TPH Stock Recent News

Doug Bauer, Tri Pointe Homes CEO, joins 'The Exchange' to discuss the current state of business for the homebuilders, the company's exposure in California, and much more.

Tri Pointe Homes: Things Get Tougher From Here

Tri Pointe Homes, Inc. (NYSE:TPH ) Q4 2024 Earnings Conference Call February 18, 2025 10:00 AM ET Company Participants David Lee - General Counsel Doug Bauer - CEO Glenn Keeler - CFO Tom Mitchell - President and COO Linda Mamet - EVP and Chief Marketing Officer Conference Call Participants Stephen Kim - Evercore ISI Paul Przybylski - Wolfe Research Mike Dahl - RBC Capital Markets Ken Zener - Seaport Research Carl Reichardt - BTIG Jay McCanless - Wedbush Securities Jesse Lederman - Zelman & Associates Operator Ladies and gentlemen, good morning, and welcome to the Tri Pointe Homes Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Although the revenue and EPS for Tri Pointe (TPH) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Tri Pointe Homes (TPH) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.36 per share a year ago.

Fourth Quarter Highlights -New Home Deliveries of 1,748 for Home Sales Revenue of $1.2 Billion- -Homebuilding Gross Margin Percentage of 23.3%- -Selling, General and Administrative Expense as a Percentage of Home Sales Revenue of 10.3%- -Diluted Earnings Per Share of $1.37- INCLINE VILLAGE, Nev., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE: TPH) today announced results for the fourth quarter ended December 31, 2024 and full year 2024.

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HEBER CITY, Utah--(BUSINESS WIRE)--Tri Pointe Homes (NYSE: TPH), one of the nation's largest homebuilders, broke ground on what will be one of many new communities it is building in Utah, The Crossings at Lake Creek located in Heber City. The Crossings is a planned community and includes an estimated 139 single-family homes by Tri Pointe Homes. The community's first homes are anticipated to open for sales in summer 2025. The groundbreaking ceremony on Wednesday, Feb. 5 included remarks from Tri.

INCLINE VILLAGE, Nev., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE: TPH) announced today that it will release its financial results for the fourth quarter of 2024 before the market opens on Tuesday, February 18, 2025. The Company will host a conference call on the same day to discuss the results at 7:00 AM Pacific (10:00 AM Eastern). The call will be hosted by Doug Bauer, Chief Executive Officer, Tom Mitchell, Chief Operating Officer, Glenn Keeler, Chief Financial Officer, and Linda Mamet, Executive Vice President and Chief Marketing Officer.

Existing home sales grew 4.8% in November 2024 on a month-over-month basis on the back of increased employment and optimism around Fed rate cuts.