Welcome to our dedicated page for Tri Pointe Homes news (Ticker: TPH), a resource for investors and traders seeking the latest updates and insights on Tri Pointe Homes stock.
Tri Pointe Homes Inc (TPH) delivers innovative residential solutions through its network of regional homebuilding brands. This news hub provides investors and industry observers with authoritative updates on the company’s strategic initiatives and market developments.
Access consolidated coverage of TPH’s operational milestones including quarterly earnings disclosures, partnership announcements, and community development projects. Our curated feed tracks essential updates shaping the company’s position in competitive housing markets across California, Texas, and other key states.
Key focus areas include leadership changes impacting regional operations, advancements in sustainable construction practices, and land acquisition strategies. The collection also features analysis of market trends affecting TPH’s portfolio of premium single-family homes and condominiums.
Bookmark this resource for streamlined access to Tri Pointe Homes’ latest corporate developments. Check back regularly for verified updates on operational performance and design innovations in the dynamic homebuilding sector.
TRI Pointe Group (NYSE: TPH) will release its financial results for Q4 and full year 2020 on February 18, 2021, before market open. A conference call is scheduled for 7:00 AM Pacific to discuss the results, featuring CEO Doug Bauer, COO Tom Mitchell, and CFO Glenn Keeler. Interested parties can join by phone or via a webcast on the company's website. A replay will be available for two weeks post-call. TRI Pointe Group ranks among the top 10 homebuilders in the U.S. based on revenue, with a family of regional brands across major markets.
TRI Pointe Group, Inc. (NYSE: TPH) announced a name change to Tri Pointe Homes, Inc., effective January 15, 2021, to unify its homebuilding brands. This transition will not require any action from current shareholders, and the stock will continue trading under the symbol 'TPH'. The official trading under the new name is set to begin on January 19, 2021. TRI Pointe Group ranks among the top 10 public homebuilders in the U.S., focusing on quality home construction in major markets.
TRI Pointe Group has appointed Mark Sherman as the national vice president of land development and construction, leveraging his 30 years of homebuilding experience. This new role aims to optimize operations and support growth across the company. Sherman, who has served 11 years at TRI Pointe Homes, will concentrate on land development execution, construction cycle times, and margin enhancement. His collaboration with Kevin Wilson will focus on supply chain efficiency and sustainability initiatives, reflecting TRI Pointe's commitment to operational excellence.
TRI Pointe Group, Inc. (NYSE: TPH) has announced a new stock repurchase program allowing the buyback of up to $250 million in common stock through December 31, 2021. This follows the completion of a prior program where the company repurchased 12,339,254 shares for approximately $200 million. The repurchases may occur through various market transactions, and the company's board retains discretion over timing and quantity. TRI Pointe Group is recognized as one of the top public homebuilders in the U.S., combining national resources with local insights.
TRI Pointe Group (TPH) reported strong Q3 2020 results, with a 50% increase in net new home orders year-over-year, totaling 1,933 orders. Net income rose to $78.7 million, or $0.61 per diluted share, an increase from the previous year's $62.9 million. Despite a slight decline in homebuilding gross margin to 22.1%, the company experienced operational efficiencies, reducing SG&A expenses to 9.8% of sales revenue. The backlog also improved, with a dollar value of $2.1 billion, reflecting a 39% increase from last year. TPH anticipates further growth with projected deliveries of 4,900 to 5,000 homes for the year.
TRI Pointe Group reported strong financial results for the second quarter of 2020, with net income of $56.5 million or $0.43 per diluted share, marking a 115% increase year-over-year. Net new home orders surged 28% in June compared to the previous year, driven by a 36% increase in California. The company's gross margin improved to 21.6% from 17.0% in Q2 2019. Despite the positive trends, the company faced challenges including a 21% cancellation rate and a forecast of 1,100 to 1,200 home deliveries for Q3 2020.
TRI Pointe Group (NYSE: TPH) will announce its second-quarter 2020 financial results on July 24, 2020, before the market opens. Following the release, a conference call hosted by executives will take place at 7:00 AM Pacific (10:00 AM Eastern). Interested participants can join via a toll-free number or listen online. The event will be available for replay and archived on the company’s website for two weeks. TRI Pointe Group is recognized among the top public homebuilders in the U.S., noted for its operational sophistication and regional insights.
On June 10, 2020, TRI Pointe Group, Inc. (NYSE: TPH) announced the expiration and results of its cash tender offer for its outstanding 4.875% Senior Notes due 2021. The tender offer, initiated on June 3, 2020, sought to purchase $300 million worth of notes. As of the expiration date, $216,266,000, or 72.09% of the notes, were tendered. The company will pay a consideration of $1,025 per $1,000 principal amount for the accepted notes, with payment scheduled for the Payment Date. The offer was facilitated by Global Bondholder Services Corporation as the information agent.
TRI Pointe Group (NYSE: TPH) announced a successful pricing of its public offering of $350 million in senior notes, increasing from the initial $300 million proposal. The notes will carry a 5.700% interest rate, maturing on June 15, 2028. Proceeds will be used for a tender offer to repurchase outstanding 4.875% senior notes due 2021 and for general corporate purposes. The closing date is set for June 10, 2020, pending customary conditions.
TRI Pointe Group (TPH) announced a cash tender offer for its 4.875% Senior Notes due 2021, totaling $300 million. The offer commences on June 3, 2020, and will expire on June 9, 2020, unless extended. Holders can withdraw their tendered notes until the withdrawal deadline on June 9. The purpose of the offer is to refinance a portion of the company’s long-term debt due in 2021. Payment will occur on June 10, 2020, with guaranteed delivery options available until June 11. The company also plans to issue new securities to fund this initiative.
