earnings
confidence high
sentiment positive
materiality 0.75
Tri Pointe Homes Q3 EPS $1.18 (+55% YoY), revenue $1.1B (+35%), deliveries up 32%
Tri Pointe Homes, Inc.
2024-Q3 EPS reported
$3.46
revenue$3,238,999,000
- Net income $111.8M ($1.18 diluted EPS) vs $75.4M ($0.76) a year ago.
- Home sales revenue $1.1B on 1,619 deliveries (+32% YoY); avg price $688K (+2%).
- Homebuilding gross margin 23.3% (+100 bps); adjusted gross margin 26.8%.
- Debt-to-capital ratio reduced to a record low 22.1%; net debt-to-net capital 7.0%.
- Net new home orders 1,252 (-17% YoY); backlog 2,325 units (-24%) valued at $1.7B.