Last $13.73 USD
Change Today -0.11 / -0.79%
Volume 1.6M
TPH On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

tri pointe homes inc (TPH) Snapshot

Open
$13.90
Previous Close
$13.84
Day High
$13.95
Day Low
$13.50
52 Week High
11/29/13 - $20.29
52 Week Low
10/9/13 - $13.43
Market Cap
2.2B
Average Volume 10 Days
2.1M
EPS TTM
$0.66
Shares Outstanding
161.3M
EX-Date
--
P/E TM
20.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for TRI POINTE HOMES INC (TPH)

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tri pointe homes inc (TPH) Details

TRI Pointe Homes, Inc. designs, constructs, and sells single-family homes in communities. The company also builds, markets, and sells homes for independent third-party property owners under the TRI Pointe Homes brand name. As of December 31, 2013, it owned or controlled 3,466 lots, including 1,746 lots in Southern California; 1,139 lots in Northern California; and 581 lots in Colorado. The company was founded in 2009 and is headquartered in Irvine, California.

147 Employees
Last Reported Date: 02/27/14
Founded in 2009

tri pointe homes inc (TPH) Top Compensated Officers

Founder, Chief Executive Officer, Principal a...
Total Annual Compensation: $510.0K
Founder, President, Principal, Chief Operatin...
Total Annual Compensation: $500.0K
Founder, Principal, Chief Financial Officer a...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

tri pointe homes inc (TPH) Key Developments

TRI Pointe Homes, Inc. Announces Executive and Committee Changes

As previously announced on November 4, 2013, TRI Pointe Homes, Inc. and Weyerhaeuser Company entered into a Transaction Agreement pursuant to which, among other things, a wholly owned subsidiary of the company will merge with and into Weyerhaeuser Real Estate Company, a wholly owned subsidiary of Weyerhaeuser Company (WRECO) and WRECO will become a wholly owned subsidiary of the company. The transaction agreement provides that upon the consummation of the Merger the company will increase the size of its Board of Directors from seven to nine directors, five of which will be selected by the company and four of which will be selected by Weyerhaeuser. On June 23, 2014 and in connection with the provisions of the transaction agreement, Messrs. Richard D. Bronson, Wade H. Cable and J. Marc Perrin submitted their resignations from the Board of Directors of the company effective on the closing of the merger. On June 23, 2014, the company's Board of Directors appointed Glenn Keeler as the company's principal accounting officer. Mr. Keeler has served as Vice President and Controller of the company since February 2013. From September 2011 until January 2013, he served as Corporate Controller of STEC, Inc. From June 2006 until September 2011, he served as Director of Finance and Controller of Lantronix, Inc., traded designer, developer, marketer and seller of networking and communications products. Mr. Keeler is a Certified Public Accountant (inactive) in California. In connection with this appointment, the company intends to enter into its form of indemnification agreement with Mr. Keeler. On June 23, 2014, the company's Board of Directors (i) approved an increase in the size of the company's Board of Directors from seven to nine directors; and (ii) appointed Messrs. Christopher Graham, Daniel Fulton and Lawrence Burrows and Mses. constance Moore and Kristin Gannon as directors of the Company. Both actions will be effective on the closing of the merger. The appointment of the foregoing persons was made in accordance with the transaction agreement. Effective as of the closing of the merger: (i) the Audit Committee will be comprised of Messrs. Rogers (Chair), Fulton and Gilbert; (ii) the Compensation Committee will be comprised of Mses. Gannon (Chair) and Moore and Mr. Gilbert; (iii) the Nominating and Corporate Governance Committee will be comprised of Messrs. Gilbert (Chair), Burrows and Rogers; and (iv) the Executive Land Committee will be comprised of Messrs. Sternlicht (Chair), Gilbert and Fulton.

TRI Pointe Homes Completes Sale of Two Series of Senior Notes Totaling of $900 Million

TRI Pointe Homes, Inc. announced that in connection with its proposed combination with Weyerhaeuser Real Estate Company has completed the sale of $450 million principal amount of its Senior Notes due 2019 at a fixed interest rate of 4.375% and $450 million principal amount of its Senior Notes due 2024 at a fixed interest rate of 5.875% through a private placement. The private placement was upsized from an initially proposed aggregate size of $800 million. This transaction is the first notes issuance related to TRI Pointe. The Senior Notes will be subject to a special mandatory redemption in the event that TRI Pointe's proposed combination with WRECO is not consummated on or before November 4, 2014, or in the event the Transaction Agreement in connection with the proposed combination is terminated prior to such time. The Senior Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws. As a result, they may not be offered or sold in the United States or to any "U.S. persons", except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Notes were offered only to "qualified institutional buyers" under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act.

TRI Pointe Homes, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Sales Guidance for the Full Year of 2014

TRI Pointe Homes, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter the company reported revenue of USD 72,812,000 against USD 27,888,000 for the same period last year. Income from operations was USD 8,002,000 against USD 171,000 for the same period last year. Income before income taxes was USD 7,445,000 against USD 343,000 for the same period last year. Net income was USD 4,298,000 or USD 0.14 per basic and diluted share against USD 270,000 or USD 0.01 per basic and diluted share for the same period last year. Net cash used in operating activities was USD 41,630,000 against USD 47,416,000 for the same period last year. Purchase of furniture and equipment was USD 103,000 against USD 129,000 for the same period last year. EBITDA was USD 8,504,000 against of 991,000 for the same period last year. The improvement in net income was primarily driven by a USD 12.0 million increase in homebuilding gross margin due to higher home sales revenue and increased homebuilding gross margin percentages, offset by an increase in SG&A expense of USD 3.7 million and an increase in the Company's provision for income taxes of USD 3.1 million. Net income for the first quarter of 2014 was impacted by USD 548,000 of expenses associated with the WRECO transaction. The company, exclusive of the WRECO transaction, expects to open 22 new selling communities for the balance of 2014, of which 16 are in California and six in Colorado. In the second quarter of 2014, the Company expects to deliver approximately 50% of its 195 units in backlog as of March 31, 2014. For the full year 2014, the Company is maintaining its initial guidance for deliveries of 660 homes and home sales revenue of USD 475 million, exclusive of the WRECO transaction.

 

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TPH Competitors

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Company Last Change
AV Homes Inc $15.33 USD -0.02
LGI Homes Inc $18.78 USD +0.01
Standard Pacific Corp $7.80 USD 0.00
WCI Communities Inc $17.79 USD -0.31
William Lyon Homes $25.41 USD -1.35
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Industry Analysis

TPH

Industry Average

Valuation TPH Industry Range
Price/Earnings 22.6x
Price/Sales 1.4x
Price/Book 1.3x
Price/Cash Flow 115.1x
TEV/Sales 6.7x
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