earnings
confidence high
sentiment neutral
materiality 0.75
Tri Pointe Homes Q3 net income $75.4M ($0.76 EPS) vs $149.2M YoY; orders up 122%
Tri Pointe Homes, Inc.
2023-Q3 EPS reported
$2.10
revenue$2,455,506,000
- Home sales revenue $825.3M, down 22% YoY; deliveries 1,223 homes, down 16%.
- Homebuilding gross margin 22.3%, down 480 bps; adjusted gross margin 25.6%.
- Net new home orders 1,513, up 122%; cancellation rate improved to 10% from 27%.
- Repurchased 1.75M shares for $54.5M at avg $31.10; total liquidity $1.5B.
- Entered Salt Lake City market; active communities up 23% YoY to 163.