TRI Pointe Group, Inc. Reports 2018 Third Quarter Results

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Go back to TRI Pointe Group, Inc. Reports 2018 Third Quarter Results

Tri Pointe Homes, Inc. (TPH) Tops Q3 EPS by 3c, Slight Miss on Revenues

October 24, 2018 6:04 AM EDT

Tri Pointe Homes, Inc. (NYSE: TPH) reported Q3 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $771.8 million versus the consensus estimate of $772.84 million.

Net income available to common stockholders was $64.0 million, or $0.43 per diluted share, compared to $72.3 million, or $0.48 per diluted shareHome sales revenue of $771.8 million compared to $648.6 million, an increase of 19%--New home deliveries of 1,205 homes compared to 1,111 homes, an increase of 8%--Average sales price of homes delivered of $640,000 compared to $584,000, an increase of 10%Homebuilding gross margin percentage of 21.3% compared to 19.5%, an increase... More