earnings
confidence high
sentiment neutral
materiality 0.70
Tri Pointe Homes Q3 EPS $1.45 (up 24% YoY); orders drop 50% amid rising rates
Tri Pointe Homes, Inc.
2022-Q3 EPS reported
$3.57
revenue$2,825,729,000
- Diluted EPS $1.45, up 24% YoY; home sales revenue $1.1B, up 3% YoY.
- Homebuilding gross margin 27.1% (up 80 bps); adjusted gross margin 29.9%.
- Net new home orders 681, down 50% YoY; cancellation rate 27% vs 9%.
- Backlog value $2.4B flat YoY; average backlog price up 19% to $797K.
- Repurchased 948,911 shares for $16.8M; total liquidity $914.3M.