Robert Braswell scores 19 to help Charlotte earn 77-63 victory over Georgia StateINCLINE VILLAGE, Nev., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of common stock through December 31, 2025 (the “Repurchase Program”), which succeeds the stock repurchase program that the Board of Directors authorized in December 2023 (the “2024 Repurchase Program”). For the fourth quarter through December 17, 2024, under the 2024 Repurchase Program, the Company repurchased 1,202,913 shares of common stock at a weighted average price per share of $41.57 for an aggregate dollar amount of $50.0 million. For the full year through December 17, 2024, under the 2024 Repurchase Program, the Company repurchased 3,964,537 shares of common stock at a weighted average price per share of $36.97 for an aggregate dollar amount of $146.6 million. Purchases of common stock pursuant to the Repurchase Program may be made in open market transactions effected through a broker-dealer at prevailing market prices, in block trades, or by other means in accordance with federal securities laws, including pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The Company is not obligated under the Repurchase Program to repurchase any specific number or dollar amount of shares of common stock, and it may modify, suspend, or discontinue the Repurchase Program at any time. Company management will determine the timing and amount of any repurchases in its discretion based on a variety of factors, such as the market price of the Company’s common stock, corporate requirements, general market economic conditions, legal requirements, and applicable tax effects. About Tri Pointe Homes® One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, was named to the 2024 Fortune World’s Most Admired CompaniesTM list, is one of the 2023 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® in 2023 and 2024. The company was also named as a Great Place To Work-CertifiedTM company for four years in a row (2021 through 2024), and was named on several Great Place to Work ® Best Workplaces lists (2022 through 2024). For more information, please visit TriPointeHomes.com . Forward-Looking Statements Various statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding our strategy, projections and estimates concerning the timing and success of specific projects and our future production, land and lot sales, operational and financial results, including our estimates for growth, financial condition, sales prices, prospects, and capital spending. Forward-looking statements that are included in this press release are generally accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “future,” “goal,” “guidance,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or other words that convey future events or outcomes. The forward-looking statements in this press release speak only as of the date of this press release, and we disclaim any obligation to update these statements unless required by law, and we caution you not to rely on them unduly. These forward-looking statements are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. The following factors, among others, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements: the effects of general economic conditions, including employment rates, housing starts, interest rate levels, home affordability, inflation, consumer sentiment, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such parcels; access to adequate capital on acceptable terms; geographic concentration of our operations; levels of competition; the successful execution of our internal performance plans, including restructuring and cost reduction initiatives; the prices and availability of supply chain inputs, including raw materials, labor and home components; oil and other energy prices; the effects of U.S. trade policies, including the imposition of tariffs and duties on homebuilding products and retaliatory measures taken by other countries; the effects of weather, including the occurrence of drought conditions in parts of the western United States; the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, and shortages and price increases in labor or materials associated with such natural disasters; the risk of loss from acts of war, terrorism, civil unrest or public health emergencies, including outbreaks of contagious disease, such as COVID-19; transportation costs; federal and state tax policies; the effects of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our homebuyers’ confidential information or other forms of cyber-attack; and additional factors discussed under the sections captioned “Risk Factors” included in our annual and quarterly reports filed with the Securities and Exchange Commission. The foregoing list is not exhaustive. New risk factors may emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risk factors on our business. Investor Relations Contact: InvestorRelations@TriPointeHomes.com , 949-478-8696 Media Contact: Carol Ruiz, cruiz@newgroundco.com , 310-437-0045The counting of votes in the Kopri-Pachpakhadi constituency in Thane, where Maharashtra Chief Minister Eknath Shinde is squaring off against Kedar Dighe of the Shiv Sena (UBT) candidate, will begin at 8 am on Saturday. The seat saw 59.85 % turnout on Wednesday. This election not only marked a significant personal contest between the two candidates, but also symbolised the broader ideological and political divide between the two factions of the Shiv Sena. Eknath Shinde, who has been representing Kopri-Pachpakhadi since 2009 as a Shiv Sena candidate, remains a dominant figure in the region. His hold on the constituency is formidable, having won the 2019 Maharashtra Assembly elections by a margin of over 89,000 votes, defeating Congress’s Sanjay Ghadigaonkar. Shinde’s long tenure in the constituency, alongside his leadership in the Shiv Sena (Shinde faction), has solidified his position as the go-to leader in the region. As Maharashtra’s Chief Minister, Shinde has positioned himself as the face of development, promising to continue his legacy of growth and governance. On the other hand, Kedar Dighe, contested on behalf of the Shiv Sena (UBT), represented a rival faction led by Uddhav Thackeray. As the nephew of the late Anand Dighe, a revered figure in Thane politics, Kedar Dighe came with a strong legacy of his own. However, the contest was not just about personal legacies, but also about reclaiming the Shiv Sena’s ideological soul, which has been at the heart of the party’s split in 2022. The Shiv Sena (UBT) faction, led by Uddhav Thackeray, continued to battle for its political survival against the Shinde-led faction. The election in this constituency was not just a contest between two individuals, but a symbolic battle between two visions of the Shiv Sena. Eknath Shinde and his allies in the Mahayuti alliance (BJP and others) have positioned themselves as champions of development (Vikas), while the UBT faction, led by Uddhav Thackeray and represented by Kedar Dighe in this constituency, sees itself as the true inheritor of the Shiv Sena’s values of Hindutva and regional pride. Shinde has himself described the contest as one between “Vikas” (development) and “Vinash” (destruction), emphasising his commitment to progress and stability. While the focus was on the Kopri-Pachpakhadi constituency, this battle reflects the broader political landscape of Maharashtra. The outcome of the Kopri-Pachpakhadi contest will be more than just a local electoral win. It will represent the ongoing struggle for the soul of the Shiv Sena. For Eknath Shinde, securing a victory here would solidify his leadership not only in Thane, but also within the state’s political power structure. For Kedar Dighe, defeating the Chief Minister would provide a huge moral victory and reinforce the Shiv Sena (UBT)’s claim as the true representative of the party’s ideals.
