Quarterly ResultApr 29, 2026, 08:31 AM
TPH Q1 Net Income $6.8M (-89.4%), EPS $0.08; Revenue $506.5M (-29.7%)
AI Summary
Tri Pointe Homes, Inc. (TPH) reported its first quarter 2026 financial results, with net income available to common stockholders significantly decreasing to $6.8 million, or $0.08 per diluted share, from $64.0 million, or $0.70 per diluted share in Q1 2025. Home sales revenue also declined to $506.5 million from $720.8 million year-over-year. The company noted that conditions for its previously announced merger with Sumitomo Forestry Co., Ltd., relating to stockholder approval and the Hart-Scott-Rodino Antitrust Improvements Act waiting period, have been satisfied, with the merger still subject to remaining conditions.
Key Highlights
- Net income available to common stockholders was $6.8 million, down 89.4% YoY.
- Diluted EPS was $0.08, compared to $0.70 in Q1 2025.
- Home sales revenue decreased 29.7% to $506.5 million from $720.8 million YoY.
- Homebuilding gross margin percentage was 18.8%, down from 23.9% in Q1 2025.
- Net new home orders were 1,234, a slight decrease from 1,238 in Q1 2025.
- Backlog units at quarter end were 1,360 homes, with a dollar value of $989.9 million.
- Total liquidity ended at $1.7 billion, including $847.9 million in cash.
- Conditions for the merger with Sumitomo Forestry (stockholder approval, HSR Act) have been satisfied.
Price Impact
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