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    Taylor Morrison Reports First Quarter 2024 Results

    4/30/24 6:15:00 AM ET
    $TMHC
    Homebuilding
    Consumer Discretionary
    Get the next $TMHC alert in real time by email

    SCOTTSDALE, Ariz., April 30, 2024 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC), a leading national land developer and homebuilder, announced results for the first quarter ended March 31, 2024. Reported net income in the first quarter was $190 million, or $1.75 per diluted share, as compared to $191 million, or $1.74 per diluted share, in the first quarter of 2023.

    Taylor Morrison (PRNewsFoto/Taylor Morrison) (PRNewsfoto/Taylor Morrison)

    First quarter 2024 highlights included the following, as compared to the first quarter of 2023:

    • Net sales orders increased 29% to 3,686, driven by a monthly absorption pace of 3.7 per community versus 2.9 a year ago
    • Home closings revenue of $1.6 billion, driven by 2,731 home closings at an average price of $599,000
    • Home closings gross margin of 24.0%
    • 74,182 homebuilding lots owned and controlled, representing 6.5 years of total supply, of which 3.1 years was owned
    • Repurchased 1.5 million common shares for $92 million
    • Homebuilding debt to capitalization of 26.1% on a gross basis and 20.1% net of $554 million of unrestricted cash
    • Total liquidity of $1.6 billion
    • Expansion into the attractive Indianapolis market with acquisition of approximately 1,500 lots from Pyatt Builders, which closed after quarter-end

    "In the first quarter, our team delivered a strong start to the year, including better-than-expected sales activity, upside to our gross margin expectations, and efficient construction progress that we believe has set the stage for continued success through the remainder of the year. Supported by our diversified consumer and geographic strategy, we delivered 2,731 homes at a better-than-expected home closings gross margin of 24.0%, driving earnings per diluted share of $1.75 and 14% growth in our book value per share to $50. With consistent activity throughout the quarter, our net sales orders increased 29% year over year, driven by a monthly sales pace of 3.7 per community—putting us firmly on track to meet our annual sales pace goal in the low-three range," said Sheryl Palmer, Taylor Morrison Chairman and CEO.

    "Following this positive first quarter momentum, we are raising our full-year guidance and now expect to deliver approximately 12,500 homes at a home closings gross margin between 23.5% to 24.0% and an average closing price between $600,000 to $610,000. This improved outlook is reinforced by our healthy backlog of over 6,200 homes and includes an expected contribution of around 175 closings over the remainder of the year from our entry into Indianapolis. We are excited to add this growing market and its experienced team to our organization."

    Palmer continued, "The diversification of our consumer mix—from entry-level through first and second move-up to resort lifestyle buyers—is the foundation of our strong performance. We further maximize our performance by optimizing our construction efficiencies and gross margin opportunity by offering both quick-move in specs and personalized to-be-built homes aligned to our targeted consumer's needs and preferences, while our geographic diversification adds another layer of risk mitigation and growth opportunity. This unique diversification, combined with our operational capabilities, provides important competitive advantages that we believe will deliver strong growth and profitability in the years ahead, as reflected in our long-term targets for 10%-plus annual home closings growth, low-to-mid 20% home closings gross margins, mid-to-high teens returns on equity and ongoing book value growth."

    Business Highlights (All comparisons are of the current quarter to the prior-year quarter, unless indicated.)

    Homebuilding

    • Home closings revenue increased 2% to $1.6 billion, driven by an 8% increase in home closings to 2,731, which was partially offset by a 6% decrease in average closing price to $599,000.
    • Home closings gross margin increased ten basis points year over year to 24.0%.
    • Net sales orders increased 29% to 3,686, driven by a 28% increase in the monthly absorption pace to 3.7 per community and a 2% increase in ending community count to 331. Average net sales order price decreased 3% to $608,000.
    • SG&A as a percentage of home closings revenue increased to 10.4% from 9.9% a year ago.
    • Cancellations equaled just 7.0% of gross orders, down from 14.0% a year ago.
    • Backlog at quarter end was 6,244 homes with a sales value of $4.2 billion. Backlog customer deposits averaged approximately $57,000 per home.

    Land Portfolio

    • Homebuilding land acquisition and development spend totaled $588 million, up from $321 million a year ago. Development-related spend accounted for 38% of the total versus 68% a year ago.
    • Homebuilding lot supply was 74,182 owned and controlled homesites, up from 72,362 at year-end 2023.
    • Controlled homebuilding lots as a share of total lot supply was 53%, unchanged from year-end 2023.
    • Based on trailing twelve-month home closings, total homebuilding lots represented 6.5 years of total supply, of which only 3.1 years was owned.

