Q1 earnings season for home builders industry shows mixed results, with some falling short of expectations.

From Barchart: 2024-07-08 06:10:16

The Q1 earnings season in the home builders industry highlighted the best and worst performers. TopBuild (NYSE:BLD) reported revenues of $1.28 billion, up 1.1% year on year, falling short of expectations. Tri Pointe Homes (NYSE:TPH) had a stellar quarter, with revenues of $939.4 million, up 20.5%. However, Skyline Champion (NYSE:SKY) struggled, reporting revenues of $536.4 million, up 9.1%, but missing expectations. Taylor Morrison Home (NYSE:TMHC) surpassed expectations, reporting revenues of $1.7 billion, up 2.3%. Toll Brothers (NYSE:TOL) also had a strong quarter, with revenues of $2.84 billion, up 13.2%.



Read more at Barchart: Home Builders Stocks Q1 Highlights: TopBuild (NYSE:BLD)