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Mar 31, 2023
Tri Pointe Q1 2023 Earnings Report
Tri Pointe Homes reported first quarter results, featuring diluted earnings per share of $0.73 and home sales revenue of $768 million.
Key Takeaways
Tri Pointe Homes announced strong Q1 2023 results, with home sales revenue reaching $768 million and net income available to common stockholders at $75 million, resulting in diluted earnings per share of $0.73. The company saw a boost in net new home orders and reduced cancellation rates due to product repositioning and targeted pricing strategies. With a solid balance sheet and high liquidity, Tri Pointe Homes is well-positioned for future growth.
Diluted earnings per share were reported at $0.73.
Home sales revenue reached $768 million.
Net new home orders totaled 1,619, with a monthly absorption rate of 4.0.
The company's debt-to-capital ratio stood at 32.5%, with total liquidity of $1.7 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.com Forward Guidance
For the second quarter, the Company anticipates delivering between 900 and 1,000 homes at an average sales price between $720,000 and $730,000. The Company expects homebuilding gross margin percentage to be in the range of 22.0% to 23.0% for the second quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 12.0% to 13.0%. Finally, the Company expects its effective tax rate for the second quarter to be in the range of 26.0% to 27.0%. For the full year, the Company anticipates delivering between 4,500 and 5,000 homes at an average sales price between $690,000 and $700,000.
Revenue & Expenses
Visualization of income flow from segment revenue to net income