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Jun 30, 2022
Tri Pointe Q2 2022 Earnings Report
Tri Pointe Homes reported strong top- and bottom-line results, with home sales revenue exceeding $1 billion and diluted earnings per share increasing by 33% year-over-year.
Key Takeaways
Tri Pointe Homes announced strong second quarter results for 2022, with home sales revenue surpassing $1 billion and a record home sales gross margin percentage of 27.2%. The company generated 1,356 net new home orders and ended the quarter with total liquidity of $938 million.
Diluted earnings per share reached $1.33.
Homebuilding gross margin percentage was 27.2%.
Monthly absorption rate was 3.7 homes per community.
Backlog dollar value increased 18% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter, the Company anticipates delivering between 1,300 and 1,500 homes at an average sales price between $700,000 and $715,000. The Company expects homebuilding gross margin percentage to be in the range of 26.0% to 27.0% for the third 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 third quarter to be in the range of 25.0% to 26.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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