Tri Pointe Homes(US:TPH)2022-07-21 14:23Financial Performance - Home sales revenue remained flat at $1005 million [14] - Homebuilding gross margin increased by 260 basis points to 272% [14] - Adjusted homebuilding gross margin increased by 210 basis points to 298% [14] - Net income available to common stockholders increased by 16% to $136 million, resulting in earnings per diluted share of $133 [14] Sales and Deliveries - Net new home orders decreased by 16% to 1356 [14, 22] - New home deliveries decreased by 4% to 1485, with an average sales price of $677000 [14, 30] - Backlog units decreased by 2% to 3826 homes, while backlog dollar value increased by 18% to $2981 billion [14, 26] Land and Lots - The company has a total of 39082 lots owned or controlled [11, 47] - Of the total lots, 55% are owned and 45% are controlled [47, 59] Capital Management - The company repurchased 32 million shares for an aggregate dollar amount of $63 million [14] - The company increased the maximum amount of revolving credit facility from $650 million to $750 million and extended the maturity date to June 2027 [65]