The competitive and prestigious award recognizes Tri Pointe Homes for its outstanding commitment to providing the culture, resources and training that result in fully committed team members who feel supported and valued Tri Pointe Homes earns coveted inclusion on the 2025 Fortune Best Workplaces in Construction list for the fourth consecutive year Based solely on employee feedback, the accolade reflects Tri Pointe’s commitment to building a passionate culture, cultivating a sense of belonging, and fosteri ...

Core Viewpoint - Tri Pointe Homes has been recognized for the third consecutive year on the 2025 PEOPLE Companies that Care list, highlighting its commitment to a people-first workplace culture [1][2][3] Company Recognition - The PEOPLE Companies that Care list honors companies for their ability to care for employees, families, and communities, with Tri Pointe meeting rigorous benchmarks in employee well-being, inclusive practices, and social responsibility [2][10] - The recognition is based on over 1.3 million confidential employee survey responses, representing more than 8.4 million employees [3][10] Employee-Centric Initiatives - Tri Pointe Homes has implemented new initiatives based on team member feedback, including an additional PPO medical plan and expanded wellness benefits [4] - A comprehensive Career Development Program has been launched to support professional growth, featuring resources and workshops for team members [4] Community and Cultural Impact - The company promotes community engagement through volunteer-led Compass Clubs and the Tri Pointe C.A.R.E.S. initiative, which offers paid volunteer time [5] - Tri Pointe's LivingSmart® program emphasizes sustainable building practices and environmental stewardship [5] Company Values and Culture - Tri Pointe Homes operates on H.E.A.R.T. values: Humility, Empowerment, Authenticity, Results, and Team, fostering an environment for growth and meaningful impact [6] - The company has been recognized as one of the 2023 and 2025 Fortune 100 Best Companies to Work For and has received multiple awards for its workplace culture [9]

As a seasoned homebuilding leader with deep Lowcountry roots, Robert Norton will guide Tri Pointe's strategic growth and premium lifestyle vision across the Coastal Carolinas market CHARLESTON, S.C., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the US, today announced the appointment of Robert Norton as division president of its Coastal Carolinas division. Norton brings more than two decades of dynamic homebuilding and financial leadership experience to ...

Group 1 - The housing sector is currently experiencing a downturn, and this trend is expected to persist in the foreseeable future [2] - Tri Pointe Homes, Inc. (NYSE: TPH) is highlighted as a home builder that has shown significant insider buying activity [2] - The Insiders Forum focuses on small and mid-cap stocks with recent insider purchases, aiming to outperform the Russell 2000 benchmark [2]

Group 1 - Tri Pointe Homes (TPH) experienced a significant decline in share price, closing down 9.8% on July 24th following the announcement of its second-quarter financial results [1] - The company is part of the homebuilding sector, which is currently facing challenges reflected in the stock performance [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and growth potential [1] - The service includes a stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [2]

Financial Performance - Tri Pointe Homes reported non-GAAP EPS of $0.77, exceeding the analyst consensus estimate of $0.68, while GAAP revenue was $879.8 million, surpassing the expected $806.7 million [1][5] - Year-over-year comparisons showed a decline in non-GAAP EPS by 38.4% from $1.25 and a 22.3% decrease in GAAP revenue from $1.13 billion [2][5] - Net income available to common stockholders was $60.7 million, down from $118.0 million a year earlier, impacted by an $11.0 million inventory-related charge [5] Market Trends - New home orders fell significantly, with 1,131 net new home orders in Q2 2025, a 31.5% decrease from the previous year [6] - The cancellation rate increased to 13%, up from 9%, indicating pressure on future sales [6] - Backlog units declined by 43.5% to 1,520, with backlog dollar value dropping to $1.2 billion, down 41% [6] Operational Insights - Gross margin for Q2 FY2025 was 22.1%, down from 23.6% in the prior year, attributed to sales incentives and community mix [7] - SG&A expenses as a percentage of revenue rose to 12.6%, influenced by inflation and investments in new markets [7] - The company delivered 1,326 homes, a 22% year-over-year drop, with an average selling price of $664,000 [8] Business Strategy - Tri Pointe operates in 17 markets across twelve states and the District of Columbia, focusing on acquiring land and developing residential communities [3] - Recent expansion efforts target fast-growing regions like Utah, Florida, and the Carolinas, while maintaining disciplined capital allocation [4] - The company owned or controlled 34,025 lots as of June 30, 2025, reflecting a 6.8% downturn since December 2024 [9] Financial Position - Tri Pointe's liquidity position remains strong with $1.4 billion available, including $623 million in cash [10] - Homebuilding debt as a share of capital was 21.7%, with a net homebuilding debt-to-net capital ratio of 8.0% [10] - The company repurchased $100 million of its own shares, reducing the outstanding share count by approximately 5.4% [10] Future Outlook - Management provided guidance for Q3 FY2025, targeting deliveries of 1,000 to 1,100 homes and an average sales price between $675,000 and $685,000 [11] - For FY2025, the expected home deliveries range from 4,800 to 5,200, with gross margins projected between 20.5% and 22.0% [11] - Investors are advised to monitor trends in new home orders, cancellation rates, and margin pressures as the company navigates a cooling housing market [12]

