Fri, Feb 21, 10:27 PM (23 days ago)
**Tri Pointe Homes, Inc. (TPH) Summary for FY 2024** Tri Pointe Homes reported a robust performance for fiscal year 2024, achieving home sales revenue of approximately $4,386,447, a 20% increase from 2023. The company delivered 6,460 homes with an average sales price of $679,000, slightly down from the previous year. Net income surged 33% to $458,029, translating to diluted earnings per share of $4.83, a 40% increase. Operating expenses as a percentage of revenue decreased to 10.8%, reflecting improved efficiency. Strategically, Tri Pointe expanded into new markets and focused on core areas with strong demand, while managing inventory effectively amid rising mortgage rates. The company ended the year with $970 million in cash and $694.4 million available under its credit facility, maintaining a strong liquidity position. Key risk factors include fluctuations in interest rates, raw material costs, and potential regulatory changes impacting housing demand. Despite these challenges, the company remains optimistic about its growth trajectory, supported by favorable demographics and a stable housing market. Overall, Tri Pointe's strategic focus on operational efficiency and market expansion positions it well for sustained growth amid evolving market conditions.