Strong Financial Performance in Q1 2025
The company delivered 1,040 homes, with an average sales price of $693,000, resulting in home sales revenue of $721 million. Gross margins were 23.9%, a 90 basis point increase from the previous year. Net income was $64 million with diluted earnings per share of $0.70.
Robust Balance Sheet
TRI Pointe ended the quarter with total liquidity of $1.5 billion, including over $800 million in cash, and a homebuilding debt to capital ratio of 21.6%. The company repurchased $75 million of its stock, reducing shares outstanding by 1.9%.
Market Expansion Initiatives
New market expansions in Utah, Orlando, and the Coastal Carolinas are underway, with strong land pipelines and management teams in place, representing long-term growth opportunities.