    Financial Services

    • The mortgage capture rate increased to 87%, up from 82% a year ago.
    • Borrowers had an average credit score of 751 and debt-to-income ratio of 40%. 

    Balance Sheet

    • At quarter end, total liquidity was approximately $1.6 billion, including $554 million of unrestricted cash and $1.1 billion of total capacity on the Company's revolving credit facilities, which were undrawn outside of normal letters of credit.
    • Subsequent to quarter end, the Company received an upgraded credit rating from Moody's to BA1 from BA2 with a Stable outlook.
    • The gross homebuilding debt to capital ratio was 26.1%, down from 30.9% a year ago. Including $554 million of unrestricted cash on hand, the net homebuilding debt-to-capital ratio was 20.1%, down from 21.0% a year ago.
    • The Company repurchased 1.5 million shares for $92 million. At quarter end, the remaining share repurchase authorization was $403 million.

    Expansion into Indianapolis with Acquisition of Approximately 1,500 Lots

    Following the end of the quarter, Taylor Morrison purchased approximately 1,500 homebuilding lots from privately-held Pyatt Builders in Indianapolis, Indiana. Nearly 55% of the acquired lots are controlled via options and the transaction was funded with cash on hand. The expansion into Indianapolis further diversifies Taylor Morrison's geographic footprint into a healthy market supported by above-average employment growth and affordability. 

    Business Outlook

    Second Quarter 2024

    • Home closings are expected to be approximately 3,000
    • Average closing price is expected to be around $605,000
    • Home closings gross margin is expected to be at least 23.5%
    • Ending active community count is expected to be between 330 to 340
    • Effective tax rate is expected to be approximately 25%
    • Diluted share count is expected to be approximately 108 million

    Full Year 2024

    • Home closings are now expected to be approximately 12,500
    • Average closing price is now expected to be between $600,000 to $610,000
    • Home closings gross margin is now expected to be between 23.5% to 24.0%
    • Ending active community count is now expected to be between 330 to 340
    • SG&A as a percentage of home closings revenue is expected to be in the high-9% range
    • Effective tax rate is expected to be approximately 25%
    • Diluted share count is now expected to be approximately 108 million
    • Land and development spend is expected to be between $2.3 billion to $2.5 billion
    • Share repurchases are expected to total approximately $300 million

    Quarterly Financial Comparison

    (Dollars in thousands)

    Q1 2024



    Q1 2023



    Q1 2024 vs. Q1 2023

    Total Revenue

    $         1,699,752



    $         1,661,857



    2.3 %

    Home Closings Revenue

    $         1,636,255



    $         1,612,595



    1.5 %

    Home Closings Gross Margin

    $            393,046



    $            385,082



    2.1 %



    24.0 %



    23.9 %



    10 bps increase

    SG&A

    $            170,164



    $            159,021



    7.0 %

    % of Home Closings Revenue

    10.4 %



    9.9 %



    50 bps increase

    Earnings Conference Call Webcast

    A public webcast to discuss the Company's earnings will be held later today at 8:30 a.m. ET. A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events & Presentations tab. For call participants, the dial-in number is (833) 470-1428 and conference ID is 544307. The call will be recorded and available for replay on the Company's website.

    About Taylor Morrison

    Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade, Darling Homes Collection by Taylor Morrison and Yardly. From 2016-2024, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. Our strong commitment to sustainability, our communities, and our team is highlighted in our latest Environmental, Social, and Governance (ESG) Report on our website.

    Forward-Looking Statements

    This earnings summary includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words ""anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.

