Apr. 24 at 10:33 AM
$TPH TRI Pointe reports Q1 EPS 70c, consensus 49c
Reports Q1 revenue
$720.8M, consensus
$712.67M. "Tri Pointe delivered solid first quarter financial results, either meeting or exceeding all our stated guidance," said Doug Bauer, Tri Pointe Homes Chief Executive Officer. "Our teams executed at a high level, demonstrating our ability to navigate the current political and economic volatility. For the first quarter, we delivered 1,040 homes and generated
$721 million in homes sales revenue, as our average sales price of homes delivered increased to
$693,000.
While demand followed a seasonally slower trajectory, our team's execution allowed us to thoughtfully adjust pace and price in pursuit of our margin and return objectives. Strong operational discipline contributed to a homebuilding gross margin of 23.9%, net income of
$64 million and diluted earnings per share of
$0.70."