PART I. FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements show a decline in assets, revenue, and net income for the period [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to $4.80 billion, driven by a significant reduction in cash and cash equivalents Balance Sheet Summary | Balance Sheet Item | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $622,642 | $970,045 | | Real estate inventories | $3,301,302 | $3,153,459 | | Total assets | $4,797,842 | $4,891,115 | | **Liabilities & Equity** | | | | Total liabilities | $1,507,748 | $1,555,393 | | Total stockholders' equity | $3,289,961 | $3,335,710 | | Total liabilities and equity | $4,797,842 | $4,891,115 | - Cash and cash equivalents decreased by approximately **36%** from **$970.0 million** at the end of 2024 to **$622.6 million** as of June 30, 2025[13](index=13&type=chunk) - Real estate inventories increased from **$3.15 billion** to **$3.30 billion** during the first six months of 2025[13](index=13&type=chunk) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) The company reported a significant year-over-year decline in revenue and net income for Q2 and YTD 2025 Operations Summary | Metric | Q2 2025 (in thousands) | Q2 2024 (in thousands) | YTD 2025 (in thousands) | YTD 2024 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | Home sales revenue | $879,832 | $1,133,008 | $1,600,618 | $2,051,361 | | Total revenues | $884,010 | $1,137,950 | $1,607,437 | $2,064,158 | | Income before income taxes | $84,350 | $159,229 | $170,860 | $289,809 | | Net income available to common stockholders | $60,748 | $118,002 | $124,784 | $217,057 | | Diluted EPS | $0.68 | $1.25 | $1.38 | $2.28 | [Consolidated Statements of Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Equity) Stockholders' equity decreased to $3.29 billion, impacted by net income and significant share repurchases - For the six months ended June 30, 2025, the company recorded net income of **$124.7 million** and repurchased shares for a total cost of **$176.7 million**[18](index=18&type=chunk) - The number of common shares outstanding decreased from **92,451,729** at December 31, 2024, to **87,506,511** at June 30, 2025, primarily due to share repurchases[18](index=18&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $105.4 million, a reversal from cash provided in the prior-year period Cash Flow Summary (Six Months Ended June 30) | Cash Flow Activity | 2025 (in thousands) | 2024 (in thousands) | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(105,416) | $167,894 | | Net cash used in investing activities | $(39,549) | $(15,410) | | Net cash used in financing activities | $(202,438) | $(528,497) | | **Net decrease in cash and cash equivalents** | **$(347,403)** | **$(376,013)** | - Share repurchases (excluding excise tax) amounted to **$175.1 million** in the first six months of 2025, compared to **$86.7 million** in the prior-year period[21](index=21&type=chunk) [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail segment information, inventory impairments, debt structure, and stock compensation plans - The company operates in two principal businesses: **homebuilding** and **financial services**, with homebuilding further divided into West, Central, and East segments[41](index=41&type=chunk)[42](index=42&type=chunk) - A real estate inventory impairment charge of **$11.0 million** was recorded in Q2 2025 related to one active community in the West reporting segment[54](index=54&type=chunk) - As of June 30, 2025, the company had **$647.1 million** in senior notes and **$262.9 million** in loans payable outstanding[75](index=75&type=chunk)[79](index=79&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=30&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses challenging market conditions, declining operational results, and long-term positive fundamentals [Overview and Outlook](index=31&type=section&id=Overview%20and%20Outlook) Q2 2025 market softness led to a 22% revenue decline, though long-term demand drivers remain intact - The U.S. housing market in Q2 2025 was challenged by **policy uncertainty**, leading to greater price sensitivity and a more measured approach from homebuyers[136](index=136&type=chunk) - Long-term housing demand fundamentals remain strong, supported by **Millennial and Gen Z demographics** and a persistent undersupply of housing[137](index=137&type=chunk) Q2 2025 Key Metrics | Metric | Value | YoY Change | | :--- | :--- | :--- | | Home Sales Revenue | $879.8 million | -22% | | Net Income | $60.7 million | -49% | | Diluted EPS | $0.68 | -46% | | New Home Deliveries | 1,326 | - | | Net New Home Orders | 1,131 | - | [Results of Operations](index=32&type=section&id=Results%20of%20Operations) Operational metrics, including new orders, backlog, and gross margins, declined year-over-year - Net new home orders for Q2 2025 decreased **31% YoY** to 1,131, driven by a **30%** decrease in monthly absorption rates[142](index=142&type=chunk) - Backlog as of June 30, 2025, was down **44%** in units to 1,520 and **41%** in dollar value to **$1.2 billion** compared to the prior year[146](index=146&type=chunk) - Q2 2025 homebuilding gross margin percentage fell to **20.8%** from 23.6% in Q2 2024, primarily due to an **$11.0 million** land impairment charge and higher incentives[151](index=151&type=chunk) - For the six months ended June 30, 2025, home sales revenue decreased **22%** to **$1.6 billion**, and homebuilding gross margin percentage decreased to **22.2%** from 23.3% YoY[163](index=163&type=chunk)[167](index=167&type=chunk) [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained strong liquidity of $1.4 billion while actively repurchasing shares - Total liquidity as of June 30, 2025, was **$1.4 billion**, consisting of **$622.6 million** in cash and **$785.7 million** of availability under the Credit Facility[178](index=178&type=chunk) - In April 2025, the company amended its credit agreement, increasing the revolving facility from $750 million to **$850 million** and extending its maturity to April 2030[185](index=185&type=chunk) - During the six months ended June 30, 2025, the company repurchased **5,458,694 shares** of common stock for **$175.0 million**[191](index=191&type=chunk) Leverage Ratios | Ratio | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Ratio of homebuilding debt-to-capital | 21.7% | 21.6% | | Ratio of net homebuilding debt-to-net capital | 8.0% | (1.6)% | [Quantitative and Qualitative Disclosures About Market Risk](index=46&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations on its debt, with no derivatives used for hedging - The primary market risk exposure is related to **interest rate fluctuations** on outstanding debt[206](index=206&type=chunk) - The company did not utilize any **derivative financial instruments** for hedging or speculative purposes during the six months ended June 30, 2025[206](index=206&type=chunk) [Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material internal control changes - The Principal Executive Officer and Principal Financial Officer concluded that the company's **disclosure controls and procedures were effective** as of the end of the period[207](index=207&type=chunk) - No changes occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's **internal control over financial reporting**[208](index=208&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=47&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course lawsuits and claims but held zero legal reserves as of June 30, 2025 - Details on legal matters are referenced in **Note 13, Commitments and Contingencies**[210](index=210&type=chunk) [Risk Factors](index=47&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the company's 2024 Annual Report on Form 10-K - No material changes to risk factors were reported since the last **Annual Report on Form 10-K** and subsequent quarterly report[211](index=211&type=chunk) [Issuer Purchases of Equity Securities](index=47&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company repurchased $100.0 million of shares in Q2 2025 and increased its repurchase authorization in July - In Q2 2025, the company repurchased **3,187,982 shares** of its common stock for **$100.0 million** at an average price of **$31.37** per share[212](index=212&type=chunk)[213](index=213&type=chunk) - On July 23, 2025, the board of directors increased the total share repurchase authorization from $250 million to **$300 million**[213](index=213&type=chunk) [Other Information](index=48&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated any Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted or terminated **Rule 10b5-1 trading plans** during the second quarter of 2025[214](index=214&type=chunk) [Exhibits](index=49&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including a credit facility modification and required CEO/CFO certifications - Key exhibits filed include the **Fifth Modification Agreement** to the company's credit facility and **CEO/CFO certifications** under Sarbanes-Oxley Sections 302 and 906[215](index=215&type=chunk)

