earnings
confidence high
sentiment neutral
materiality 0.65
Tri Pointe Homes Q1 EPS $0.73; home sales revenue $768M; orders down 15% YoY
Tri Pointe Homes, Inc.
2023-Q1 EPS reported
$0.73
revenue$779,661,000
- Diluted EPS of $0.73 vs $0.81 YoY; net income $74.7M.
- Home sales revenue $768.4M (+6% YoY); deliveries 1,065 (-3%).
- Homebuilding gross margin 23.5% (down 330 bps); adjusted 26.2%.
- Net new home orders 1,619 (-15%); cancellation rate 10% vs 8%.
- Debt-to-capital 32.5%; total liquidity $1.7B; bought back $37.6M in stock.