022) First quarter 2023 results: EPS: US$2.36 (up from US$1.84 in 1Q 2022). Revenue: US$3.58b (up 12% from 1Q 2022). Net income: US$532.3m (up 18% from 1Q 2022). Profit margin: 15% (in line with 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 10
Upcoming dividend of US$0.16 per share at 1.2% yield Eligible shareholders must have bought the stock before 17 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.0%). Recent Insider Transactions • Mar 05
Executive VP recently sold €812k worth of stock On the 2nd of March, Todd Sheldon sold around 16k shares on-market at roughly €50.76 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Recent Insider Transactions • Feb 16
Executive Officer recently sold €1.6m worth of stock On the 14th of February, John Chadwick sold around 30k shares on-market at roughly €52.76 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Recent Insider Transactions • Feb 05
Insider recently sold €270k worth of stock On the 2nd of February, Brien O’Meara sold around 5k shares on-market at roughly €54.88 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €929k more than they bought in the last 12 months. Aankondiging • Feb 02
PulteGroup, Inc. Announces Quarterly Cash Dividend, Payable on April 4, 2023 PulteGroup, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.16 per common share payable April 4, 2023, to shareholders of record at the close of business on March 20, 2023. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: US$11.14 (vs US$7.44 in FY 2021) Full year 2022 results: EPS: US$11.14 (up from US$7.44 in FY 2021). Revenue: US$16.2b (up 17% from FY 2021). Net income: US$2.62b (up 36% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 10.0% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 15
PulteGroup, Inc. to Report Q4, 2022 Results on Jan 31, 2023 PulteGroup, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 31, 2023 Upcoming Dividend • Dec 06
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 13 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 6.0% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.3%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director James Holloman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: US$2.72 (vs US$1.83 in 3Q 2021) Third quarter 2022 results: EPS: US$2.72 (up from US$1.83 in 3Q 2021). Revenue: US$3.94b (up 13% from 3Q 2021). Net income: US$627.9m (up 33% from 3Q 2021). Profit margin: 16% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 14
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 21 September 2022. Payment date: 04 October 2022. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.9%). Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$2.76 (vs US$1.91 in 2Q 2021) Second quarter 2022 results: EPS: US$2.76 (up from US$1.91 in 2Q 2021). Revenue: US$3.93b (up 17% from 2Q 2021). Net income: US$652.4m (up 31% from 2Q 2021). Profit margin: 17% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 3.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €34.61, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Total returns to shareholders of 25% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.0%). Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$1.85 (vs US$1.14 in 1Q 2021) First quarter 2022 results: EPS: US$1.85 (up from US$1.14 in 1Q 2021). Revenue: US$3.19b (up 17% from 1Q 2021). Net income: US$454.7m (up 51% from 1Q 2021). Profit margin: 14% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director James Holloman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (2.5%). Recent Insider Transactions • Mar 02
Executive VP & COO recently sold €659k worth of stock On the 28th of February, John Chadwick sold around 15k shares on-market at roughly €43.68 per share. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$7.51 (up from US$5.19 in FY 2020). Revenue: US$13.9b (up 26% from FY 2020). Net income: US$1.95b (up 40% from FY 2020). Profit margin: 14% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 19%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 04 January 2022. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.1%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$1.83 (vs US$1.54 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$3.48b (up 18% from 3Q 2020). Net income: US$471.7m (up 14% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director James Holloman was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$1.92 (vs US$1.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.36b (up 30% from 2Q 2020). Net income: US$503.4m (up 46% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • Jun 03
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 02 July 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.2%). Recent Insider Transactions • May 04
Independent Director recently sold €74k worth of stock On the 30th of April, Brian Anderson sold around 2k shares on-market at roughly €49.29 per share. In the last 3 months, there was an even bigger sale from another insider worth €326k. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS US$1.14 (vs US$0.75 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.73b (up 19% from 1Q 2020). Net income: US$301.7m (up 49% from 1Q 2020). Profit margin: 11% (up from 8.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Is New 90 Day High Low • Mar 12
New 90-day high: €41.00 The company is up 18% from its price of €34.60 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.51 per share. 
