Tri Pointe Homes Inc - TPH STOCK NEWS

Tri Pointe Homes (NYSE: TPH) has been recognized on two prestigious lists in 2024: the PEOPLE® Companies That Care® list and the Fortune Best Workplaces in Construction™ list. These accolades highlight the company's commitment to employee well-being and innovative workplace practices.

Key points:

• Tri Pointe has won the PEOPLE award for two consecutive years
• The company has been on the Fortune list for three consecutive years
• Tri Pointe's Compass Clubs and C.A.R.E.S. program foster community engagement
• The company's LivingSmart® program demonstrates commitment to sustainability
• Tri Pointe's 'Best of Big and Small' philosophy balances national resources with local expertise

These awards reflect Tri Pointe's dedication to creating a positive work environment and its focus on employee satisfaction across all demographics.

Tri Pointe Homes (NYSE: TPH) announces the opening of two new Triangle-based neighborhoods: Tredenham in Durham and Elm Park in Raleigh. These communities will be featured in the upcoming Triangle Parade of Homes tour from Sept. 28 to Oct. 13.

Tredenham offers two-story townhomes from the low $400Ks, with 1,650-1,916 square feet, three bedrooms, and two-and-a-half baths. Elm Park features larger homes from the $500Ks, ranging from 2,252-2,398 square feet with three to four bedrooms.

Both communities boast prime locations, modern designs, and proximity to key amenities. Tri Pointe Homes is currently offering a 'Warm Days, Warmer Welcome Savings Event' with closing cost credits and special interest rates for interested buyers.

Tri Pointe Homes (NYSE:TPH) has announced the development of Altis at Serenity, its first 55+ lifestyle brand community on the East Coast. Located in Northwest Harnett County, North Carolina, the community is expected to add 425 homes to the Serenity development, with a projected opening in spring 2025.

Altis at Serenity will offer three distinct series of homes, ranging from 1,200 to 2,527 square feet, tailored for active adult residents. The community will feature premium amenities, including fitness centers, resort-style pools, and clubhouses, designed to foster social connections and active lifestyles.

This expansion marks Tri Pointe's fourth Altis community and demonstrates the company's commitment to building connected communities with a focus on social responsibility through their LivingSmart® packages. The development is strategically located near shopping, dining, and cultural attractions in the greater Triangle area, as well as top healthcare institutions.

Tri Pointe Homes (NYSE:TPH) reported strong Q2 2024 results, with home sales revenue of $1.1 billion, up 38% year-over-year. The company delivered 1,700 homes, a 45% increase from Q2 2023. Net income rose 94% to $118 million, with diluted EPS of $1.25, up 108%. Homebuilding gross margin improved to 23.6%, a 320 basis point increase. TPH reduced debt by $450 million and lowered its homebuilding debt-to-capital ratio to a record low of 22.9%. The company's backlog value increased to $2.0 billion. For Q3 2024, TPH expects to deliver 1,450-1,550 homes at an average sales price of $685,000-$695,000, with full-year 2024 deliveries projected at 6,300-6,500 homes.

Tri Pointe Homes (NYSE: TPH) has announced the release date for its Q2 2024 financial results, set for July 25, 2024, before the market opens. A conference call will occur the same day at 7:00 AM Pacific (10:00 AM Eastern) to discuss the results. Key executives, including CEO Doug Bauer, COO Tom Mitchell, CFO Glenn Keeler, and EVP & CMO Linda Mamet, will host the call. Participants can dial in toll-free at (877) 407-3982 or internationally at (201) 493-6780. Additionally, the call and related slides will be available live on the company's website under the Investors section. A replay will be accessible for one week post-call at (844) 512-2921 or internationally at (412) 317-6671, using reference number 13747485. An archived webcast will also be available on the website for a time.

Tri Pointe Homes (NYSE: TPH) has promoted Linda Mamet to Executive Vice President, in addition to her role as Chief Marketing Officer, and appointed Urmila Menon as Chief Information Officer. Mamet will oversee sales, marketing, and business intelligence strategies while collaborating with Menon to enhance the company's technological capabilities. Mamet, who joined the company in 2014, has significantly contributed to Tri Pointe's growth and brand positioning. Menon, with over three decades of technology management experience, will focus on leveraging technology to support Tri Pointe's growth goals. These leadership changes aim to further advance Tri Pointe's customer and business solutions as the company continues to expand its premium lifestyle brand across the U.S.

Tri Pointe Homes, Inc. reported strong first-quarter results for 2024, with a significant increase in net new home orders, backlog units, and active selling communities. The company achieved home sales revenue of $918 million, a 20% increase year-over-year, with a homebuilding gross margin percentage of 23.0% and diluted earnings per share of $1.03. Tri Pointe Homes also expanded its national footprint by opening new divisions in Orlando, Florida, and the Coastal Carolinas. The company remains optimistic about the strong consumer demand and raised full-year guidance for deliveries, average sales price, and homebuilding gross margin percentage.

Tri Pointe Homes (NYSE: TPH) expands into Orlando and Coastal Carolinas, tapping into fast-growing housing markets. With a focus on organic growth, the company aims to meet the rising demand for premium housing in these regions.

Tri Pointe Homes, Inc. (NYSE: TPH) collaborates with Bobby Berk to offer personalized home design collections at Glacier Pointe in Bonney Lake, Washington. The partnership showcases 10 unique design collections curated by Berk, including Retro Scandinavian and Textural Neutral. The homes feature 3-5 bedrooms, 2.5-4 baths, and 2-3 bay garages, with flexible work-from-home spaces and HomeSmart® features. Customers can experience Bobby Berk's integrated whole-home interior designs and have access to the newly launched online Style Finder quiz. The collaboration aims to provide innovative and unique design options to help homebuyers achieve their dream lifestyle.