February 23, 2017 0

Tri Pointe Profit Slips On Geographic Shift

Builder Online

TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income of $85.1 million, or $0.52 per diluted share for the fourth quarter of 2015. The company attributed the decrease to lower home sales revenue and a $33.9 million decrease in home building gross margin, resulting in a 220 basis point decrease in home building gross margin percentage. The gain met analyst expectations.

Read More

Previous New Home Company Reports Higher Profit
Next KB Opens Two New Southern California Communities
Tags EarningsTRI Pointe Group
Category Homebuilders / Land Developers

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Use of Incentives to Move Homes Accelerates
Homebuilders / Land Developers

Use of Incentives to Move Homes Accelerates

As earnings season progresses, it is becoming apparently clear that there is widespread margin compression, to varying degrees, among the public homebuilders due to decreased pricing power, increases in build

Homebuilder Confidence Slips in February
Homebuilders / Land Developers

Homebuilder Confidence Slips in February

The National Association of Home Builders/Wells Fargo index fell to 55 from 57 in January. The drop was attributable to builders active in the Midwest where severe weather resulted in

Homebuilders / Land Developers

MDC 4th-Qtr Profit Up 79%

M.D.C. Holdings (NYSE:MDC), Denver, parent of Richmond American Homes, on Wednesday reported net income of $40.4 million, or $0.78 per share, for the fourth quarter ended Dec. 31, 2016. The