PulteGroup (PHM) Acquires Innovative Construction Group
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PulteGroup Reports Fourth Quarter 2019 Financial Results
January 28, 2020 6:30 AM ESTReported Net Income of $1.22 Per Share Adjusted Net Income of $1.14 Per Share Net New Orders Increased 33% to 5,691 Homes Closings Increased 2% to 6,822 Homes Home Sale Revenues Increased 1% to $2.9 Billion Unit Backlog Up 20% to 10,507 Homes Backlog Value Increased 18% to $4.5 Billion Year-end Cash Balance of $1.2 Billion; Debt-to-Total Capitalization Decreased to 33.6% Company Announces Purchase of Off-site Framing-Shell Manufacturer
ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter... More
PulteGroup Acquires Innovative Construction Group, Leading Off-site Solutions Provider
January 28, 2020 6:30 AM ESTATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM) announced today that it has acquired Innovative Construction Group (ICG), a leading off-site solutions provider focused on single family and multifamily wood framed construction. Based in Jacksonville, Florida, ICGs comprehensive framing solutions include design services, manufactured wall panels, roof trusses and floor systems, and on-site installation to provide a full frame shell construction process. ICG will remain a stand-alone operation and continue serving its existing customer base and builder clients.
The acquisition of ICG builds on PulteGroups unique commonly managed plan platform and its... More
