2023-04-27 06:07:29 ET
- Tri Pointe Homes press release ( NYSE: TPH ): Q1 GAAP EPS of $0.73 beats by $0.32 .
- Revenue of $770.79M (+6.0% Y/Y) beats by $184.03M .
- Home sales revenue of $768.4 million compared to $725.3 million, an increase of 6%
- New home deliveries of 1,065 homes compared to 1,099 homes, a decrease of 3%
- Average sales price of homes delivered of $722,000 compared to $660,000, an increase of 9%
- Net new home orders of 1,619 compared to 1,896, a decrease of 15%
- Active selling communities averaged 136.0 compared to 111.5, an increase of 22%
- Net new home orders per average selling community were 11.9 orders (4.0 monthly) compared to 17.0 orders (5.7 monthly)
- Cancellation rate of 10% compared to 8%
- Backlog units at quarter end of 2,026 homes compared to 3,955, a decrease of 49%
- Dollar value of backlog at quarter end of $1.5 billion compared to $2.9 billion, a decrease of 49%
- Average sales price of homes in backlog at quarter end of $742,000 compared to $741,000, remaining relatively flat
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Tri Pointe Homes GAAP EPS of $0.73 beats by $0.32, revenue of $770.79M beats by $184.03M