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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Fo ...

Tri Pointe Homes, Inc. (NYSE:TPH) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants David Lee – General Counsel Doug Bauer – Chief Executive Officer Glenn Keeler – Chief Financial Officer Tom Mitchell – President and Chief Operating Officer Linda Mamet – Executive Vice President and Chief Marketing Officer Conference Call Participants Stephen Kim – Evercore ISI Mike Dahl – RBC Capital Alan Ratner – Zelman & Associates Carl Reichardt – BTIG Jay McCanless – Wedbush Securities Ale ...

Shares of Tri Pointe have returned +23.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Tri Pointe Homes (TPH) reported $1.13 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 38.3%. EPS of $1.25 for the same period compares to $0.60 a year ago. While investors closely watch year-over-year changes in headline nu ...

Carolinas comprises North Carolina and South Carolina. Washington D.C. Area comprises Maryland, Virginia and the District of Columbia. As of June 30, 2024 and December 31, 2023, lots controlled included lots that were under land option contracts or purchase contracts. As of June 30, 2024 and December 31, 2023, lots controlled for Central include 3,449 and 3,561 lots, respectively, and lots controlled for East include 47 and 71 lots, respectively, which represent our expected share of lots owned by our inves ...

Tri Pointe Homes (TPH) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items. What's Next for Tri Pointe? Tri Pointe, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.13 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 7.86%. This compares to year-ago revenues of $819. ...