Daniel S. Fulton
On September 23, 2021, Mr. Daniel S. Fulton notified Tri Pointe Homes, Inc. (the “Company”) of his intention to resign from the Company’s Board of Directors (the “Board”) effective as of December 31, 2021.
Highest-materiality recent filing
Tri Pointe Q2 revenue down 22% to $685M; $196.8M Sumitomo charges drive $165.3M pretax loss
Home sales revenue $685.1M vs $879.8M YoY; deliveries 1,013 vs 1,326; ASP $676K vs $664K.
Sumitomo Forestry completes acquisition of Tri Pointe Homes for $47.00 per share; TPH delisted
Each TPH share converted into $47.00 cash; merger closed May 14, 2026.
Tri Pointe Homes Q1 net income drops 89% to $6.8M; merger conditions partially met
Net income available to common stockholders $6.8M ($0.08 diluted EPS) vs $64.0M ($0.70) in Q1 2025.
HSR waiting period for Tri Pointe-Sumitomo Forestry merger expires
HSR waiting period expired at 11:59 p.m. ET on April 16, 2026, satisfying one condition.
Tri Pointe Homes lenders consent to $47/sh merger with Sumitomo, waive change-of-control default
Lenders waive any default from change of control upon merger; amend definition to require Sumitomo to maintain >50% voting power.
Tri Pointe stockholders approve merger with Sumitomo Forestry; expected close Q2 2026
Stockholders voted 66,347,281 for, 25,531 against to adopt the Merger Agreement with Sumitomo Forestry.
Tri Pointe Homes Q4 net income down 53% to $60.2M; home sales revenue $945.9M
Diluted EPS of $0.70 vs $1.37 YoY; adjusted EPS $0.80 excluding $11.8M inventory charges.
Tri Pointe Homes to be acquired by Sumitomo Forestry for $47/share all-cash deal valued at $4.5B
Sumitomo Forestry to acquire Tri Pointe Homes for $47.00 per share in all-cash deal valued at approximately $4.5 billion.
Tri Pointe Homes Q3 net income $56.1M ($0.64 EPS), down 50% YoY; deliveries fall 25%
Home sales revenue $817.3M vs $1.1B YoY; net new home orders 995 vs 1,252.
Tri Pointe Homes increases term loan facility to $450M, extends maturity
Term loan facility increased from $250M to $450M under Sixth Modification Agreement dated Sept 18, 2025.
Tri Pointe Homes corrects Q2 2025 share repurchase total to 5.46M shares for $175M
Prior earnings release understated aggregate shares repurchased as of June 30, 2025.
Tri Pointe Q2 net income $60.7M ($0.68 EPS); deliveries 1,326; repurchase program boosted $50M
Net income $60.7M ($0.68 diluted EPS) vs $118M ($1.25) in Q2 2024; adjusted EPS $0.77 excluding $11M inventory charge.
Tri Pointe Homes increases revolver to $850M, extends maturity to 2030
Revolving credit facility expanded from $750M to $850M; can increase further to $1.2B under certain conditions.
Tri Pointe Homes Q1 EPS $0.70, home sales revenue $720.8M, deliveries 1,040, gross margin 23.9%
Net income was $64M ($0.70 diluted EPS) vs $99.1M ($1.03) in Q1 2024.
All six director nominees elected; Steven J. Gilbert received 69.3M for (87.6%) vs. 9.9M against.
Tri Pointe Homes Q4 2024: EPS $1.37, Home Sales Revenue $1.2B, Orders Down 13% YoY
Net income $129.2M ($1.37 diluted EPS) vs $132.8M ($1.36) prior year; full year EPS $4.83, up 40% YoY.
Tri Pointe Homes Q3 EPS $1.18 (+55% YoY), revenue $1.1B (+35%), deliveries up 32%
Net income $111.8M ($1.18 diluted EPS) vs $75.4M ($0.76) a year ago.
Tri Pointe Homes Q2 2024 EPS $1.25, revenue $1.1B (+38% YoY)
Net income $118M ($1.25 diluted EPS) vs $60.7M ($0.60) a year ago, up 94% and 108%.
Tri Pointe Homes increases COO Mitchell's severance multiples to 2x and 3x
Board approved raising COO Thomas J. Mitchell's severance multiples: change-in-control from 1.5x to 2x, non-CIC from 2.5x to 3x.
Tri Pointe redeems all outstanding 5.875% Senior Notes due 2024
Redeemed entire outstanding principal of 5.875% Senior Notes due 2024 on May 15, 2024.
