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Dec 31, 2021
Tri Pointe Q4 2021 Earnings Report
Tri Pointe Homes reported record-breaking profitability and a company-best return on average equity of 20.3%.
Key Takeaways
Tri Pointe Homes reported a strong Q4 2021, with diluted earnings per share up 45% year-over-year. The company's backlog dollar value increased by 17% year-over-year, and the Board of Directors authorized an additional $250 million for stock repurchases.
Diluted Earnings per Share of $1.33, Up 45% Year-Over-Year
Pre-tax Margin of 16.2%
Backlog Dollar Value of $2.2 Billion, up 17% Year-Over-Year
Return on Average Equity of 20.3%
Forward Guidance
For the first quarter of 2022, the Company anticipates delivering between 900 and 1,100 homes at an average sales price between $650,000 and $660,000. The Company expects its homebuilding gross margin percentage to be in the range of 25.0% to 26.0% for the first quarter of 2022 and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 13.0% to 13.5%. Lastly, the Company expects its effective tax rate for the first quarter of 2022 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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