    Such risks, uncertainties and other factors include, among other things: inflation or deflation; changes in general and local economic conditions; slowdowns or severe downturns in the housing market; homebuyers' ability to obtain suitable financing; increases in interest rates, taxes or government fees; shortages in, disruptions of and cost of labor; higher cancellation rates of existing agreements of sale; competition in our industry; any increase in unemployment or underemployment; the seasonality of our business; the physical impacts of climate change and the increased focus by third-parties on sustainability issues; our ability to obtain additional performance, payment and completion surety bonds and letters of credit; significant home warranty and construction defect claims; our reliance on subcontractors; failure to manage land acquisitions, inventory and development and construction processes; availability of land and lots at competitive prices; decreases in the market value of our land inventory; new or changing government regulations and legal challenges; our compliance with environmental laws and regulations regarding climate change; our ability to sell mortgages we originate and claims on loans sold to third parties; governmental regulation applicable to our financial services and title services business; the loss of any of our important commercial lender relationships; our ability to use deferred tax assets; raw materials and building supply shortages and price fluctuations; our concentration of significant operations in certain geographic areas; risks associated with our unconsolidated joint venture arrangements; information technology failures and data security breaches; costs to engage in and the success of future growth or expansion of our operations or acquisitions or disposals of businesses; costs associated with our defined benefit and defined contribution pension schemes; damages associated with any major health and safety incident; our ownership, leasing or occupation of land and the use of hazardous materials; existing or future litigation, arbitration or other claims; negative publicity or poor relations with the residents of our communities; failure to recruit, retain and develop highly skilled, competent people; utility and resource shortages or rate fluctuations; constriction of the capital markets; risks related to instability in the banking system; risks associated with civil unrest, acts of terrorism, threats to national security, the conflicts in Eastern Europe and the Middle East and other geopolitical events; the scale and scope of current and future public health events, including pandemics and epidemics; any failure of lawmakers to agree on a budget or appropriation legislation to fund the federal government's operations (also known as a government shutdown), and financial markets' and businesses' reactions to any such failure; risks related to our substantial debt and the agreements governing such debt, including restrictive covenants contained in such agreements; our ability to access the capital markets; the risks associated with maintaining effective internal controls over financial reporting; provisions in our charter and bylaws that may delay or prevent an acquisition by a third party; and our ability to effectively manage our expanded operations.

    In addition, other such risks and uncertainties may be found in our most recent annual report on Form 10-K and our subsequent quarterly reports filed with the Securities and Exchange Commission (SEC) as such factors may be updated from time to time in our periodic filings with the SEC. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations, except as required by applicable law.

     

    Taylor Morrison Home Corporation 

    Consolidated Statements of Operations 

    (In thousands, except per share amounts, unaudited)

     



    Three Months Ended

    March 31,



    2024



    2023

    Home closings revenue, net

    $         1,636,255



    $         1,612,595

    Land closings revenue

    7,225



    4,520

    Financial services revenue

    46,959



    35,149

    Amenity and other revenue

    9,313



    9,593

    Total revenue

    1,699,752



    1,661,857

    Cost of home closings

    1,243,209



    1,227,513

    Cost of land closings

    5,202



    4,345

    Financial services expenses

    25,143



    22,148

    Amenity and other expenses

    9,353



    8,285

    Total cost of revenue

    1,282,907



    1,262,291

    Gross margin

    416,845



    399,566

    Sales, commissions and other marketing costs

    102,600



    92,760

    General and administrative expenses

    67,564



    66,261

    Net income from unconsolidated entities

    (2,751)



    (1,929)

    Interest income, net

    (43)



    (1,111)

    Other expense/(income), net

    595



    (4,834)

    Income before income taxes

    248,880



    248,419

    Income tax provision

    57,719



    57,191

    Net income before allocation to non-controlling interests

    191,161



    191,228

    Net income attributable to non-controlling interests

    (891)



    (177)

    Net income

    $            190,270



    $            191,051

    Earnings per common share







    Basic

    $                 1.79



    $                 1.76

    Diluted

    $                 1.75



    $                 1.74

    Weighted average number of shares of common stock:







    Basic

    106,457



    108,429

    Diluted

    108,564



    110,053

     

    Taylor Morrison Home Corporation 

    Condensed Consolidated Balance Sheets 

    (In thousands, unaudited)

     



    March 31,

    2024



    December 31,

    2023

    Assets







    Cash and cash equivalents

    $                554,287



    $                798,568

    Restricted cash

    3,105



    8,531

    Total cash

    557,392



    807,099

    Owned inventory

    5,841,924



    5,473,828

    Consolidated real estate not owned

    143,429



    71,618

    Total real estate inventory

    5,985,353



    5,545,446

    Land deposits

    199,043



    203,217

    Mortgage loans held for sale

    216,633



    193,344

    Lease right of use assets

    72,900



    75,203

    Prepaid expenses and other assets, net

    287,507



    290,925

    Other receivables, net

    189,771



    184,518

    Investments in unconsolidated entities

    369,982



    346,192

    Deferred tax assets, net

    67,825



    67,825

    Property and equipment, net

    300,740



    295,121

    Goodwill

    663,197



    663,197

    Total assets

    $             8,910,343



    $             8,672,087

    Liabilities







    Accounts payable

    $                276,093



    $                263,481

    Accrued expenses and other liabilities

    459,095



    549,074

    Lease liabilities

    81,138



    84,999

    Income taxes payable

    45,848



    —

    Customer deposits

    357,657



    326,087

    Estimated development liabilities

    27,416



    27,440

    Senior notes, net

    1,469,135



    1,468,695

    Loans payable and other borrowings

    441,190



    394,943

    Revolving credit facility borrowings

    —



    —

    Mortgage warehouse borrowings

    183,174



    153,464

    Liabilities attributable to consolidated real estate not owned

    143,429



    71,618

    Total liabilities

    $             3,484,175



    $             3,339,801

    Stockholders' equity







    Total stockholders' equity

    5,426,168



    5,332,286

    Total liabilities and stockholders' equity

    $             8,910,343



    $             8,672,087

     