Core Viewpoint - Tri Pointe Homes, Inc. reported its financial results for the second quarter of 2025 during an earnings conference call, highlighting key performance metrics and future outlook [3]. Financial Results - The company released its financial results for Q2 2025, which are detailed in documents available on its website [3]. - The earnings call included discussions on future financial and operational performance, which are considered forward-looking statements [3]. Participants - The earnings call featured various company participants, including the CEO, CFO, and other executives, as well as analysts from different research firms [1].

Tri Pointe Homes (TPH) Q2 2025 Earnings Call July 24, 2025 10:00 AM ET Company ParticipantsDavid Lee - VP, General Counsel & Corporate SecretaryDouglas Bauer - CEO & DirectorGlenn Keeler - CFO & Chief Accounting OfficerTrevor Allinson - Director - Equity ResearchStephen Kim - Senior MDTom Mitchell - Chief Operating Officer and PresidentAlan Ratner - Managing DirectorLinda Mamet - EVP & Chief Marketing OfficerJay McCanless - MD - Equity ResearchAlex Barron - President & FounderConference Call ParticipantsMik ...

Financial Data and Key Metrics Changes - In Q2 2025, the company delivered 1,326 homes at an average sales price of $664,000, generating $880 million in home sales revenue [4][12] - Adjusted net income was $69 million, or $0.77 per diluted share, reflecting a disciplined pricing strategy and cost control [5][13] - Homebuilding gross margin, adjusted to exclude an inventory-related charge, was 22.1% [4][13] - The company ended the quarter with $1.4 billion in total liquidity, including $623 million in cash [6][15] Business Line Data and Key Metrics Changes - The company generated 1,131 net new home orders in the quarter, with a monthly absorption rate of 2.5 homes per average selling community [5][12] - The absorption pace varied by region, with the East showing a stronger pace of 3.1 homes per community per month, while the Central region had a pace of 2.3 [14][15] Market Data and Key Metrics Changes - The company noted that several markets are experiencing rising housing inventory levels and a softer pricing environment, particularly in Sacramento and Arizona [5][14] - In contrast, the Inland Empire, San Diego, and Seattle markets showed stronger demand [14][61] Company Strategy and Development Direction - The company is focusing on balancing pace and price on a community-by-community basis, moderating its start pace to normalize spec inventory [6][10] - New market expansions in Utah, Florida, and the Coastal Carolinas are expected to contribute to meaningful growth over time [10] - The company plans to continue favoring price over pace, citing consumer confidence as a critical factor [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the housing market, driven by favorable demographics and a persistent supply-demand imbalance [19][20] - The near-term environment remains challenging due to policy uncertainty and geopolitical tensions affecting buyer confidence [5][10] Other Important Information - The company returned $100 million to shareholders through share repurchases, reducing its share count by 3.5% in Q2 [8][9] - The company has a disciplined land investment strategy, focusing on opportunities that yield the strongest returns in core markets [7][10] Q&A Session Summary Question: Confidence in hitting fourth-quarter volume guidance - Management indicated confidence in meeting the implied fourth-quarter volume guidance, stating they have sufficient move-in ready and spec homes [22][23] Question: Expectations for incentives and gross margin - Incentives were 7.1% in Q2 and are expected to trend slightly up, which is factored into the gross margin guidance [24][26] Question: Details on the impairment charge - The $11 million impairment charge was related to a challenging Bay Area project, with a watch list for projects with margins around 10% [30][31][32] Question: Absorption trends throughout the quarter - Absorption started strong in April, peaked in May, and trended down in June, following seasonal patterns [38] Question: Strategic approach to pace and price - The company will continue to favor price over pace, citing consumer confidence as a driving force [49][50] Question: Current build time and improvement opportunities - The average build time is currently 115 working days, with ongoing initiatives to reduce cycle times [92][93]