TRI Pointe sees Q4 home deliveries 1,200-1,400; FY25 deliveries 4,800-5,000

For the fourth quarter, the Company anticipates delivering between 1,200 and 1,400 homes at an average sales price between $690,000 and $700,000. The Company expects homebuilding gross margin percentage to be in the range of 19.5% to 20.5% for the fourth quarter and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 10.5% to 11.5%. Finally, the Company expects its effective tax rate for the fourth quarter to be approximately 27.0%. For the full year, the Company anticipates delivering between 4,800 and 5,000 homes at an average sales price of approximately $680,000. The Company expects homebuilding gross margin percentage to be approximately 21.8%, excluding $19.3 million of inventory-related charges for the nine months ended September 30, 2025. Finally, the Company expects SG&A expense as a percentage of home sales revenue to be approximately 12.5%, and its effective tax rate for the full year to be approximately 27.0%.