TPH
Tri Pointe Homes, Inc.32.91
-0.79-2.34%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
2.88BP/E (TTM)
9.71Basic EPS (TTM)
3.39Dividend Yield
0%Recent Filings
10-K
FY2025 results
Tri Pointe Homes delivered 4,947 homes in FY2025 ended December 31, 2025, down 23% y/y from 6,460, driving $3.4B home sales revenue (flat ASP ~$680K) versus $4.4B prior year; Q4 momentum faltered with net orders plunging 24% to 4,292 amid affordability headwinds, backlog crashing 43% to 862 units ($670M value). Gross margins slipped to 21.0% from 23.3% on $31.1M impairments (90bps hit) and incentives, while SG&A rose to 12.6% of revenue on lower volume. Balance sheet shines: $983M cash, zero revolver draws, $798M availability, fueling $277M buybacks (8.6% shares retired). Pending Sumitomo merger at $47/share adds uncertainty. Yet interest rates threaten demand.
8-K
Q4 revenue down 23%
Tri Pointe Homes reported Q4 2025 net income of $60.2M ($0.70/share), down from $129.2M ($1.37/share), with home sales revenue dropping 23% to $945.9M on 1,364 deliveries versus 1,748. Gross margin slipped to 19.3% amid $11.8M inventory charges; backlog halved to 862 units. Pending Sumitomo Forestry merger awaits approvals. Revenue plunged.
8-K
Sumitomo buys Tri Pointe for $47/share
Tri Pointe Homes struck a deal on February 13, 2026, to merge with Sumitomo Forestry's subsidiary for $47.00 per share in cash, valuing the equity at $4.1 billion. Stockholders must approve, with HSR clearance needed; close eyed for Q2 2026. No financing hitch. Executives locked in via retention bonuses up to $11.5M.
8-K
Q3 deliveries down, margins slip
Tri Pointe Homes delivered 1,217 homes at $672,000 average price for $817.3 million revenue in Q3 2025, down from 1,619 homes and $1.1 billion last year amid soft demand. Gross margin slipped to 20.6% from 23.3%, hit by $8.3 million inventory charges, yet balance sheet stays rock-solid at 25.1% debt-to-capital. Share repurchases hit $50.9 million. Liquidity tops $1.6 billion.
10-Q
Q3 FY2025 results
Tri Pointe Homes posted Q3 revenue of $837M, down 26% y/y from $1.1B as home sales fell 27% y/y to $817M amid softer demand, while gross margin slipped to 20.6% from 23.3% due to $8.3M impairments and higher incentives. Operating income dropped 53% y/y to $65M; diluted EPS fell 46% y/y to $0.64 on 88M shares, consistent with reported figures. Cash dipped to $792M with $791M revolver availability, $1.1B total homebuilding debt (25% debt-to-capital), and $228M in share repurchases YTD. West led revenue at 56%, but all regions saw absorption rates halve. Inventory impairments hit across segments. Elevated inventory levels pressure sales pace.
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