Tri Pointe Homes (TPH) investor relations material

Executive summary

• Completed merger with Sumitomo Forestry on May 14, 2026; company became a wholly owned subsidiary and stock was delisted from NYSE.

• Reported a net loss of $157.7 million for Q2 2026, driven by $196.8 million in merger-related charges and $19.7 million in inventory-related impairments.

• Delivered 1,013 new homes at an average sales price of $676,000 in Q2 2026, down from 1,326 homes and $664,000 year-over-year.

• Net new home orders increased 1% year-over-year to 1,147, with a 10% increase in average selling communities.

• Loss before income taxes was $165.3 million, compared to income of $84.4 million in the prior year.

Financial highlights

• Q2 2026 home sales revenue: $685.1 million, down 22% year-over-year from $879.8 million.

• Homebuilding gross margin: 18.0% (down from 20.8% in Q2 2025); adjusted gross margin: 24.0%.

• SG&A expense rose to 32.5% of home sales revenue, mainly due to $122.1 million in merger-related costs; adjusted SG&A was 14.7%.

• Adjusted EBITDA for the quarter was $83.1 million, down from $139.3 million year-over-year.

• Financial services income before taxes: $2.4 million, down from $4.3 million year-over-year.

Outlook and guidance

• Near-term market conditions remain uncertain due to elevated mortgage rates, inflation, and geopolitical risks.

• Long-term outlook remains positive, supported by demographic trends and housing supply-demand imbalance.

• Company expects to benefit from enhanced strategic resources and disciplined growth under Sumitomo Forestry.

• Forward-looking statements highlight risks from economic conditions, interest rates, supply chain, and integration with Sumitomo Forestry.