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Jun 30, 2023
Tri Pointe Q2 2023 Earnings Report
Tri Pointe delivered strong results for the second quarter, surpassing delivery guidance and leading to home sales revenue of $819 million while generating $61 million in net income available to common stockholders, or $0.60 per diluted share.
Key Takeaways
Tri Pointe Homes reported strong Q2 2023 results with home sales revenue of $819 million and net income of $61 million, or $0.60 per diluted share. The company saw a 41% increase in net new home orders and an 18% increase sequentially from Q1 2023, driven by limited housing supply and demographic factors.
Net new home orders increased by 41% year-over-year.
Home sales revenue reached $819 million.
Diluted earnings per share were $0.60.
Total liquidity reached $1.7 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter, the Company anticipates delivering between 1,000 and 1,100 homes at an average sales price between $690,000 and $700,000. The Company expects homebuilding gross margin percentage to be in the range of 21.0% to 22.0% for the third 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 third quarter to be in the range of 26.0% to 27.0%.
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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