Tri Pointe Homes Boosts Equity Buyback Plan to $300M

Tri Pointe Homes has increased its equity buyback plan by $50 million, bringing the total authorization to $300 million.

Tri Pointe Homes, Inc. (NYSE: TPH) has announced an increase in its equity buyback program by $50 million, bringing the total authorization to $300 million. The decision was made by the company's Board of Directors on July 23, 2025 [2].

The new authorization comes after the company repurchased $100 million of common stock in the second quarter of 2025, adding to the $175 million already repurchased under the initial plan announced on December 18, 2024 [1]. This latest increase brings the total amount available for repurchases to $300 million, with the possibility of extending the program through December 31, 2025.

The repurchase program is part of the company's strategy to return value to shareholders. Tri Pointe Homes' Chief Executive Officer, Doug Bauer, stated, "We are actively managing through near-term volatility with targeted incentives, balanced spec inventory, and disciplined land investments. Our strong balance sheet enables us to advance our growth initiatives without compromising our financial strength."

The company's financial results for the second quarter of 2025 showed a net income of $60.7 million, or $0.68 per diluted share, compared to $118.0 million, or $1.25 per diluted share, in the same period last year. Excluding an inventory-related charge of $11.0 million, the net income was $68.7 million, or $0.77 per diluted share [2].

Tri Pointe Homes delivered 1,326 homes in the second quarter, with an average sales price of $664,000, generating $879.8 million in home sales revenue. The company's homebuilding gross margin percentage was 22.1%, adjusted to exclude the inventory-related charge [2].

The company's balance sheet remains strong, with a net homebuilding debt-to-net capital ratio of 8.0% as of June 30, 2025 [2]. Tri Pointe Homes ended the second quarter with total liquidity of $1.4 billion, including cash and cash equivalents of $622.6 million and $785.7 million of availability under its revolving credit facility.

The company will host an earnings conference call on July 24, 2025, to discuss the second quarter results and the increased equity buyback authorization.

References:
[1] https://www.marketscreener.com/news/tranche-update-on-tri-pointe-homes-inc-s-equity-buyback-plan-announced-on-december-18-2024-ce7c5fdad98ef727
[2] https://www.globenewswire.com/news-release/2025/07/24/3120857/0/en/Tri-Pointe-Homes-Inc-Reports-2025-Second-Quarter-Results-and-Announces-50-Million-Increase-to-Its-Stock-Repurchase-Program.html