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Sep 30, 2021
Tri Pointe Q3 2021 Earnings Report
Tri Pointe Homes generated a significant year-over-year increase in profitability, driven by strong revenue growth and margin expansion.
Key Takeaways
Tri Pointe Homes reported a strong third quarter in 2021, with a significant year-over-year increase in profitability driven by strong revenue growth and margin expansion. Net income was $133.2 million, or $1.17 per diluted share, representing year-over-year growth of 69% and 92%, respectively. Homebuilding gross margin was 26.3% for the quarter, a record for the company.
Diluted Earnings Per Share of $1.17
Homebuilding Gross Margin Percentage of 26.3%
Monthly Absorption Rate of 4.1
Backlog Units up 14% Year-Over-Year
Revenue by Geographic Location
Forward Guidance
The Company expects to open approximately 70 new communities and end the year with between 110 and 115 active selling communities. The Company anticipates delivering between 6,000 and 6,300 homes at an average sales price between $635,000 and $640,000. The Company expects homebuilding gross margin percentage to be in the range of 24.5% to 25.0% for the full year and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 9.8% to 10.2%. Finally, the Company expects its effective tax rate for the full year to be approximately 25%.
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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