Tri Pointe Homes, Inc. (TPH) Reports In-Line Q1 EPS

Tri Pointe Homes, Inc. (NYSE: TPH) reported Q1 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $377.26 million versus the consensus estimate of $341.2 million.

• New home orders increased to 1,194 compared to 667, an increase of 79%
• Active selling communities averaged 113.0 compared to 90.7
  • New home orders per average selling community were 10.6 orders (3.5 monthly) compared to 7.4 orders (2.5 monthly), an increase of 44%
  • Cancellation rate improved to 11% compared to 15%
• Backlog units of 1,558 homes with a dollar value increase of 59%, to $943.4 million
  • Average sales price in backlog increased 8% to $605,000
• Home sales revenue of $374.3 million, an increase of 55%
  • New homes deliveries of 668, up 31%
  • Average sales price of homes delivered grew 18% to $560,000
• Homebuilding gross margin percentage of 19.9%
  • Excluding interest, impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 21.8%*

For earnings history and earnings-related data on Tri Pointe Homes, Inc. (TPH) click here.

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