Tri Pointe Homes (NYSE: TPH) reported Q1 EPS of $0.14, $0.05 better than the analyst estimate of $0.09. Revenue for the quarter came in at $72.81 million versus the consensus estimate of $59.8 million.

Highlights:

• New home orders increased to 138 compared to 123
• Active selling communities averaged 10.0 compared to 7.3
  • New home orders per average selling community were 13.8 orders (4.60 monthly) compared to 16.8 orders (5.62 monthly)
  • Cancellation rate decreased to 8% compared to 9%
• Backlog increased 36% to 195 homes with a dollar value increase of over 100%, to $157.7 million
  • Average sales price in backlog increased 50% to $809,000
• Home sales revenue of $72.8 million, an increase of 205%
  • New homes deliveries of 92, up 92%
  • Average sales price of homes delivered grew 59% to $791,000
• Homebuilding gross margin percentage of 22.5%, an increase of 400 basis points
• Acquired 319 lots valued at $30.5 million
• Ratio of debt to capital of 35.1% at March 31, 2014

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