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Mar 31, 2020
Tri Pointe Q1 2020 Earnings Report
TRI Pointe Group reported first quarter results with increased new home orders and backlog dollar value year-over-year and diluted earnings per share of $0.24.
Key Takeaways
TRI Pointe Group reported strong first quarter results, with a focus on employee and customer well-being amidst the COVID-19 outbreak. The company saw a 26% year-over-year increase in new home orders and a 31% increase in backlog dollar value. Despite the uncertain economic environment, TRI Pointe remains optimistic about the long-term outlook for the housing industry.
Net income was $31.9 million, or $0.24 per diluted share.
Home sales revenue increased by 21% to $594.8 million.
New home orders rose by 26% year-over-year.
Backlog dollar value increased by 31% year-over-year to $1.6 billion.
Tri Pointe
Tri Pointe
Tri Pointe Revenue by Geographic Location
Revenue by Geographic Location
Arizona Revenue
CapyFin.comCalifornia Revenue
CapyFin.comNevada Revenue
CapyFin.comWashington Revenue
CapyFin.comColorado Revenue
CapyFin.comTexas Revenue
CapyFin.comWashington D.C. Area (MD, VA, DC) Revenue
CapyFin.comWashington D.C. Area (MD, VA, DC) Revenue
CapyFin.com Forward Guidance
Due to the uncertainty regarding the effects of the COVID-19 pandemic on both the U.S. economy and the Company’s business operations and financial performance, the Company has withdrawn its previously issued guidance for fiscal 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income