{"id":813871,"date":"2025-02-18T06:07:19","date_gmt":"2025-02-18T11:07:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tri-pointe-homes-inc-reports-2024-fourth-quarter-and-full-year-results\/"},"modified":"2025-02-18T06:07:19","modified_gmt":"2025-02-18T11:07:19","slug":"tri-pointe-homes-inc-reports-2024-fourth-quarter-and-full-year-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tri-pointe-homes-inc-reports-2024-fourth-quarter-and-full-year-results\/","title":{"rendered":"Tri Pointe Homes, Inc. Reports 2024 Fourth Quarter And Full Year Results"},"content":{"rendered":"
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\n Fourth Quarter Highlights<\/u>
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\n -New Home Deliveries of 1,748 for Home Sales Revenue of $1.2 Billion-<\/strong>
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\n -Homebuilding Gross Margin Percentage of 23.3%-<\/strong>
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\n -Selling, General and Administrative Expense as a Percentage of Home Sales Revenue of 10.3%-<\/strong>
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\n -Diluted Earnings Per Share of $1.37-<\/strong>\n <\/p>\n

INCLINE VILLAGE, Nev., Feb. 18, 2025 (GLOBE NEWSWIRE) — Tri Pointe Homes, Inc. (the \u201cCompany\u201d) (NYSE: TPH) today announced results for the fourth quarter ended December\u00a031, 2024 and full year 2024.<\/p>\n

\u201cTri Pointe Homes delivered strong fourth quarter results, capping off another exceptional year for our company,\u201d said Tri Pointe Homes Chief Executive Officer Doug Bauer. \u201cDuring the quarter, we delivered 1,748 new homes, generating $1.2 billion in home sales revenue. With our homebuilding gross margin improving 40 basis points year-over-year to 23.3% and SG&A as a percentage of home sales revenue of 10.3%, we generated net income available to common stockholders of $129 million, or $1.37 per diluted share.\u201d<\/p>\n

\u201cWe also achieved several milestones for the full year, including delivering a record-high 6,460 new homes with net income available to common stockholders of $458 million, or $4.83 per diluted share, representing a 40% increase in diluted earnings per share year-over-year,\u201d continued Mr. Bauer. \u201cIn addition, we generated record operating cash flows, redeemed $450 million in senior notes, and finished the year with the strongest balance sheet and liquidity in our history. Through these strong results and our disciplined capital allocation, including the repurchase of 4.0 million in shares outstanding through our stock repurchase program, we increased year-over-year book value per share by 14.5%.\u201d<\/p>\n

\u201cWe recognize that elevated mortgage rates in the fourth quarter caused some buyers to remain on the sidelines for the short-term, resulting in softer seasonal sales in the last part of 2024,\u201d said Tom Mitchell, Tri Pointe Homes President and Chief Operating Officer. \u201cHowever, we are seeing a weekly increase in demand and reduced incentives in the early part of 2025 and are optimistic for the spring selling season. We are confident that strong long-term fundamentals, including both favorable demographics and the ongoing supply and demand imbalance, position Tri Pointe Homes and our industry for ongoing success. As a company, we continue to invest in our core market strategy, focusing on A locations, a differentiated premium product offering, and an elevated customer experience. This commitment enables us to attract a well-qualified and resilient buyer profile who desires our product, reinforcing our long-term value proposition.\u201d<\/p>\n

Mr. Bauer concluded, \u201cWith a robust supply of over 36,000 total lots, we believe we are well-positioned to capitalize on the housing shortage and continue to grow our business, delivering strong cash flows and returns to stockholders. Our diverse product offerings, combined with the flexibility of our 54% optioned lot supply, enable us to adapt to changing market conditions and efficiently allocate capital to maximize earnings. Our strong balance sheet supports further capital returns through share repurchases, while maintaining the liquidity necessary to expand our market presence and pursue organic growth opportunities.\u201d<\/p>\n

\n Results and Operational Data for Fourth Quarter 2024 and Comparisons to Fourth Quarter 2023 <\/strong>\n <\/p>\n