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Tri Pointe Homes, Inc. - TPH STOCK NEWS

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. (NYSE: TPH) is a premier American homebuilder recognized for its innovative design, environmentally responsible business practices, and outstanding customer experience. As one of the largest builders in the U.S., Tri Pointe Homes operates in 12 states and the District of Columbia, designing and constructing single-family homes and condominiums that align with modern lifestyle needs.

Established brands under its umbrella include Maracay Homes, Pardee Homes, Quadrant Homes, Trendmaker Homes, TRI Pointe Homes, and Winchester Homes. These brands contribute to the company's robust portfolio, strategically catering to key regional markets across states such as California, Arizona, Nevada, Texas, Oregon, and Virginia.

With a significant presence in California, which remains its largest revenue source, Tri Pointe Homes completes approximately 4,000 homes annually, with an average selling price of around $500,000. The company is also actively engaged in the development and sale of land, further amplifying its market footprint.

Recent achievements include being named one of the 2023 Fortune 100 Best Companies to Work For®, a designation as a Great Place to Work-Certified™ company for three consecutive years, and multiple Builder of the Year awards. These accolades underscore Tri Pointe's commitment to excellence and employee satisfaction.

Financially, Tri Pointe Homes reported strong third-quarter results in 2023, with home sales revenue of $825 million and a net income of $75.4 million. Despite elevated mortgage rates, the company demonstrated resilience with strategic expansions, including its recent entry into Salt Lake City, Utah. This move highlights Tri Pointe Homes' focus on market diversification and organic growth.

The company's forward-looking strategies include increasing operational efficiency and maintaining a robust balance sheet, enabling them to navigate market dynamics effectively. Tri Pointe's technological innovations, such as the Homebuyer App, enhance the customer experience by providing continuous updates and engagement throughout the home construction process.

For the fourth quarter, Tri Pointe Homes anticipates delivering between 1,600 and 1,800 homes at an average sales price of $670,000 to $680,000, maintaining a homebuilding gross margin of 22.0% to 23.0%. This strategic outlook demonstrates their commitment to steady growth and market adaptation.

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Tri Pointe Homes, a leading U.S. homebuilder, announced its subsidiary, Tri Pointe Assurance, will take over escrow services in Bellevue, Washington, following the closure of All City Escrow. The transition ensures a seamless experience for homebuyers, who will benefit from streamlined closing processes. Tri Pointe Assurance will hire most All City Escrow employees to maintain service continuity. This move strengthens Tri Pointe's integrated homebuying services, which includes title insurance and escrow, enhancing customer transparency and satisfaction during home purchases.

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Tri Pointe Homes (NYSE: TPH) will report its Q1 2022 financial results on April 21, 2022, before the market opens. A conference call will follow at 7:00 AM PT (10:00 AM ET) for discussion of the results, hosted by CEO Doug Bauer, COO Tom Mitchell, and CFO Glenn Keeler. Participants can join via phone or stream the event online. A replay will be available for one week after the call. Tri Pointe is a leading U.S. homebuilder, recognized for its innovative designs and sustainable practices, with operations in 10 states.

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Tri Pointe Homes reported a record-breaking fourth quarter with a diluted EPS of $1.33, marking a 45% year-over-year increase. The company achieved a pre-tax margin of 16.2% and a year-end backlog of $2.2 billion, up 17%. The Board authorized an additional $250 million stock buyback, raising the total buyback limit to $750 million. In 2021, net income reached $469.3 million, with home sales revenue rising 22% to $4.0 billion. Tri Pointe anticipates continued growth in 2022, projecting 6,500-6,800 home deliveries at an average price of $660,000 to $670,000.

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Tri Pointe Homes (NYSE: TPH) announced that its D.C. Metro Division received the Community Builder Award from the Home Builders Care Foundation of Maryland on January 20, 2022. The award recognized the company for its efforts in a kitchen renovation project at Cordell Place Apartments, a supportive housing program. Tri Pointe and its partners contributed to nearly 97% of project costs through in-kind donations. The initiative helps support individuals experiencing chronic homelessness, showcasing Tri Pointe's commitment to community service.

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Tri Pointe Homes (NYSE: TPH) will announce its fourth quarter 2021 financial results on February 17, 2022, before market opening. A conference call will follow at 7:00 AM Pacific (10:00 AM Eastern), featuring CEO Doug Bauer, COO Tom Mitchell, and CFO Glenn Keeler. Participants can join via toll-free numbers or listen online through the company's website. A replay will be accessible for a week. Tri Pointe, a prominent U.S. homebuilder, is recognized for customer experience and innovative design, operating across 10 states.

