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TRI Pointe Group Inc (TPH.N)

TPH.N on New York Stock Exchange

17.11USD
18 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Tri Pointe Group Q4 Revenue Rose 46 Percent To $1.1 Bln
Tuesday, 20 Feb 2018 06:00am EST 

Feb 20 (Reuters) - Tri Pointe Group Inc ::TRI POINTE GROUP, INC. REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS AND ANNOUNCES NEW STOCK REPURCHASE PROGRAM.Q4 EARNINGS PER SHARE $0.49.Q4 REVENUE ROSE 46 PERCENT TO $1.1 BILLION.‍BACKLOG UNITS AT QUARTER END OF 1,571 HOMES COMPARED TO 1,193, AN INCREASE OF 32%​.QTRLY ‍HOME SALES REVENUE OF $1.1 BILLION COMPARED TO $770.7 MILLION, AN INCREASE OF 46%​.QTRLY ‍NEW HOME DELIVERIES OF 1,757 HOMES COMPARED TO 1,427 HOMES, AN INCREASE OF 23%​.‍BOARD APPROVED NEW STOCK REPURCHASE PROGRAM AUTHORIZING REPURCHASE OF UP TO $100 MILLION OF CO COMMON STOCK THROUGH MARCH 31, 2019​.‍NEW HOME ORDERS INCREASED 17% TO 1,063 HOMES FOR Q4 OF 2017, AS COMPARED TO 909 HOMES FOR SAME PERIOD IN 2016​.‍FOR FULL YEAR 2018, COMPANY EXPECTS TO GROW AVERAGE SELLING COMMUNITIES BY 5% COMPARED TO 2017​.‍EXPECTS ITS HOMEBUILDING GROSS MARGIN PERCENTAGE FOR FULL YEAR 2018 TO BE IN RANGE OF 20.5% TO 21.5%​.‍FOR Q1 OF 2018, COMPANY EXPECTS TO OPEN 8 NEW COMMUNITIES AND CLOSE OUT OF 11 COMMUNITIES​.‍ANTICIPATES DELIVERING ABOUT 55% OF 1,571 HOMES IN BACKLOG AS OF DEC 31, 2017 AT AVERAGE SALES PRICE OF $630,000 TO $640,000​.‍ANTICIPATES ITS HOMEBUILDING GROSS MARGIN PERCENTAGE TO BE IN A RANGE OF 21.5% TO 22.5% FOR Q1 OF 2018​.‍EXPECTS ITS SG&A EXPENSE AS A PERCENTAGE OF HOME SALES REVENUE TO BE IN RANGE OF 13.0% TO 13.5% FOR Q1 OF 2018​.Q4 EARNINGS PER SHARE VIEW $0.63, REVENUE VIEW $1.11 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

TRI Pointe Group CEO Douglas Bauer​ sells 42,294 shares of co's common stock on Oct 30
Tuesday, 31 Oct 2017 06:22pm EDT 

Oct 31 (Reuters) - TRI Pointe Group Inc :TRI Pointe Group Inc CEO Douglas Bauer​ reports sale of 42,294 shares of co's common stock on Oct 30 at $17.54 per share - SEC filing.  Full Article

Tri Pointe Group, Inc. reports 2017 third quarter results
Wednesday, 25 Oct 2017 06:00am EDT 

Oct 25 (Reuters) - Tri Pointe Group Inc :Tri Pointe Group, Inc. Reports 2017 third quarter results.Q3 earnings per share $0.48.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.Q3 revenue $648.6 million versus I/B/E/S view $707.6 million.Tri Pointe Group Inc - ‍backlog units at quarter end of 2,265 homes compared to 1,711, an increase of 32%​.Tri Pointe Group Inc - ‍anticipates its homebuilding gross margin percentage to be in a range of 21.0% to 22.0% for Q4​.Qtrly new home orders of 1,268, an increase of 36% from Q3 2016 ​.Tri Pointe Group Inc - ‍anticipates its homebuilding gross margin percentage in a range of 20.0% to 21.0% for full year​.Tri Pointe Group Inc - ‍expects its SG&A expense as a percentage of home sales revenue to be in range of 7.6% to 7.8% for Q4 and 10.2% to 10.4% for FY.Tri Pointe Group - ‍anticipates delivering about 75% to 80% of its 2,265 units in backlog as of September 30, 2017 for Q4​.  Full Article

