Tri Pointe Homes Inc
TPH
ISIN US87265H1095 / Valor 20485045
Tri Pointe Homes Inc
UMushroom community rating:
About company
Tri Pointe Homes Inc is a residential homebuilder that designs, constructs, and sells single-family homes and townhomes.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Home Sales Revenue
Tri Pointe Homes Inc. reported home sales revenue of $1.1 billion for the second quarter of 2024, marking a 38% increase compared to the same period in the previous year. This significant growth was driven by a 45% increase in home deliveries, totaling 1,700 homes.
Net Income and Earnings Per Share
For the second quarter of 2024, Tri Pointe Homes Inc. achieved a net income of $118 million, which translates to diluted earnings per share of $1.25. These figures represent substantial year-over-year increases of 94% and 108%, respectively.
Gross Margin Improvement
Tri Pointe Homes Inc. reported a homebuilding gross margin percentage of 23.6% for the second quarter of 2024, an improvement of 320 basis points from the previous year. This increase is attributed to strong demand and pricing power in recent quarters.
Debt Reduction
During the second quarter of 2024, Tri Pointe Homes Inc. redeemed $450 million of senior notes using cash on hand. This action reduced the company's homebuilding debt-to-capital ratio to a record low of 22.9%, while maintaining strong liquidity of $1.2 billion.
Backlog Value
Tri Pointe Homes Inc. increased the dollar value of its backlog to $2.0 billion by the end of the second quarter of 2024, up 4% from the previous year. The average sales price of homes in the backlog also rose to $743,000, a 7% increase year-over-year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3454 M
Market cap (USD)
107,837
Daily traded volume (Shares)
37.18 / 36.635
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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