I feel like we have already seen a different Manchester United under Ruben Amorim, but some issues are going to take longer to resolve. The international break meant he only had a couple of training sessions with some of his players before facing Ipswich in his first game in charge, but there were still some patterns of play that looked promising. You could see an obvious balance to their team in Sunday's draw following the switch to his 3-4-3 system and there were certain things that he had clearly worked on and asked them to do. Amorim is trying to make United more composed and measured in possession, but there were also times when they passed forward quickly and with purpose. Overall, they looked more confident and courageous with the ball than they have done recently but, on the downside, it was still too easy to play through them when they were without it. That allowed Ipswich to grow into the game and, with the chances they had, they will probably be disappointed not to have won. Getting their wing-backs forward, like Amad Diallo did to set up their early goal, was a big part of United's attacking plan. Bruno Fernandes and Alejandro Garnacho, the two players behind Marcus Rashford, were also getting into pockets of space, but were much narrower than Diallo and Diogo Dalot. Garnacho is usually a lot wider when he plays as a winger, but this was a different role for him, as I highlighted on MOTD2. The reason Amorim wants Garnacho and Fernandes in more central areas is because, as well as leaving space for the wing-backs, it also means that when they get the ball on the turn, they can run directly at goal. They did that several times in the first half, and it made United look a lot more dynamic and dangerous in attack than they did at the end of Erik ten Hag's spell as manager. It didn't last, however. I think Amorim would have expected a bit more from his side going forward after half-time, and he will be quietly disappointed they did not cause Ipswich more problems then. You have to give some credit to Ipswich's game management for that, though. They play a high-energy style and you cannot do that for 90 minutes. Their players had been working very hard when the game was more open and end-to-end, but there was a spell in the second half where they just dropped in and filled those spaces that United had utilised earlier. That settled the game down until Ipswich made changes that refreshed their front line, and United did not find a way of getting in behind them. Every system has its pros and cons and, even if this United team were used to playing 3-4-3, there are still issues that come with using that shape. While having Garnacho and Fernandes playing inside worked in an attacking sense, it meant Ipswich's full-backs could get up the pitch very easily, and double up with their wingers to give them overloads in the wide areas. The other problem with that formation is that it asks the two central midfielders to cover a lot of ground, particularly in a league as demanding as the Premier League. Casemiro and Christian Eriksen had a lot of work to do, and you could argue that the athleticism that is required is not their strongest trait. Ipswich played well and made it difficult for them, by dragging them everywhere. To play that role well, United's midfielders will need to be more than just mobile, too. They will both have to love the defensive side of the game and be able to spot danger then be fast enough to stop it. In the long run, I think Manuel Ugarte will be one of them. He needs a run of games to get his sharpness back but we have seen glimpses of how good he is, for example in the Europa League against Fenerbahce last month, and he has flourished under Amorim at Sporting before. As for who Ugarte will have alongside him, well it will probably be someone who is not at the club at the moment - there is going to have to be activity in the next couple of transfer window for them to get the type of player Amorim requires. Until that happens, United are always going to find it hard without the ball but this team is going to evolve, and so could Amorim's tactics. As I said on MOTD2, I would be amazed if United are still playing the same 3-4-3 system in a year's time because the Premier League is very different to continental leagues. If United are going to improve and become competitive for the title, I think Amorim's formation will evolve into something else but, in the meantime, at least their fans have already seen some progress. Danny Murphy was speaking to BBC Sport's Chris Bevan.
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