earnings
confidence high
sentiment positive
materiality 0.75
Tri Pointe Homes Q1 EPS $0.81, homebuilding gross margin 26.8% (up 290 bps YoY), backlog dollar value +19%
Tri Pointe Homes, Inc.
2022-Q1 EPS reported
$0.81
revenue$736,244,000
- Net income $88.5M ($0.81 diluted EPS) vs $70.8M ($0.59) in Q1 2021.
- Home sales revenue $725.3M (+1% YoY) on 1,099 deliveries (down 2%); average price $660K (+4%).
- Homebuilding gross margin 26.8% (up 290 bps); adjusted gross margin 29.3% (excluding interest and impairments).
- Net new home orders 1,896 (down 5%); backlog units 3,955 (+3%) with $2.9B value (+19%).
- Repurchased 5.3M shares for $123.1M at weighted avg price $23.25 in Q1 2022.