PulteGroup

#938

Rank

$18.42B

MarketCap US

US United States

Country

Summary
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2021, it controlled 228,296 lots, of which 109,078 were owned and 119,218 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. The company was founded in 1950 and is headquartered in Atlanta, Georgia.

History

In 1950, Bill Pulte, who was 18 years old, began building and selling houses. In 1956, the company was formed and was based in Bloomfield Hills, Michigan. In 1972, the company became a public company via an initial public offering. In 1998, PulteGroup acquired Divosta for an estimated $150 million. The company also acquired Radnor Homes. In 2001, the company acquired Del E. Webb Construction Company, founded by Del Webb, for $1.8 billion. In 2003, the company acquired Sivage-Thomas Homes. In 2009, Pulte Group acquired Centex for $1.3 billion in stock. In August 2014, the company acquired the real estate assets of Dominion Homes for $82 million.The company changed its name from Pulte Homes, Inc. to PulteGroup, Inc. in March 2010. The company moved its headquarters to Atlanta, Georgia in 2014. In 2016, Ryan Marshall became president and CEO of the company. In April 2019, the company acquired the homebuilding operations of American West Homes for $150 million.In 2016, the company won at 9th Annual Shorty Awards for real estate, and in 2022, it was named among Fortune Best Companies to Work For.


Mission
At PulteGroup, we have a commitment to honesty, integrity, quality, diversity, open communication, team work, ongoing training and development, and rewarding ambition.

Vision
Our vision is to be the most successful and respected homebuilding company in every market we serve. We strive every day to exceed our customers' expectations through exceptional customer service and by delivering high-quality, innovative new homes.

Key Team

Mr. Todd N. Sheldon (Exec. VP, Gen. Counsel & Corp. Sec.)

Ms. Michelle H. Hairston (Sr. VP of HR)

Mr. Joseph L. Drouin (VP & Chief Information Officer)

Mr. Manish M. Shrivastava (VP & Chief Marketing Officer)

Mr. James L. Ossowski (Sr. VP of Fin.)

Mr. James P. Zeumer (VP of Investor Relations & Corp. Communications)

Anthony W. Barbee (Area Pres of North Area)


Recognition and Awards
PulteGroup has been consistently lauded as a top company in numerous areas, including customer service, management, sales, and awards. In 2019, the company won the coveted “J.D. Power Award” for customer service. Other awards include the prestigious “Builder of the Year” award from Builder Magazine and the “Most Innovative Builder” award from Builder Magazine.

References
PulteGroup
Leadership team

Mr. Ryan R. Marshall (Pres, CEO & Director)

Mr. Robert T. O'Shaughnessy (Exec. VP & CFO)

Mr. John James Chadwick (Exec. VP & COO)

Products/ Services
Construction, Home Improvement, Real Estate, Residential
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1950
Company Registration
SEC CIK number: 0000822416
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
PHM
Social Media
Sun Mar 03 2024
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