TRI Pointe Group, Inc. Reports 2018 2nd Q Results

TRI Pointe Group, Inc. (the “Company”) (NYSE: TPH) today announced results for the second quarter ended June 30, 2018. “We are very pleased with our results this quarter as we met or exceeded our guidance for deliveries, ASPs, homebuilding gross margin and SG&A leverage,” said TRI Pointe Group CEO Doug Bauer. “We generated pretax income of nearly $85 million in the quarter, representing a 63% increase over the second quarter of last year. This year-over-year increase in profits was a function of both higher revenues and better gross margins, a strong indication that our business remains on solid footing.”

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Source: TRI Pointe Group