Tri Pointe Q2 net income $60.7M ($0.60 EPS); orders up 41% YoY

Tri Pointe Homes, Inc.

2023-Q2 EPS reported $1.34 revenue$1,616,990,000

Home sales revenue $819M, down 18% YoY; deliveries of 1,173 homes (-21%).
Net new home orders 1,912 (+41% YoY); absorption rate 4.5 per month.
Homebuilding gross margin 20.4% vs 27.2%; includes $11.5M impairment in Bay Area.
Backlog of 2,765 homes valued at $1.9B; average price $695K (-11% YoY).
Repurchased 1.14M shares for $32.3M; total liquidity $1.7B; debt-to-capital 32.3%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tri Pointe Homes, Inc. reported the second quarter ended June 30, 2023 results: revenue $819 million, net income $61 million, EPS $0.60 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $819 million
Net income: $61 million
EPS: $0.60 per diluted share
Result: reported results

Exact text from the filing

“Tri Pointe delivered strong results for the second quarter, surpassing our delivery guidance and leading to home sales revenue of $819 million while generating $61 million in net income available to common stockholders, or $0.60 per diluted share,”

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Source: SEC EDGAR

accession 0001561680-23-000079

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