Tri Pointe Homes Q1 EPS $1.03 vs $0.73, revenue $918M; raises full-year guidance
Q1 diluted EPS $1.03, up 41% YoY; net income $99.1M vs $74.7M.
Tri Pointe Homes annual meeting: all six directors elected, say-on-pay passes with 73% support
88% of outstanding shares (95,971,810) represented at April 17, 2024 meeting.
Tri Pointe Homes Q4 EPS $1.36; net orders surge 143% as cancellation rate drops to 12%
Diluted EPS $1.36 vs $1.98 in Q4 2022; home sales revenue $1.2B, down 17%.
Excludes financial services subs' debt from Leverage Ratio calculation per Fourth Modification dated Dec 15, 2023.
Tri Pointe Homes Q3 net income $75.4M ($0.76 EPS) vs $149.2M YoY; orders up 122%
Home sales revenue $825.3M, down 22% YoY; deliveries 1,223 homes, down 16%.
Tri Pointe Homes adopts amended bylaws for universal proxy rules and DGCL updates
Updated director nomination and other business proposal procedures to comply with SEC Rule 14a-19 universal proxy rules.
Tri Pointe Homes exercises option to buy minority interest in mortgage JV with loanDepot
On Sept 15, 2023, Tri Pointe exercised option to buy loanDepot's minority stake in Tri Pointe Connect LLC mortgage JV.
Tri Pointe Q2 net income $60.7M ($0.60 EPS); orders up 41% YoY
Home sales revenue $819M, down 18% YoY; deliveries of 1,173 homes (-21%).
Tri Pointe Homes Q1 EPS $0.73; home sales revenue $768M; orders down 15% YoY
Diluted EPS of $0.73 vs $0.81 YoY; net income $74.7M.
Over 91% of outstanding shares were represented at the 2023 annual meeting held April 19, 2023.
Tri Pointe Homes Q4 EPS $1.98 beats; orders down 69%; announces $250M buyback
Q4 diluted EPS $1.98 (up 49% YoY); home sales revenue $1.5B (+25%).
Tri Pointe Homes Q3 EPS $1.45 (up 24% YoY); orders drop 50% amid rising rates
Diluted EPS $1.45, up 24% YoY; home sales revenue $1.1B, up 3% YoY.
Tri Pointe Homes Q2 EPS $1.33 up 33% YoY; homebuilding gross margin record 27.2%
Net income $136.4M, diluted EPS $1.33 vs $1.00; home sales revenue $1.0B flat YoY.
Tri Pointe Homes ups revolving credit facility to $750M and extends maturity to 2027
Revolving facility increased from $650M to $750M; LC sublimit raised to $150M from $100M.
Tri Pointe Homes presents at Investor Day; exhibit not provided in this extract
Filed Form 8-K for May 26, 2022 Investor and Lender Day presentation.
Net income $88.5M ($0.81 diluted EPS) vs $70.8M ($0.59) in Q1 2021.
Tri Pointe Homes Q4 EPS $1.33, up 45% YoY; board adds $250M to buyback
Net income $147.4M, diluted EPS $1.33 vs $0.92 YoY; revenue $1.2B, up 15%.
Tri Pointe Homes Q3 net income $133.2M ($1.17 EPS); revenue up 25%, gross margin record 26.3%
Diluted EPS $1.17 (vs $0.61 YoY); net income $133.2M (+69%).
Tri Pointe Homes appoints Kent Grahl to board; Dan Fulton to retire by year-end
Director Dan Fulton resigns effective Dec 31, 2021; no disagreement with board or management.
Tri Pointe Homes Q2 EPS $1.00 (+133% YoY); buyback raised by $250M to $500M
Net income $117.9M ($1.00 diluted EPS) vs $56.5M ($0.43) YoY; home sales revenue $1.0B (+32%).
On September 23, 2021, Mr. Daniel S. Fulton notified Tri Pointe Homes, Inc. (the “Company”) of his intention to resign from the Company’s Board of Directors (the “Board”) effective as of December 31, 2021.
On September 25, 2021, the Board increased the number of directors constituting the Board from six to seven and appointed Mr. R. Kent Grahl as a director to fill the vacancy on the Board effective as of September 27, 2021, to serve until his successor is elected and qualified, or until his earlier resignation, removal, or death.
Max materiality 1.00 · Median 0.72 · Most common event earnings