NYSE$TPH
Tri Pointe Homes Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Tri Pointe Homes reported excellent financial results driven by a 32% increase in deliveries and a 2% rise in average sales price.
Tri Pointe Homes reported a strong third quarter in 2024, marked by a 32% increase in home deliveries, a 2% rise in average sales price, and a 35% growth in home sales revenue. The company expanded gross margins by 100 basis points and achieved diluted earnings per share of $1.18, representing a 55% increase compared to the previous year.
- Achieved a 32% increase in home deliveries, totaling 1,619 homes.
- Increased home sales revenue by 35% to $1.1 billion.
- Expanded gross margins by 100 basis points to 23.3%.
- Reported diluted earnings per share of $1.18, a 55% increase year-over-year.
Headline financials
Revenue & EPS history
Tri Pointe · Revenue · Quarterly
$1.14B
Revenue by segment
Tri Pointe · $7.88M total across 2 segments · Q2 2023
- Land and Lot Sales$7.09M—89.9%
- Other Operations$796K—10.1%
Forward guidance
For the fourth quarter, the Company anticipates delivering between 1,600 and 1,800 homes at an average sales price between $700,000 and $710,000. The Company expects homebuilding gross margin percentage to be in the range of 23.0% to 23.5% for the fourth quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 10.5% to 10.9%. Finally, the Company expects its effective tax rate for the fourth quarter to be approximately 26.0%.
Tailwinds
- Deliver between 1,600 and 1,800 homes
- Average sales price between $700,000 and $710,000
- Homebuilding gross margin percentage to be in the range of 23.0% to 23.5%
- SG&A expense as a percentage of home sales revenue will be in the range of 10.5% to 10.9%.
- Effective tax rate for the fourth quarter to be approximately 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 Q3 2024
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro