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Mar 31, 2022
Tri Pointe Q1 2022 Earnings Report
Tri Pointe Homes delivered outstanding results in Q1 2022, with earnings of $0.81 per diluted share and a 19% increase in backlog dollar value year-over-year.
Key Takeaways
Tri Pointe Homes reported strong first-quarter results for 2022, with diluted earnings per share of $0.81. The company's home sales revenue increased by 1% to $725.3 million, and the homebuilding gross margin percentage rose to 26.8%. The dollar value of the backlog also increased by 19% year-over-year, positioning the company well for the full year.
Diluted earnings per share were $0.81.
Home sales revenue increased by 1% to $725.3 million.
Homebuilding gross margin percentage increased to 26.8%.
Backlog dollar value increased by 19% year-over-year to $2.9 billion.
Revenue by Geographic Location
Forward Guidance
For the second quarter, the Company anticipates delivering between 1,300 and 1,500 homes at an average sales price between $670,000 and $680,000. The Company expects homebuilding gross margin percentage to be in the range of 26.0% to 27.0% for the second quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 10.0% to 11.0%. Finally, the Company expects its effective tax rate for the second quarter to be in the range of 25.0% to 26.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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