TRI Pointe Group (TPH) Tops Q2 EPS by 12c, Revenues Beat

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TRI Pointe Group, Inc. Reports 2020 Second Quarter Results

July 24, 2020 6:00 AM EDT

-June Net New Home Orders up 28% Year-Over-Year--Backlog Dollar Value up 17% Year-Over-Year--Homebuilding Gross Margin Percentage of 21.6%--Diluted Earnings Per Share of $0.43-

IRVINE, Calif., July 24, 2020 (GLOBE NEWSWIRE) -- TRI Pointe Group, Inc. (the Company) (NYSE: TPH) today announced results for the second quarter ended June 30, 2020.

TRI Pointe Group experienced a significant rebound from the initial weeks of the COVID-19 pandemic, with double-digit revenue growth and significant margin expansion as compared to the prior-year period, as well as... More