How did Tri Pointe Homes' revenue and expenses trend in Q4 2024?

Tri Pointe Homes' revenue and expenses in Q4 2024 showed a business-focused trend with significant revenue generation from homebuilding activities, while expenses were concentrated in the cost of goods sold and SG&A expenses. 1. **Revenue Trend**: - Tri Pointe Homes reported a total revenue of $4.39 billion for the quarter. - The revenue was primarily driven by the homebuilding segment, which generated $4.39 billion in revenue. - The homebuilding segment also included land and lot sales, contributing $33.06 million and $23.78 million, respectively. - Other operations contributed an additional $3.16 million and $2.36 million to the revenue. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Other Operations|3162000|169| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Other Operations|2359000|169| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Other Operations|1569000|169| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Homebuilding|9.18353E8|169| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Other Operations|787000|169| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Land and Lot|7068000|169| |TPH|TPH.N|Tri Pointe Homes|20240101-2024|Homebuilding|9.18353E8|169| |code|Ticker|Name|Date|Interest Expenses|Total Revenue|market_code| |---|---|---|---|---|---|---| |TPH|TPH.N|Tri Pointe Homes|2024 Q1||9.39402E8|169| |TPH|TPH.N|Tri Pointe Homes|2024 Q2||1.154924E9|169| |TPH|TPH.N|Tri Pointe Homes|2024 Q3||1.127023E9|169| |TPH|TPH.N|Tri Pointe Homes|2024 Q4||1.301689E9|169| 2. **Expense Trend**: - The cost of goods sold was $948.47 million, which is a significant component of the total expenses. - SG&A (Selling, General, and Administrative) expenses and interest expenses were $31.73 million and $820000, respectively. - The cost of goods sold showed a 2.11% increase, indicating a rise in the cost of materials, labor, or both, which is a common challenge in the homebuilding industry due to inflation and supply chain disruptions. - Interest expenses, although relatively small compared to the cost of goods sold, can still impact the net profit. A decrease in interest expenses could indicate better financial management or a shift in financing strategies. In conclusion, Tri Pointe Homes experienced robust revenue growth in Q4 2024, with homebuilding being the core driver. However, the company also faced increased costs, particularly in the cost of goods sold, which could impact profit margins. The management's focus on cost control and financial efficiency will be crucial in maintaining profitability.