Exhibit 99.1
tphlogo.jpg



TRI POINTE GROUP, INC. REPORTS 2018 SECOND QUARTER RESULTS

-Home Sales Revenue up 35% on a 13% Increase in Deliveries and a 19% Increase in Average Sales Price- 
-Backlog Dollar Value up 13% on an 8% Increase in Backlog Units-
-Homebuilding Gross Margin Percentage Increased 130 Basis Points to 21.4%-
-Diluted Earnings Per Share of $0.42, up from $0.21 in the Prior Year-
Irvine, California, July 27, 2018 /Business Wire/ – TRI Pointe Group, Inc. (the "Company") (NYSE: TPH) today announced results for the second quarter ended June 30, 2018.
Results and Operational Data for Second Quarter 2018 and Comparisons to Second Quarter 2017
Net income available to common stockholders was $63.7 million, or $0.42 per diluted share, compared to $32.7 million, or $0.21 per diluted share
New home orders of 1,343 compared to 1,445, a decrease of 7%
Active selling communities averaged 130.8 compared to 126.8, an increase of 3%
New home orders per average selling community were 10.3 orders (3.4 monthly) compared to 11.4 orders (3.8 monthly)
Cancellation rate increased to 16% compared to 15%
Backlog units at quarter end of 2,271 homes compared to 2,108, an increase of 8%
Dollar value of backlog at quarter end of $1.5 billion compared to $1.3 billion, an increase of 13%
Average sales price of homes in backlog at quarter end of $668,000 compared to $635,000, an increase of 5%
Home sales revenue of $768.8 million compared to $568.8 million, an increase of 35%
New home deliveries of 1,215 homes compared to 1,071 homes, an increase of 13%
Average sales price of homes delivered of $633,000 compared to $531,000, an increase of 19%
Homebuilding gross margin percentage of 21.4% compared to 20.1%, an increase of 130 basis points
Excluding interest and impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 24.0%*
SG&A expense as a percentage of homes sales revenue of 10.7% compared to 11.6%, a decrease of 90 basis points
Ratios of debt-to-capital and net debt-to-net capital of 41.7% and 37.4%*, respectively, as of June 30, 2018
Ended second quarter of 2018 with total liquidity of $826.7 million, including cash of $239.9 million and $586.8 million of availability under the Company's unsecured revolving credit facility
 
*    See "Reconciliation of Non-GAAP Financial Measures"
“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. We continue to see positive fundamentals in the overall housing market, characterized by low inventory levels, improving wage gains, employment growth and consumer demand from millennials to baby boomers. These macro fundamentals, coupled with our strong balance sheet, consistent execution and strategic focus on design and innovation have TRI Pointe Group well positioned as we head into the second half of the year.”

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The following information was filed by Tri Pointe Group, Inc. (TPH) on Friday, July 27, 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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