Tri Pointe Homes Inc - TPH STOCK NEWS

Tri Pointe Homes reported strong fourth quarter earnings for 2022, with diluted EPS rising 49% year-over-year to $1.98 and home sales revenue reaching an all-time high of $1.5 billion. The company delivered 2,016 homes, yielding a gross margin of 25%. For the full year, revenue rose 9% to $4.3 billion, with net income of $576.1 million and a return on average equity of 22.5%. Tri Pointe's Board approved a $250 million stock repurchase program aimed at enhancing shareholder value through December 2023. Despite a challenging market environment, the company maintains a positive outlook for 2023, citing ongoing strategies to optimize home deliveries and cost structures.

Tri Pointe Homes (NYSE: TPH) will release its fourth-quarter 2022 financial results on February 21, 2023, before the market opens. A conference call will follow at 7:00 AM Pacific time to discuss the results, featuring CEO Doug Bauer and other executives. Participants can join via toll-free numbers or listen live online. A replay will be available for a week post-call. Tri Pointe Homes is a leading U.S. homebuilder recognized for its customer experience and innovative design, operating in 10 states.

Tri Pointe Homes (NYSE: TPH) has launched LiveAbility, a program aimed at enhancing home designs for improved comfort and functionality. This initiative responds to the growing trend of multigenerational households, which have quadrupled to 59.7 million in the U.S. since 1971. LiveAbility features open floorplans, ample natural light, and convenient design elements like touch faucets and lever doorknobs. The program is part of Tri Pointe's commitment to adapting homes for evolving lifestyles, aligning with their LivingSmart initiative that emphasizes sustainability and high-performance living.

Tri Pointe Homes (NYSE: TPH) has appointed Kelly Taga as the new division president for Colorado. With nearly 18 years of experience in homebuilding, Taga aims to enhance strategic growth and expand offerings across various market segments.

Under Taga's leadership, the division will focus on operational strategies and team alignment. Currently, Tri Pointe controls around 2,000 lots in Colorado and plans to launch multiple new communities, anticipated to add approximately 450 homes to the market.

Tri Pointe Homes, Inc. (NYSE:TPH) reported a strong performance in Q3 2022, with net income of $149 million, or $1.45 per diluted share, marking a 24% increase year-over-year. Home sales revenue reached $1.1 billion, up 3% from 2021, with an average sales price of $723,000, a 15% rise. However, new home orders dropped 50% to 681, and the cancellation rate rose to 27%. The backlog remained stable at $2.4 billion, with an average price of $797,000. The company aims to deliver 1,700 to 1,900 homes in Q4 and expects a gross margin of 25% to 26%.

Tri Pointe Homes (NYSE: TPH) will release its Q3 2022 financial results on October 27, 2022, before market opening. Following the release, a conference call is scheduled at 7:00 AM Pacific (10:00 AM Eastern) with CEO Doug Bauer, COO Tom Mitchell, and CFO Glenn Keeler. Interested parties can join by phone or via the company's website. A replay will be available for a week after the call. Tri Pointe Homes is recognized for its innovative designs and customer experience, operating in 10 states, and has received numerous awards for its workplace culture.