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Jun 30, 2021
Tri Pointe Q2 2021 Earnings Report
Tri Pointe Homes reported strong profitability with a 133% increase in fully diluted earnings per share compared to Q2 2020. The company achieved record home sales revenue, pre-tax profit, and quarter-ending backlog value.
Key Takeaways
Tri Pointe Homes announced strong Q2 2021 results, with a significant increase in earnings per share, home sales revenue, and backlog value. The company's homebuilding gross margin also improved, driven by effective execution and price management amidst supply chain challenges. An increase to the stock repurchase program by $250 million was also announced.
Net new home orders increased by 22% year-over-year.
Backlog units rose by 53% year-over-year.
Backlog dollar value increased by 50% year-over-year.
Homebuilding gross margin percentage was 24.6%.
Revenue by Segment
Forward Guidance
For the third quarter of 2021, the Company anticipates delivering between 1,450 and 1,550 homes at an average sales price between $620,000 and $630,000. The Company expects its homebuilding gross margin percentage will be in the range of 23.5% to 24.5% for the third quarter of 2021 and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 9.5% to 10.0%. Lastly, the Company expects its effective tax rate for the third quarter of 2021 will be approximately 25.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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