NYSE$TPH
Tri Pointe Homes Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Tri Pointe Homes reported a slight decline in revenue and net income for Q4 2024, but maintained a strong homebuilding gross margin.
Tri Pointe Homes reported Q4 2024 revenue of $1.22 billion, a 2% YoY decline. Net income decreased by 3% to $129.2 million, while diluted EPS remained steady at $1.37. The company maintained a solid homebuilding gross margin of 23.3% and ended the quarter with $970 million in cash.
- Revenue declined by 2% YoY to $1.22 billion due to softer seasonal demand.
- Net income fell 3% YoY to $129.2 million.
- Homebuilding gross margin improved by 40 basis points to 23.3%.
- The company ended Q4 with $970 million in cash and strong liquidity.
Headline financials
Revenue & EPS history
Tri Pointe · Revenue · Quarterly
$1.22B
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
Tri Pointe Homes expects solid demand in 2025, supported by favorable demographics and a strong lot supply.
Tailwinds
- Projected Q1 2025 home deliveries between 900 and 1,100 units.
- Average sales price expected between $685,000 and $695,000.
- FY 2025 anticipated deliveries between 5,500 and 6,100 homes.
- Homebuilding gross margin projected at 20.5% to 22.0% for FY 2025.
- Company expects continued strong liquidity and capital allocation.
Headwinds
- High mortgage rates could continue to impact short-term demand.
- Seasonal softness may persist into early 2025.
- Cancellation rate increased YoY from 12% to 14%.
- SG&A expenses increased to 10.3% of revenue in Q4 2024.
- Backlog units decreased by 35% YoY, signaling potential lower future sales.
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 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 | — | — | — |
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