Exhibit 99.1
tphlogoa01.jpg

TRI POINTE GROUP, INC. REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS AND ANNOUNCES NEW STOCK REPURCHASE PROGRAM
 
-New Home Orders up 17% and New Home Deliveries up 23% for the Quarter-
-Backlog Dollar Value up 56% on a 32% Increase in Backlog Units-
-Home Sales Revenue of $1.1 Billion, up 46% for the Quarter-
-Homebuilding Gross Margin of 21.7% for the Quarter-
-Authorizes New Stock Repurchase Program of $100 Million-

Irvine, California, February 20, 2018 /Business Wire/ – TRI Pointe Group, Inc. (the "Company") (NYSE: TPH) today announced results for the fourth quarter ended December 31, 2017 and full year 2017. The Company also announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $100 million of Company common stock through March 31, 2019 (the “Repurchase Program”).
Results and Operational Data for Fourth Quarter 2017 and Comparisons to Fourth Quarter 2016
Net income available to common stockholders was $74.0 million, or $0.49 per diluted share, compared to $57.9 million, or $0.36 per diluted share. In the fourth quarter 2017, the Company recorded a $22.0 million tax charge related to the re-measurement of the Company’s net deferred tax assets as a result of the recently enacted Tax Cuts and Jobs Act, as well as a pretax charge of $13.2 million related to the impairment of an investment in an unconsolidated entity. Excluding these items, adjusted net income available to common stockholders was $107.4 million, or $0.70 per diluted share.* No similar adjustments existed in the fourth quarter of 2016.
New home orders of 1,063 compared to 909, an increase of 17%
Active selling communities averaged 127.5 compared to 122.8, an increase of 4%
New home orders per average selling community increased by 13% to 8.3 orders (2.8 monthly) compared to 7.4 orders (2.5 monthly)
Cancellation rate of 17% compared to 20%, a decrease of 300 basis points
Backlog units at quarter end of 1,571 homes compared to 1,193, an increase of 32%
Dollar value of backlog at quarter end of $1.0 billion compared to $661.1 million, an increase of 56%
Average sales price in backlog at quarter end of $657,000 compared to $554,000, an increase of 19%
Home sales revenue of $1.1 billion compared to $770.7 million, an increase of 46%
New home deliveries of 1,757 homes compared to 1,427 homes, an increase of 23%
Average sales price of homes delivered of $639,000 compared to $540,000, an increase of 18%
Homebuilding gross margin percentage of 21.7% compared to 20.0%, an increase of 170 basis points
Excluding interest, impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 24.2%*
SG&A expense as a percentage of homes sales revenue of 7.2% compared to 9.2%, a decrease of 200 basis points
Ratios of debt-to-capital and net debt-to-net capital of 43.3% and 38.1%*, respectively, as of December 31, 2017
Ended fourth quarter of 2017 with total liquidity of 875.2 million, including cash of $282.9 million and $592.3 million of availability under the Company's unsecured revolving credit facility
 
*    See "Reconciliation of Non-GAAP Financial Measures"
Results and Operational Data for Full Year 2017 and Comparisons to Full Year 2016
Net income available to common stockholders was $187.2 million, or $1.21 per diluted share, compared to $195.2 million, or $1.21 per diluted share. Adjusted net income available to common stockholders was $220.6 million, or $1.42 per diluted share, after excluding the $22.0 million tax charge related to the re-measurement of the Company’s net deferred



The following information was filed by Tri Pointe Group, Inc. (TPH) on Tuesday, February 20, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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