Tri Pointe Group Q2
Wednesday, 26 Jul 2017 06:00am EDT 

July 26 (Reuters) - Tri Pointe Group Inc :Tri Pointe Group Inc reports 2017 second quarter results and announces increase to its stock repurchase program.Tri Pointe Group Inc says authorizes additional $50 million for share repurchases.Q2 earnings per share $0.21.Q2 earnings per share view $0.20 -- Thomson Reuters I/B/E/S.Q2 revenue $568.8 million versus I/B/E/S view $564.4 million.Qtrly new home orders of 1,445 compared to 1,258, an increase of 15%.Tri Pointe Group Inc - for Q3 , expects to open 10 new communities, and close out of 19, resulting in 122 active selling communities as of June 30, 2017.Tri Pointe Group Inc says anticipates its homebuilding gross margin percentage to be in a range of 19.0% to 20.0% for Q3.Tri Pointe Group Inc says additional repurchase increases aggregate authorization from $100 million to $150 million.  Full Article

Tri Pointe Group announces proposed offering of $250 mln of senior notes due 2027
Monday, 5 Jun 2017 07:41am EDT 

June 5 (Reuters) - Tri Pointe Group Inc :Tri pointe group, inc. Announces proposed offering of $250 million of senior notes due 2027.Tri pointe group inc - expects that notes will have a ten-year maturity.Tri pointe group - to use net proceeds to repay about $200 million of borrowings under its $625 million unsecured revolving credit facility.  Full Article

TRI Pointe Group Q1 earnings per share $0.05
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - TRI Pointe Group Inc :TRI Pointe Group, Inc reports 2017 first quarter results.Q1 earnings per share $0.05.Q1 revenue $392 million versus I/B/E/S view $365.1 million.Q1 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.TRI Pointe Group Inc - backlog units at quarter end of 1,734 homes compared to 1,534, an increase of 13%.TRI Pointe Group Inc - dollar value of backlog at quarter end of $1.0 billion compared to $891.5 million, an increase of 14%.TRI Pointe Group Inc - new home orders increased 13% to 1,299 homes for q1 of 2017, as compared to 1,149 homes for same period in 2016.TRI Pointe Group - for q2 2017, co expects to open 18 new communities, close out of 14, resulting in 127 active selling communities as of June 30, 2017.TRI Pointe Group Inc - anticipates delivering about 58% of its 1,734 units in backlog as of march 31, 2017 at an average sales price of about $550,000.TRI Pointe Group Inc - reiterating its FY original guidance of growing average selling communities by 10%, delivering between 4,500 and 4,800 homes.  Full Article

Starwood Capital Group confirms sale of its stake in Tri Pointe Group
Thursday, 30 Mar 2017 09:31pm EDT 

Starwood Capital Group: Starwood Capital Group confirms sale of its stake in Tri Pointe Group . Starwood Capital - Barry Sternlicht and Christopher Graham - have resigned from their positions on Tri Pointe board . Starwood Capital Group - Decision to exit its stake was due to its ongoing disappointment in performance of company over past several years .Starwood Capital- Decision to exit stake was due to lack of confidence in strategic direction of company.  Full Article

Starwood Capital Group confirms sale of its stake in Tri Pointe Group
Thursday, 30 Mar 2017 07:01pm EDT 

Starwood Capital Group: Starwood Capital Group confirms sale of its stake in Tri Pointe Group . Starwood Capital - Barry Sternlicht and Christopher Graham - have resigned from their positions on Tri Pointe board . Starwood Capital Group - Decision to exit its stake was due to its ongoing disappointment in performance of company over past several years .Starwood Capital- Decision to exit stake was due to lack of confidence in strategic direction of company.  Full Article

Tri Pointe Group Inc announces secondary offering of common stock
Friday, 17 Mar 2017 06:51am EDT 

Tri Pointe Group Inc : Tri Pointe Group Inc announces secondary offering of common stock .Tri Pointe Group - commencement of an underwritten offering of 12 million shares by VIII/TPC holdings, a fund affiliated with Starwood Capital Group.  Full Article

TRI Pointe Group announces $100 mln stock repurchase program
Tuesday, 28 Feb 2017 04:30pm EST 

Tri Pointe Group Inc : TRI Pointe Group announces authorization of $100 million stock repurchase program . TRI Pointe Group - company may repurchase its common stock with an aggregate value of up to $100 million through march 31, 2018 .TRI Pointe Group Inc - board of directors has approved a $100 million stock repurchase program, effective february 23, 2017.  Full Article