PulteGroup |
|
|---|---|
| 2017 Performance Final Grade: 81.43/1002016 Final Grade: 87.6/100 | A/A+ |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 41.7% | 770bps |
| Pretax home building income (in millions) | $893.9 | -1.8% |
| Total SG&A/Total revenue | 11.8% | -- |
| Total SG&A(in millions) | $1,010.9 | -5.1% |
| Return on invested capital | 5.7% | -240bps |
| Return on equity | 10.1% | -270bps |
| Total shareholder return | 83.7% | -- |
| EPS | $1.45 | -17.6% |
| Change YoY | ||
|---|---|---|
| Community count | 790 | +64 |
| Share of lots optioned to total controlled | 36.9% | 20.1% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 21.35% | -360bps |
| Sales per month to break even (per community) |
1.16 | -- |
| Revenue per employee (in millions) |
$1.8 | 7.5% |
| Change YoY | ||
|---|---|---|
| Closings | 21,052 | 5.5% |
| Sales velocity (per community per month) |
2.4 | 2.3% |
| Unit backlog | 8,996 | 21.2% |
| Total revenue (in millions):$8,573 |
| HB revenue (in millions): $8,324 |
| Debt per share: $11.29 |
| Equity per basic share: $13.62 |
| HB pretax margin: 10.7% |
| Backlog value (in millions): $3,979.1 |
| Inventory (in millions):$7,147.1 |
| Lot supply (in years): 6.7 |
The story of 2017 at PulteGroup (NYSE: PHM) was a return to business after the board tumult that took place a year earlier. In his first year as CEO, Ryan Marshall managed to end the year with backlog at a 12-year high of $4 billion. Moreover, in an effort to address its depressed stock valuation, the company repurchased 11% of its outstanding common shares in 2017, and the board announced a $500 million increase to the company’s share repurchase plan.