Tri Pointe Homes(US:TPH)2025-10-23 14:00Financial Performance - Q3 2025 vs Q3 2024 - Orders decreased by 21% to 995 from 1,252[18] - Deliveries decreased by 25% to 1,217 from 1,619[18] - Average Sales Price (ASP) of deliveries decreased by 2% to $672,000 from $688,000[18] - Home sales revenue decreased by 27% to $817 million from $1.114 billion[18] - Net income available to common stockholders decreased by 50% to $56 million from $112 million[18] Margins and Expenses - Q3 2025 - Homebuilding gross margin was 20.6%, a decrease of 270 bps[18] - Adjusted homebuilding gross margin was 24.7%, a decrease of 210 bps[18] - SG&A expense was 12.9% of home sales revenue, an increase of 210 bps[18] Backlog - Q3 2025 - Backlog units decreased by 44% to 1,298 homes[18] - Backlog dollar value decreased by 41% to $1.014 billion[18] Land Supply - Q3 2025 - Total lots owned or controlled amounted to 32,738[12,61] - Owned lots comprised 49% of the total lot position[61] Liquidity and Debt - Ended the quarter with $1.6 billion in total liquidity, including $792 million in cash and cash equivalents[19,82] - Increased term loan facility from $250 million to $450 million[82] Outlook - The company anticipates full year 2025 deliveries between 4,800 and 5,000 homes at an average sales price of approximately $680,000[92]