Tri Pointe Homes, Inc. (NYSE:TPH) Q2 2022 Earnings Conference Call July 21, 2022 10:00 AM ET
Company Participants
David Lee - Investor Relations
Doug Bauer - Chief Executive Officer
Tom Mitchell - President and Chief Operating Officer
Glenn Keeler - Chief Financial Officer and Chief Accounting Officer
Linda Mamet - Chief Marketing Officer
Conference Call Participants
Truman Patterson - Wolfe Research
Alan Ratner - Zelman & Associates
Carl Reichardt - BTIG
Jay McCanless - Wedbush
Stephen Kim - Evercore
Mike Dahl - RBC Capital Markets
Deepa Raghavan - Wells Fargo
Alex Rygiel - B Riley
Alex Barron - Housing Research Center
Operator
Greetings. And welcome to Tri Pointe Homes' Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Lee, General Counsel, Tri Pointe Homes. Thank you. You may begin.
David Lee
Good morning. And welcome to Tri Pointe Homes' earnings conference call. Earlier this morning, the Company released its financial results for the second quarter of 2022. Documents detailing these results, including a slide deck are available at www.tripointehomes.com through the Investors link and under the Events and Presentations tab.
Before the call begins, I would like to remind everyone that certain statements made on this call, which are not historical facts, including statements concerning future financial and operating performance are forward-looking statements that involve risks and uncertainties.
Discussion of risks and uncertainties and other factors that could cause actual results to differ materially are detailed in the Company's SEC filings. Except as required by law, the Company undertakes no duty to update these forward-looking statements. Additionally, reconciliations of non-GAAP financial measures discussed on this call to the most comparable GAAP measures can be accessed through TRI Pointe's website and in its SEC filings.
Hosting the call today are Doug Bauer, the Company's Chief Executive Officer, Glenn Keeler, the Company's Chief Financial Officer, Tom Mitchell, the company's Chief Operating Officer and President; and Linda Mamet, the Company's Chief Marketing Officer.
With that I will now turn the call over to Doug.
Doug Bauer
Good morning. And thank you for joining us today as we go over our results for the second quarter of 2022, provide some color on current market conditions and update you on our company's strategy and market positioning. Tri Pointe Homes delivered another quarter of strong profitability generate earnings of $1.33 per diluted share, representing a 33% increase over the second quarter of 2021. We met or exceeded our previously stated guidance for all relevant operational metrics for the quarter, including new home deliveries of 1,485, average sales price is $677,000. Homebuilding gross margin of 27.2%, and SG&A of 9.5%. I want to thank our teams for these outstanding results, as they once again did a fantastic job of managing backlog, overcoming labor and supply issues and delivering homes in a timely manner.