Tri Pointe Homes Q1 revenue falls 30%, profit drops 89%

Tri Pointe Homes (Delaware)

29/04/2026 11:08

Overview

U.S. homebuilder's Q1 home sales revenue fell 30% yr/yr on lower deliveries

Net income dropped 89% yr/yr as gross margin and average selling price declined

Company says merger with Sumitomo Forestry progressing, with key conditions satisfied

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

LOWER DELIVERIES - Fewer new homes delivered contributed to lower home sales revenue and net income

DECLINING GROSS MARGIN - Homebuilding gross margin percentage fell to 18.8% from 23.9% yr/yr

HIGHER SG&A RATIO - SG&A expense as a percentage of home sales revenue increased to 17.9% from 14.0%

Company press release: ID:nGNXnxLPj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Home Sales Revenue
$506.50 mln
Q1 EPS
$0.08
Q1 Net Income
$6.80 mln
Q1 Homebuilding Adj. Gross Margin
22.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "hold"

Wall Street's median 12-month price target for Tri Pointe Homes Inc (Delaware) is $46.50, about 0.9% below its April 28 closing price of $46.91

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)