Tri Pointe Homes Inc Stock Price, News & Analysis

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.

Tri Pointe Homes reported strong Q2 2021 results with net new home orders increasing by 22% year-over-year and backlog units up 53%. The company achieved a homebuilding gross margin of 24.6% and diluted EPS of $1.00, a 133% increase from Q2 2020. The Board approved an additional $250 million for share repurchases, raising the total to $500 million through December 2022. Tri Pointe expects continued growth, with forecasts of 1,450-1,550 home deliveries in Q3 2021.

Tri Pointe Homes (NYSE: TPH) will release its Q2 2021 financial results on July 22, 2021, before the market opens. CEO Doug Bauer, COO Tom Mitchell, and CFO Glenn Keeler will host a conference call at 7:00 AM Pacific (10:00 AM Eastern) to discuss the results. Participants can join the call by dialing toll-free at (877) 407-3982 or (201) 493-6780 for international calls. A replay will be available for two weeks, and an archive of the webcast will also be accessible on the company’s website.

Tri Pointe Homes (NYSE: TPH) has released its inaugural Environmental, Social and Governance (ESG) report, showcasing its commitment to sustainability and social responsibility. The report outlines initiatives aimed at enhancing corporate governance, promoting environmental practices, and fostering a diverse workplace culture. CEO Doug Bauer emphasized the company's dedication to creating positive impacts for stakeholders and communities. Tri Pointe also aligns its strategies with the Sustainability Accounting Standards Board and the United Nations Sustainable Development Goals. For more information, visit investors.tripointehomes.com/ESG.

Tri Pointe Homes announced impressive Q1 2021 results, showcasing a 20% increase in net new home orders and a 56% rise in backlog units year-over-year. The company reported net income of $70.8 million, or $0.59 per diluted share, reflecting a 146% increase from Q1 2020. Home sales revenue grew to $716.7 million, up 20%. The gross margin percentage improved to 23.9%, driven by operational efficiencies. The company raised its full-year outlook for home deliveries and sales price, leveraging a strong liquidity position of $1.1 billion.

Tri Pointe Homes (NYSE: TPH) will release its Q1 2021 financial results on April 22, 2021, before market open. A conference call for discussion will follow at 7:00 AM Pacific (10:00 AM Eastern) on the same day, featuring CEO Doug Bauer, COO Tom Mitchell, and CFO Glenn Keeler. Interested participants can join via a toll-free number or through a webcast available on the company's website. A replay of the call will be accessible for two weeks post-event. Tri Pointe is recognized for its customer experience and innovative design in homebuilding.