A spokesperson for PulteGroup, Inc. (NYSE: PHM) today provided the following statement after company founder and largest shareholder Bill Pulte made public another letter to the company’s board of directors on Monday:
“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.”