    Homes Closed and Home Closings Revenue, Net: 



    Three Months Ended March 31,



    Homes Closed



    Home Closings Revenue, Net



    Average Selling Price

    (Dollars in thousands)

    2024



    2023



    Change



    2024



    2023



    Change



    2024



    2023



    Change

    East

    933



    1,004



    (7.1) %



    $       541,730



    $       601,611



    (10.0) %



    $     581



    $     599



    (3.0 %)

    Central

    832



    731



    13.8 %



    472,032



    463,394



    1.9 %



    567



    634



    (10.6) %

    West

    966



    806



    19.9 %



    622,493



    547,590



    13.7 %



    644



    679



    (5.2) %

    Total

    2,731



    2,541



    7.5 %



    $    1,636,255



    $    1,612,595



    1.5 %



    $     599



    $     635



    (5.7) %

     

    Net Sales Orders:



    Three Months Ended March 31,



    Net Sales Orders



    Sales Value



    Average Selling Price

    (Dollars in thousands)

    2024



    2023



    Change



    2024



    2023



    Change



    2024



    2023



    Change

    East

    1,295



    1,079



    20.0 %



    $       776,861



    $       644,519



    20.5 %



    600



    597



    0.5 %

    Central

    904



    674



    34.1 %



    478,419



    384,830



    24.3 %



    529



    571



    (7.4) %

    West

    1,487



    1,101



    35.1 %



    984,483



    756,344



    30.2 %



    662



    687



    (3.6 %)

    Total

    3,686



    2,854



    29.2 %



    $    2,239,763



    $    1,785,693



    25.4 %



    $     608



    $     626



    (2.9 %)

     

    Sales Order Backlog: 



    Three Months Ended March 31,



    Sold Homes in Backlog



    Sales Value



    Average Selling Price

    (Dollars in thousands)

    2024



    2023



    Change



    2024



    2023



    Change



    2024



    2023



    Change

    East

    2,433



    2,658



    (8.5) %



    $    1,715,398



    $    1,775,970



    (3.4) %



    $     705



    $     668



    5.5 %

    Central

    1,371



    1,660



    (17.4) %



    870,550



    1,132,928



    (23.2) %



    635



    682



    (6.9) %

    West

    2,440



    1,949



    25.2 %



    1,662,190



    1,328,187



    25.1 %



    681



    681



    — %

    Total

    6,244



    6,267



    (0.4) %



    $    4,248,138



    $    4,237,085



    0.3 %



    $     680



    $     676



    0.6 %

     

    Ending Active Selling Communities: 



    As of



    Change



    March 31, 2024



    March 31, 2023





    East

    113



    106



    6.6 %

    Central

    93



    98



    (5.1) %

    West

    125



    120



    4.2 %

    Total

    331



    324



    2.2 %

     

    Reconciliation of Non-GAAP Financial Measures 

    In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP"), we generally provide our investors with supplemental information relating to: (i) adjusted net income and adjusted earnings per common share, (ii) adjusted income before income taxes and related margin, (iii) adjusted home closings gross margin; (iv) EBITDA and adjusted EBITDA and (v) net homebuilding debt to capitalization ratio.

    Adjusted net income, adjusted earnings per common share and adjusted income before income taxes and related margin are non-GAAP financial measures that reflect net income/(loss), excluding to the extent applicable in a given period, the impact of inventory impairment charges, impairment of investment in unconsolidated entities, pre-acquisition abandonment charges, gain/loss on land transfers to joint ventures and extinguishment of debt, net, and legal settlements the Company deems not to be in the ordinary course of business and in the case of adjusted net income and adjusted earnings per common share, the tax impact due to such items.

    EBITDA and Adjusted EBITDA are non-GAAP financial measures that measure performance by adjusting net income before allocation to non-controlling interests to exclude, interest expense/(income), net, amortization of capitalized interest, income taxes, depreciation and amortization (EBITDA), and non-cash compensation expense, if any, inventory impairment charges, impairment of investments in unconsolidated entities, pre-acquisition abandonment charges, gain/loss on land transfers to joint ventures, extinguishment of debt, net, and legal settlements that the Company deems not to be in the ordinary course of business, in each case, as applicable in a given period.

