Tri Pointe Homes Earnings Call Transcripts
Fiscal Year 2025
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Q3 2025 saw strong results with 1,217 homes delivered, $817M in revenue, and a 21.6% adjusted gross margin. Liquidity remains robust, and community count is set to grow 10–15% by end of 2026, despite soft market conditions.
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Q2 2025 saw 1,326 home deliveries and $880M in revenue, with adjusted net income of $69M and a 22.1% gross margin. Guidance for the year was lowered due to softer market conditions, but liquidity and book value per share remain strong.
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Q1 2025 saw strong financial results with 1,040 homes delivered, $721M in revenue, and a 23.9% gross margin. Guidance for the year was lowered due to a slower spring, but liquidity and capital deployment remain robust, with expansion into new markets ongoing.
Fiscal Year 2024
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Q4 2024 saw strong results with $1.2B revenue, 23.3% gross margin, and $129M net income, capping a record year. Guidance for 2025 anticipates lower deliveries and margins due to a softer backlog and macro headwinds, but long-term fundamentals remain strong.
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Q3 2024 saw 32% higher deliveries and 35% revenue growth, with gross margin up to 23.3% and EPS up 55%. Guidance for Q4 and 2024 remains strong, with steady margins and community growth, despite some buyer hesitation due to macro events.
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Q2 saw 38% revenue growth and a 108% EPS increase, driven by strong deliveries and margin expansion. Guidance for 2024 was raised, with robust demand across most regions and continued strategic expansion into new markets.