TRI Pointe Homes (NYSE: TPH) reported Q1 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $423.1 million versus the consensus estimate of $406.22 million.

• ew home orders of 1,149 compared to 1,194, a decrease of 4%
• Active selling communities averaged 114.5 compared to 113.0
  • New home orders per average selling community were 10.0 orders (3.3 monthly) compared to 10.6 orders (3.5 monthly)
  • Cancellation rate increased to 13% compared to 11%
• Backlog units of 1,534 homes compared to 1,558, a decline of 2%
  • Dollar value of backlog of $891.5 million compared to $943.4 million, a decrease of 5%
  • Average sales price in backlog of $581,000 compared to $605,000, a decline of 4%
• Home sales revenue of $423.1 million compared to $374.3 million, an increase of 13%
  • New homes deliveries of 771 homes compared to 668 homes, an increase of 15%
  • Average sales price of homes delivered of $549,000 compared to $560,000, a decline of 2%
• Homebuilding gross margin percentage of 23.3% compared to 19.9%, an increase of 340 basis points
  • Excluding interest, impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 25.4%*

For earnings history and earnings-related data on TRI Pointe Homes (TPH) click here.