PulteGroup (PHM) Tops Q1 EPS by 53c

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PulteGroup (PHM) Increases Share Buyback by $1B

April 25, 2023 6:25 AM EDT

PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has approved a $1.0 billion increase to the Companys share repurchase authorization. This increase brings the Companys total share repurchase authorization to $1.2 billion.

Given the strong operating and financial results of our homebuilding operations, we continue to strategically allocate capital to grow our business over time, while maintaining an appropriate... More