NYSE$TPH
Tri Pointe Homes Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Tri Pointe Homes reported strong Q4 2020 results driven by order growth, margin expansion and backlog increase.
Tri Pointe Homes reported a strong fourth quarter of 2020, with a 14% year-over-year increase in net new home orders, a 130 basis point expansion in homebuilding gross margin to 23.2%, and a 69% increase in unit backlog compared to the previous year. The company's total liquidity stood at $1.2 billion, including $621 million in cash.
- Diluted earnings per share were $0.92.
- Homebuilding gross margin percentage was 23.2%.
- Net new home orders increased by 14% year-over-year.
- Backlog dollar value reached $1.9 billion, up 69% year-over-year.
Headline financials
Revenue & EPS history
Tri Pointe · Revenue · Quarterly
$1.06B
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
The following outlook is based on the Company’s backlog as of December 31, 2020, current market dynamics and management’s estimates. Actual results could differ due to, among other things, the effects of the COVID-19 pandemic.
Tailwinds
- The Company anticipates delivering between 1,100 and 1,200 homes at an average sales price between $625,000 and $635,000 for the first quarter of 2021.
- The Company expects its homebuilding gross margin percentage to be in the range of 21.5% to 22.5% for the first quarter of 2021.
- The Company expects its effective tax rate for the first quarter of 2021 to be approximately 25%.
- For the full year, the Company expects to open approximately 70 new communities and end the year with between 125 and 135 active selling communities.
- The Company anticipates delivering between 5,700 and 6,000 homes at an average sales price between $600,000 and $610,000 for the full year.
Headwinds
- There remains uncertainty regarding COVID-19 and future developments, including the duration and severity of the outbreak, as well as the related short-term and long-term impacts on the economy.
- Actual results could differ due to, among other things, the effects of the COVID-19 pandemic.
- The Company expects homebuilding gross margin percentage to be in the range of 21.0% to 22.0% for the full year.
- The Company anticipates its SG&A expense as a percentage of homes sales revenue will be in the range of 10.0% to 10.5% for the full year.
- Finally, the Company expects its effective tax rate for the full year to be approximately 25%.
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 Q4 2020
+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 | — | — | — |
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