Tri Pointe Homes Q1 EPS $1.03 vs $0.73, revenue $918M; raises full-year guidance

Tri Pointe Homes, Inc.

2024-Q1 EPS reported $1.03 revenue$939,402,000

Q1 diluted EPS $1.03, up 41% YoY; net income $99.1M vs $74.7M.
Home sales revenue $918.4M, up 20%; deliveries 1,393 units (+31%), avg price $659K (-9%).
Net new home orders 1,814 (+12%); backlog units 2,741 (+35%); cancellation rate 7% vs 10%.
Homebuilding gross margin 23.0% (down 50bps); adjusted gross margin 26.4%.
Raising full-year guidance for deliveries, ASP, and gross margin; repurchased $50M in shares.

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 first quarter ended March 31, 2024 results: revenue $918 million, net income $99 million, EPS $1.03. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $918 million
Net income: $99 million
EPS: $1.03
Guidance: raised
Result: reported results

Exact text from the filing

12% Year-Over-Year to 1,814- -Backlog Units Increased 35% Year-Over-Year to 2,741- -Active Selling Communities Increased 15% Year-Over-Year to 156- -Home Sales Revenue of $918 Million- -Homebuilding Gross Margin Percentage of 23.0%- -Diluted Earnings Per Share of $1.03- -Debt-to-Capital Ratio of 31.2% and Total Liquidity of $1.6 Billion- INCLINE VILLAGE, Nev.,

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Source: SEC EDGAR

accession 0001561680-24-000050

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