-New Home Deliveries of 1,619--Home Sales Revenue of $1.1 Billion--Homebuilding Gross Margin Percentage of 23.3%--Diluted Earnings Per Share of $1.18--Homebuilding Debt-to-Capital Ratio Reduced to Record Low of 22.1%- INCLINE VILLAGE, Nev., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced results for the third quarter ended September 30, 2024. “Tri Pointe Homes once again delivered excellent financial results for the third quarter,” said Doug Bauer, Tri Poi ...

Final New Construction Phase of Sought-After Community Offers Two- and Three-Story Townhomes in Charming and Historic Raleigh SuburbRALEIGH, N.C., Oct. 21, 2024 /PRNewswire/ -- Tri Pointe Homes®, a nationally recognized and rapidly expanding leader in the Raleigh new home real estate sector, is now selling The Mews at Holding Village, the final new construction phase in the popular Holding Village neighborhood in Wake Forest. Priced from the mid $300s, these two- and three-story townhomes provide low-mainte ...

Homebuilder Awarded More Than 10 Accolades Including Home of the Year and Salesperson of the Year POTOMAC, Md., Oct. 10, 2024 /PRNewswire/ -- Tri Pointe Homes, Inc. (NYSE: TPH) is pleased to announce that its D.C. Metro division received 13 awards (eleven awards and two awards of merit) across the categories of design & architecture, interior merchandising and sales & marketing during the Great American Living Awards held on October 9, 2024. Tri Pointe Homes also received two of the most prominent awards of ...

Core Points - Tri Pointe Homes, Inc. will release its financial results for Q3 2024 on October 24, 2024, before market opens [1] - A conference call to discuss the results will be held at 7:00 AM Pacific (10:00 AM Eastern) on the same day, hosted by key executives [1] - The company is recognized as one of the largest homebuilders in the U.S., operating in 12 states and the District of Columbia [4] Company Overview - Tri Pointe Homes is a publicly traded company known for its customer experience, innovative design, and environmentally responsible practices [4] - The company has received multiple awards, including being named to the 2024 Fortune World's Most Admired Companies™ list and the 2023 Fortune 100 Best Companies to Work For® [4] - Tri Pointe Homes has been recognized as a Great Place To WorkCertified™ company for four consecutive years (2021-2024) [4]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Core Viewpoint - Tri Pointe Homes has shown impressive growth, with a significant increase in stock price and strong financial performance, leading to a continued 'buy' rating despite some concerns regarding backlog and net new orders [1][11]. Financial Performance - Revenue for the second quarter of 2024 reached $1.15 billion, a 37.9% increase from $837.3 million in the same quarter last year [3]. - Net income nearly doubled from $60.7 million to $118 million, driven by increased home deliveries despite a decrease in average home price from $698,000 to $666,000 [4]. - EBITDA rose from $129.9 million to $216 million, indicating improved profitability metrics [4]. Delivery and Pricing - The number of home deliveries surged from 1,173 to 1,700 homes in the second quarter, contributing to revenue growth [3]. - Average home prices decreased from $709,000 to $663,000 in the first half of 2024, but the increase in delivery volume offset this decline [5]. Backlog and Orders - Backlog decreased to 2,692 homes from 2,765 homes a year ago, indicating potential challenges in future demand [6]. - Net new orders fell to 1,651 homes in the most recent quarter, down 13.7% from 1,912 homes the previous year [8]. Market Positioning - Tri Pointe Homes is attractively priced compared to peers, with a price-to-earnings ratio of 7.1, lower than most competitors [10]. - The company is expected to generate net profits of $550.7 million and adjusted operating cash flow of $583.5 million based on annualized results [9]. Industry Outlook - Despite current challenges, the long-term outlook for the housing market remains positive due to a significant shortage of homes, estimated between 4 million and 7 million [6].

Company Overview - Tri Pointe Homes is one of the largest homebuilders in the U.S., operating in 12 states and the District of Columbia, recognized for customer experience, innovative design, and environmentally responsible practices [4] - The company has received multiple accolades, including being named to the 2024 Fortune World's Most Admired Companies™ list and one of the 2023 Fortune 100 Best Companies to Work For® [4] - Tri Pointe Homes has a strong presence in the Raleigh real estate sector and has been recognized as a Great Place To Work-Certified™ company for four consecutive years from 2021 to 2024 [4] New Developments - The grand openings of Tredenham and Elm Park highlight the company's commitment to quality and innovation in homebuilding, offering luxury residences in desirable locations within the Triangle area [1] - Tredenham features two-story townhomes ranging from approximately 1,650 to 1,916 square feet, with three bedrooms and two-and-a-half baths, priced from the low $400Ks [1] - Elm Park offers homes between 2,252 and 2,398 square feet, with three to four bedrooms and two-and-a-half to three-and-a-half baths, starting from the $500Ks [2] Community Features - Tredenham is located near world-class educational institutions such as NCSU, Duke, and UNC, providing a vibrant living experience close to cultural and recreational amenities [1] - Elm Park is situated in a core Raleigh location, offering easy access to RTP, RDU airport, and various dining and retail options, along with outdoor living spaces and proximity to parks [2] Promotions and Future Plans - The company is currently running a "Warm Days, Warmer Welcome Savings Event," providing savings opportunities like closing cost credits and special interest rates for homebuyers [3] - Tri Pointe Homes is also developing additional communities in prime locations across the Triangle area, including Barlow in Raleigh, Chatham Park in Pittsboro, and Holding Village in Wake Forest [3]

"Serenity offers the perfect location for Tri Pointe Homes to expand its Altis brand to the East Coast," said Tri Pointe Homes' Vice President of Community Experience James Flanagan. "Greenfield Communities has done a stellar job creating an idyllic backdrop for this new premium lifestyle community, all within a short drive to the shopping, dining, and culture of nearby Fuquay Varina, Holly Springs, Angier, and the rest of the greater Triangle. We believe in building community in every sense of the word, fr ...

RALEIGH, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE:TPH), one of the largest homebuilders in the U.S., together with its Raleigh division, today announced the development of Altis, its first 55+ lifestyle brand community on the East Coast. Located within Greenfield Communities' 550-acre Serenity development in rapidly growing Northwest Harnett County just outside Fuquay-Varina, Altis at Serenity is expected to add an additional 425 homes to the anticipated total buildout of 1,210 reside ...

Tri Pointe Homes (TPH) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The p ...