Tri Pointe Homes Inc - TPH STOCK NEWS

Tri Pointe Homes reported strong financial results for Q4 2020, with a diluted earnings per share of $0.92 and a net income of $115.1 million. Homebuilding gross margin increased to 23.2%, reflecting a 130 basis point improvement year-over-year. Net new home orders rose by 14%, with a backlog valued at $1.9 billion, up 69% year-over-year. The company ended the year with $1.2 billion in liquidity and maintains a healthy debt-to-capital ratio of 37.6%. Despite challenges from COVID-19, management expresses optimism for 2021, anticipating continued demand in the housing market.

Tri Pointe Homes, Inc. (NYSE: TPH) has rebranded by consolidating its six regional homebuilding brands into a single name, Tri Pointe Homes, effective January 15, 2021. This strategic move aims to enhance operational efficiencies and strengthen national brand recognition. CEO Doug Bauer highlighted the importance of this change in driving growth. The company, recognized for innovative design and customer experience, has received multiple accolades and operates across 10 states, with a commitment to technology and customer service.

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.