Exhibit 99.1
tphlogo.jpg



TRI POINTE GROUP, INC. REPORTS 2018 FIRST QUARTER RESULTS

-New Home Deliveries up 22% and New Home Orders up 15% for the Quarter- 
-Backlog Dollar Value up 39% on a 24% Increase in Backlog Units-
-Homebuilding Gross Margin Percentage Increased 390 Basis Points to 22.7%-
-Reports Diluted Earnings Per Share of $0.28, up from $0.05 in the Prior Year-
Irvine, California, April 25, 2018 /Business Wire/ – TRI Pointe Group, Inc. (the "Company") (NYSE: TPH) today announced results for the first quarter ended March 31, 2018.
Results and Operational Data for First Quarter 2018 and Comparisons to First Quarter 2017
Net income available to common stockholders was $42.9 million, or $0.28 per diluted share, compared to $8.2 million, or $0.05 per diluted share
New home orders of 1,496 compared to 1,299, an increase of 15%
Active selling communities averaged 129.8 compared to 125.5, an increase of 3%
New home orders per average selling community were 11.5 orders (3.8 monthly) compared to 10.4 orders (3.5 monthly)
Cancellation rate remained flat at 14%
Backlog units at quarter end of 2,143 homes compared to 1,734, an increase of 24%
Dollar value of backlog at quarter end of $1.4 billion compared to $1.0 billion, an increase of 39%
Average sales price in backlog at quarter end of $658,000 compared to $585,000, an increase of 12%
Home sales revenue of $582.6 million compared to $392.0 million, an increase of 49%
New home deliveries of 924 homes compared to 758 homes, an increase of 22%
Average sales price of homes delivered of $630,000 compared to $517,000, an increase of 22%
Homebuilding gross margin percentage of 22.7% compared to 18.8%, an increase of 390 basis points
Excluding interest and impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 25.2%*
SG&A expense as a percentage of homes sales revenue of 12.9% compared to 15.7%, a decrease of 280 basis points
Ratios of debt-to-capital and net debt-to-net capital of 42.9% and 36.9%*, respectively, as of March 31, 2018
Ended first quarter of 2018 with total liquidity of $917.2 million, including cash of $324.6 million and $592.6 million of availability under the Company's unsecured revolving credit facility
 
*    See "Reconciliation of Non-GAAP Financial Measures"
“2018 is off to a great start,” said TRI Pointe Group Chief Executive Officer Doug Bauer. “Earnings per share for the first quarter of 2018 grew more than five-fold on a year-over-year basis, thanks to significant increases in unit deliveries, average sales prices, and homebuilding gross margins. We saw strong demand throughout the quarter, as evidenced by our absorption rate of 3.8 homes per community per month. This demand was broad based, both from a geographic and segmentation standpoint, which enabled us to raise prices in several of our communities and helped offset cost pressures that the homebuilding industry has been facing. Our legacy assets in California continued to deliver strong results for our company, and I am pleased to report that all of our brands posted year-over-year homebuilding gross margin improvement. With excellent momentum on a number of fronts and a 39% increase to quarter-ending backlog on a dollar value basis, TRI Pointe Group is well positioned to achieve its goals in 2018.”

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The following information was filed by Tri Pointe Group, Inc. (TPH) on Wednesday, April 25, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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