ATLANTA, April 11, 2016 /PRNewswire/ -- A
spokesperson for PulteGroup, Inc. (NYSE: PHM) today provided the
following statement:
"We are disappointed that the Pultes continue to attempt to
destabilize the company's leadership and derail our successful
value creation strategy through their public statements.
Their attacks bear little resemblance to the facts.
"Since 2011, PulteGroup has generated $2.2 billion of pre-tax income, including pre-tax
income of $816 million in 2015.
In addition, PulteGroup's leadership team and Board have been
responsible stewards of capital, reducing the company's
debt-to-capital ratio from 60% at the end of 2011 to 30% at the end
of 2015, and, in 2015 alone, returning $559
million to shareholders through dividends and share
repurchases.
"The PulteGroup Board and management team will continue to stay
focused on delivering on the successful strategy it has been
executing since 2011."
Forward-Looking Statements
This press release includes
"forward-looking statements." These statements are subject to
a number of risks, uncertainties and other factors that could cause
our actual results, performance, prospects or opportunities, as
well as those of the markets we serve or intend to serve, to differ
materially from those expressed in, or implied by, these
statements. You can identify these statements by the fact
that they do not relate to matters of a strictly factual or
historical nature and generally discuss or relate to forecasts,
estimates or other expectations regarding future events.
Generally, the words "believe," "expect," "intend," "estimate,"
"anticipate," "project," "may," "can," "could," "might," "will" and
similar expressions identify forward-looking statements, including
statements related to expected operating and performing results,
planned transactions, planned objectives of management, future
developments or conditions in the industries in which we
participate and other trends, developments and uncertainties that
may affect our business in the future.
Such risks, uncertainties and other factors include, among other
things: interest rate changes and the availability of mortgage
financing; continued volatility in the debt and equity markets;
competition within the industries in which PulteGroup operates; the
availability and cost of land and other raw materials used by
PulteGroup in its homebuilding operations; the impact of any
changes to our strategy in responding to the cyclical nature of the
industry, including any changes regarding our land positions; the
availability and cost of insurance covering risks associated with
PulteGroup's businesses; shortages and the cost of labor; weather
related slowdowns; slow growth initiatives and/or local building
moratoria; governmental regulation directed at or affecting the
housing market, the homebuilding industry or construction
activities; uncertainty in the mortgage lending industry, including
revisions to underwriting standards and repurchase requirements
associated with the sale of mortgage loans; the interpretation of
or changes to tax, labor and environmental laws; economic changes
nationally or in PulteGroup's local markets, including inflation,
deflation, changes in consumer confidence and preferences and the
state of the market for homes in general; legal or regulatory
proceedings or claims; our ability to generate sufficient cash flow
in order to successfully implement our capital allocation
priorities; required accounting changes; terrorist acts and other
acts of war; and other factors of national, regional and global
scale, including those of a political, economic, business and
competitive nature. See PulteGroup's Annual Report on Form
10-K for the fiscal year ended December 31,
2015, and other public filings with the Securities and
Exchange Commission (the "SEC") for a further discussion of these
and other risks and uncertainties applicable to our
businesses. PulteGroup undertakes no duty to update any
forward-looking statement, whether as a result of new information,
future events or changes in PulteGroup's expectations.
Additional Information
This release may be deemed to
be additional soliciting material with respect to the solicitation
of proxies by the Board of Directors of the Company with respect to
the Company's annual meeting of shareholders to be held on
May 4, 2016 (the "Annual Meeting").
The Company filed its definitive proxy statement relating to the
Annual Meeting (the "Proxy Statement") with the Securities and
Exchange Commission (the "SEC") on April 4,
2016. The Proxy Statement and the Company's Annual Report on
Form 10-K for the fiscal year ended December
31, 2015 were first made available to shareholders on or
about April 4, 2016. Shareholders can
obtain the Proxy Statement, any amendments or supplements to the
Proxy Statement and other documents filed by the Company with the
SEC for no charge at the SEC's website at www.sec.gov. Copies of
the proxy materials are also available to shareholders at no charge
at www.proxyvote.com or by writing to the Company's Corporate
Secretary at PulteGroup, Inc., 3350 Peachtree Road Northeast, Suite
150, Atlanta, Georgia, 30326.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based
in Atlanta, Georgia, is one of
America's largest homebuilding companies with operations in
approximately 50 markets throughout the country. Through its
brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods, the
Company is one of the industry's most versatile homebuilders able
to meet the needs of multiple buyer groups and respond to changing
consumer demand. PulteGroup conducts extensive research to
provide homebuyers with innovative solutions and consumer inspired
homes and communities to make lives better.
For more information about PulteGroup, Inc. and PulteGroup
brands, go to www.pultegroupinc.com; www.pulte.com; www.centex.com;
www.delwebb.com; www.divosta.com and www.jwhomes.com.
Investor Contact:
Jim Zeumer
404-978-6434
jim.zeumer@pultegroup.com
Media Contacts:
Ruth Pachman
212-521-4891
ruth.pachman@kekst.com
or
Todd Fogarty
212-521-4854
todd.fogarty@kekst.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pultegroup-issues-statement-300249327.html
SOURCE PulteGroup, Inc.