NYSE$TPH

Tri Pointe Homes Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Tri Pointe Homes delivered outstanding results in Q1 2022, with earnings of $0.81 per diluted share and a 19% increase in backlog dollar value year-over-year.

Tri Pointe Homes reported strong first-quarter results for 2022, with diluted earnings per share of $0.81. The company's home sales revenue increased by 1% to $725.3 million, and the homebuilding gross margin percentage rose to 26.8%. The dollar value of the backlog also increased by 19% year-over-year, positioning the company well for the full year.

  • Diluted earnings per share were $0.81.
  • Home sales revenue increased by 1% to $725.3 million.
  • Homebuilding gross margin percentage increased to 26.8%.
  • Backlog dollar value increased by 19% year-over-year to $2.9 billion.

Headline financials

Total Revenue

$736M

Previous: $721M+2.1%
EPS (adj)

$0.81

Previous: $0.59+37.3%
Avg Sales Price Delivered

$660K

Previous: $621.00+106180.2%
Avg Backlog Sales Price

$741K

Previous: $659.00+112343.1%
Capital Expenditures

-$12.5M

Previous: -$5.68M-120.7%
Free Cash Flow

$76M

Previous: $65.1M+16.6%
Net Income

$88.5M

Previous: $70.8M+25.0%
Operating Income

$115M

Previous: $90.9M+26.5%
Gross Profit

-$766K

Previous: $721M-100.1%
Cash & Equivalents

$413M

Previous: $585M-29.4%
Total Assets

$4.31B

Previous: $4.09B+5.4%
Stock-Based Comp

$5.27M

Previous: $3.66M+44.2%

Revenue & EPS history

Tri Pointe · Revenue · Quarterly

$736M

Q1 2022+2.1%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Tri Pointe · $7.88M total across 2 segments · Q2 2023

  • Land and Lot Sales
    $7.09M
  • Other Operations
    $796K

Forward guidance

For the second quarter, the Company anticipates delivering between 1,300 and 1,500 homes at an average sales price between $670,000 and $680,000. The Company expects homebuilding gross margin percentage to be in the range of 26.0% to 27.0% for the second quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 10.0% to 11.0%. Finally, the Company expects its effective tax rate for the second quarter to be in the range of 25.0% to 26.0%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.5%

Avg return

30 days after

55%

32 / 58 earnings

Positive

+13.2%

Q3 2012

Best reaction

-10.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.2%
Q4 2025-0.0%+0.1%+0.7%
Q3 2025+1.9%-1.0%-0.6%
Q2 2025-10.0%-11.1%+2.7%
Q1 2025+0.1%-2.5%-3.3%
Q4 2024-10.9%-15.0%-11.7%
Q3 2024-5.2%-4.0%+0.3%
Q2 2024+1.6%+1.7%+1.1%
Q1 2024+4.7%+1.9%+5.9%
Q4 2023+2.1%+2.4%+5.3%
Q3 2023-0.7%+1.8%+18.7%
Q2 2023-4.6%-1.6%-10.4%
Q1 2023+10.1%+8.8%+11.8%
Q4 2022+4.1%+5.4%+9.8%
Q3 2022+3.7%+2.8%+10.3%
Q2 2022-0.8%-7.4%-6.5%
Q1 2022-8.5%-6.5%-3.8%
Q4 2021-7.5%-9.9%-0.9%
Q3 2021+2.6%+1.7%+8.5%
Q2 2021+8.9%+12.2%+12.8%
Q1 2021+1.7%+6.6%+3.9%
Q4 2020-3.2%-2.5%+1.4%
Q3 2020-1.1%-7.1%-3.0%
Q2 2020+3.9%+0.2%+7.2%
Q1 2020+6.7%+18.1%+42.1%
Q4 2019+3.1%+5.0%-60.3%
Q3 2019+1.7%-1.1%+0.1%
Q2 2019+6.0%+9.0%+6.6%
Q1 2019-7.8%-8.6%-7.6%
Q4 2018-1.7%-5.2%-1.7%
Q3 2018+0.6%-0.8%+13.0%
Q2 2018-9.2%-8.5%-6.8%
Q1 2018+5.2%+5.4%+8.7%
Q4 2017-2.2%-7.7%-7.7%
Q3 2017+9.0%+11.6%+15.9%
Q2 2017-2.9%-5.5%-9.1%
Q1 2017+2.7%+0.7%+1.3%
Q4 2016-0.5%-0.6%+3.5%
Q3 2016-9.0%-11.3%-0.9%
Q2 2016+3.7%+0.6%+2.3%
Q1 2016-5.3%
Q4 2015+0.5%
Q3 2015+2.8%
Q2 2015+0.1%
Q1 2015-1.3%
Q4 2014-5.0%
Q3 2014+5.1%
Q2 2014-1.2%
Q1 2014-2.6%
Q4 2013-0.9%
Q4 2011-0.9%
Q3 2013+13.2%
Q3 2012+13.2%
Q2 2012+1.9%
Q2 2013+1.9%
Q1 2012+1.5%
Q4 2012+1.5%
Q1 2013+1.4%
Q4 2010

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