Tri Pointe Homes (TPH) Tops Q2 EPS by 4c

Tri Pointe Homes (NYSE: TPH) reported Q2 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $87.34 million versus the consensus estimate of $75.4 million.

• New home orders increased to 190 compared to 131
• Active selling communities averaged 12.3 compared to 6.8
  • New home orders per average selling community were 15.4 orders (5.15 monthly) compared to 19.3 orders (6.42 monthly)
  • Cancellation rate increased to 9% compared to 6%
• Backlog increased 54% to 282 homes with a dollar value increase of 115%, to $231.7 million
  • Average sales price in backlog increased 40% to $822,000
• Home sales revenue of $87.3 million, an increase of 84%
  • New homes deliveries of 103, up 13%
  • Average sales price of homes delivered grew 62% to $848,000

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

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