TRI Pointe Homes (TPH) Tops Q4 EPS by 6c

TRI Pointe Homes (NYSE: TPH) reported Q4 EPS of $0.52, $0.06 better than the analyst estimate of $0.46. Revenue for the quarter came in at $847.4 million versus the consensus estimate of $841.29 million.

• Active selling communities averaged 112.8 compared to 105.6
  • New home orders per average selling community were 6.7 orders (2.23 monthly) compared to 6.8 orders (2.25 monthly)
  • Cancellation rate increased to 21% compared to 17%
• Backlog units increased to 1,156 homes compared to 1,032, an increase of 12%
  • Dollar value of backlog increased to $697.3 million compared to $653.1 million, an increase of 7%
  • Average sales price in backlog of $603,000 compared to $633,000, a decline of 5%
• Home sales revenue of $847.4 million, an increase of 36%
  • New homes deliveries of 1,453, up 30%
  • Average sales price of homes delivered of $583,000, up 5%
• Homebuilding gross margin percentage of 22.2%
  • Excluding interest, impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 24.2%*

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

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