
• Reported GAAP EPS of $0.08 down -88.57% YoY • Reported revenue of $507.9M down -29.79% YoY
Bullish
Tri Pointe Homes Inc. maintained net new home orders and improved its cancellation rate, expanded active selling communities, and ended the quarter with $1.7 billion in total liquidity.
Bearish
Tri Pointe Homes Inc. experienced a significant decline in net income and home sales revenue, coupled with compressed homebuilding gross margins and increased SG&A expense, while backlog units also decreased.