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Tri Pointe Homes (NYSE: TPH) has launched Altis, a lifestyle brand targeting the 55+ demographic with modern, environmentally friendly designs. With three communities already in California, Altis aims to deliver a premium lifestyle that resonates with the active adult market. The brand emphasizes community connection and tailored amenities. Altis at Skyline, the latest addition, features 292 single-story homes starting from the low $700,000s. This initiative positions Tri Pointe to capitalize on the growing active adult market, which is expected to expand as baby boomers increasingly relocate.

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Tri Pointe Homes reported strong Q3 2021 results, achieving a diluted EPS of $1.17 and a net income of $133.2 million, up 69% year-over-year. Home sales revenue rose 25% to $1 billion, with deliveries increasing to 1,632 homes. The homebuilding gross margin reached a record 26.3%, a 420 basis point increase. Backlog units rose 14% to 3,619, with a dollar value of $2.4 billion, up 17%. The company plans to open over 100 new communities and anticipates delivering 6,000 to 6,300 homes by year-end. A solid balance sheet and optimistic demand outlook position TPH for future growth.

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Tri Pointe Homes (NYSE: TPH) will announce its third-quarter 2021 financial results before market opens on October 21, 2021. A conference call will occur at 7:00 AM Pacific (10:00 AM Eastern) led by CEO Doug Bauer and other executives to discuss the results. Participants can join via toll-free numbers or listen online on the company's website. A replay will be accessible for one week post-call. Tri Pointe is among the leading U.S. homebuilders, recognized for its customer experience and innovative design, operating across 10 states.

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Tri Pointe Homes has announced the appointment of R. Kent Grahl to its Board of Directors, effective September 27, 2021, following the retirement of Dan Fulton at the end of the year. Grahl brings over 30 years of experience in homebuilding and institutional capital management, previously leading over $3.4 billion in equity investments. His appointment is expected to enhance the board's expertise and diversity, as stated by Chairman Steven Gilbert. Fulton has served since the 2014 merger, providing invaluable insights during Tri Pointe's growth.

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FAQ

What is the current stock price of Tri Pointe Homes (TPH)?

The current stock price of Tri Pointe Homes (TPH) is $37.03 as of December 20, 2024.

What is the market cap of Tri Pointe Homes (TPH)?

The market cap of Tri Pointe Homes (TPH) is approximately 3.4B.

What does Tri Pointe Homes, Inc. do?

Tri Pointe Homes, Inc. designs and builds single-family homes and condominiums. They operate under six regional brands across 12 states, focusing on innovative design and environmentally responsible practices.

Where does Tri Pointe Homes primarily operate?

Tri Pointe Homes operates in key regional markets, including California, Arizona, Nevada, Texas, Oregon, and Virginia. California remains its largest source of revenue.

What recent achievements has Tri Pointe Homes, Inc. received?

Tri Pointe Homes has been named one of the 2023 Fortune 100 Best Companies to Work For®, received multiple Builder of the Year awards, and has been a Great Place to Work-Certified™ company for three consecutive years.

How many homes does Tri Pointe Homes complete annually?

Tri Pointe Homes completes approximately 4,000 homes annually with an average selling price around $500,000.

What are Tri Pointe Homes' financial highlights for the third quarter of 2023?

In the third quarter of 2023, Tri Pointe Homes reported home sales revenue of $825 million and a net income of $75.4 million.

What technological innovations has Tri Pointe Homes introduced?

Tri Pointe Homes introduced the Homebuyer App, which provides continuous updates and engagement throughout the home construction process, enhancing the overall customer experience.

What is Tri Pointe Homes' strategic focus moving forward?

Tri Pointe Homes focuses on growing scale within current markets, market diversification through organic expansion or M&A opportunities, and maintaining operational efficiency and a strong balance sheet.

What are the expected deliveries and average sales price for Tri Pointe Homes in the fourth quarter?

Tri Pointe Homes expects to deliver between 1,600 and 1,800 homes in the fourth quarter, with an average sales price between $670,000 and $680,000.

How does Tri Pointe Homes maintain and enhance its market presence?

Tri Pointe Homes maintains its market presence through strategic expansions, innovative designs, strong community ties, and leveraging the stability of a major national company.

How can investors stay updated on Tri Pointe Homes' financial results and announcements?

Investors can stay updated by accessing the webcast and related slides on the company's website or by participating in their quarterly earnings conference calls.

Tri Pointe Homes, Inc.

NYSE:TPH

TPH Rankings

TPH Stock Data

3.45B
91.41M
2.42%
99.96%
2.89%
Residential Construction
Operative Builders
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United States of America
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