Tri Pointe Homes Q4 EPS $1.36; net orders surge 143% as cancellation rate drops to 12%

Tri Pointe Homes, Inc.

2023-FY EPS reported $3.45 revenue$3,715,204,000

Diluted EPS $1.36 vs $1.98 in Q4 2022; home sales revenue $1.2B, down 17%.
Net new home orders surged 143% to 1,078; cancellation rate dropped from 42% to 12%.
Backlog units up 58% to 2,320; dollar value up 38% to $1.6B; avg. price in backlog $695K, down 12%.
Homebuilding gross margin 22.9% (down 210 bps); SG&A as % of revenue 9.3% (up 170 bps).
Repurchased 1.84M shares for $50M at avg. $27.23; liquidity $1.6B including $869M cash & $698M credit facility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tri Pointe Homes, Inc. reported financial results for full year 2023.

Period: full year 2023
Result: reported results

Exact text from the filing

On February 20, 2024, Tri Pointe Homes, Inc., a Delaware corporation (the “Company”), announced in a press release its financial results for the quarter ended December 31, 2023 and full year 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tri Pointe Homes, Inc. reported financial results for the fourth quarter ended December 31, 2023.

Period: the fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 20, 2024, Tri Pointe Homes, Inc., a Delaware corporation (the “Company”), announced in a press release its financial results for the quarter ended December 31, 2023 and full year 2023.

View on SEC.gov

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Tri Pointe Homes, Inc. filing history →

Source: SEC EDGAR

accession 0001561680-24-000009

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