    Net homebuilding debt to capitalization ratio is a non-GAAP financial measure we calculate by dividing (i) total debt, plus unamortized debt issuance cost/(premium), net, and less mortgage warehouse borrowings, net of unrestricted cash and cash equivalents ("net homebuilding debt"), by (ii) total capitalization (the sum of net homebuilding debt and total stockholders' equity).

    Management uses these non-GAAP financial measures to evaluate our performance on a consolidated basis, as well as the performance of our regions, and to set targets for performance-based compensation. We also use the ratio of net homebuilding debt to total capitalization as an indicator of overall leverage and to evaluate our performance against other companies in the homebuilding industry. In the future, we may include additional adjustments in the above-described non-GAAP financial measures to the extent we deem them appropriate and useful to management and investors.

    We believe that EBITDA and adjusted EBITDA are useful for investors in order to allow them to evaluate our operations without the effects of various items we do not believe are characteristic of our ongoing operations or performance and also because such metrics assist both investors and management in analyzing and benchmarking the performance and value of our business. Adjusted EBITDA also provides an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, or unusual items. Because we use the ratio of net homebuilding debt to total capitalization to evaluate our performance against other companies in the homebuilding industry, we believe this measure is also relevant and useful to investors for that reason.

    These non-GAAP financial measures should be considered in addition to, rather than as a substitute for, the comparable U.S. GAAP financial measures of our operating performance or liquidity. Although other companies in the homebuilding industry may report similar information, their definitions may differ. We urge investors to understand the methods used by other companies to calculate similarly-titled non-GAAP financial measures before comparing their measures to ours.

    Because the company did not experience any material adjustments applicable to (i) adjusted net income and adjusted earnings per common share; (ii) adjusted income before income taxes and related margin; or (iii) adjusted home closings gross margin during the periods presented that would cause such measures to differ from the comparable GAAP measures, such measures have not been separately presented herein. 

    A reconciliation of (i) EBITDA and adjusted EBITDA and (ii) net homebuilding debt to capitalization ratio to the comparable GAAP measures is presented below.

     

    EBITDA and Adjusted EBITDA Reconciliation

     



    Three Months Ended

    March 31,

    (Dollars in thousands)

    2024



    2023

    Net income before allocation to non-controlling interests

    $        191,161



    $        191,228

    Interest income, net

    (43)



    (1,111)

    Amortization of capitalized interest

    23,625



    27,649

    Income tax provision

    57,719



    57,191

    Depreciation and amortization

    3,138



    1,790

    EBITDA

    $        275,600



    $        276,747

    Non-cash compensation expense

    5,483



    7,533

    Adjusted EBITDA

    $        281,083



    $        284,280

    Total revenue

    $     1,699,752



    $     1,661,857

    Net income before allocation to non-controlling interests as a percentage of total revenue

    11.2 %



    11.5 %

    EBITDA as a percentage of total revenue

    16.2 %



    16.7 %

    Adjusted EBITDA as a percentage of total revenue

    16.5 %



    17.1 %

     

    Debt to Capitalization Ratios Reconciliation

     

    (Dollars in thousands)

    As of

    March 31, 2024



    As of

    December 31, 2023



    As of

    March 31, 2023

    Total debt

    $           2,093,499



    $           2,017,102



    $           2,301,878

    Plus: unamortized debt issuance cost, net

    7,935



    8,375



    10,193

    Less: mortgage warehouse borrowings

    (183,174)



    (153,464)



    (146,334)

    Total homebuilding debt

    $           1,918,260



    $           1,872,013



    $           2,165,737

    Total equity

    5,426,168



    5,332,286



    4,846,546

    Total capitalization

    $           7,344,428



    $           7,204,299



    $           7,012,283

    Total homebuilding debt to capitalization ratio

    26.1 %



    26.0 %



    30.9 %

    Total homebuilding debt

    $           1,918,260



    $           1,872,013



    $           2,165,737

    Less: cash and cash equivalents

    (554,287)



    (798,568)



    (877,717)

    Net homebuilding debt

    $           1,363,973



    $           1,073,445



    $           1,288,020

    Total equity

    5,426,168



    5,332,286



    4,846,546

    Total capitalization

    $           6,790,141



    $           6,405,731



    $           6,134,566

    Net homebuilding debt to capitalization ratio

    20.1 %



    16.8 %



    21.0 %

     

    CONTACT:

    Mackenzie Aron, VP Investor Relations

    (480) 734-2060

    [email protected]

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/taylor-morrison-reports-first-quarter-2024-results-302130655.html

    SOURCE Taylor Morrison

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    Recent Analyst Ratings for
    $TMHC

    DatePrice TargetRatingAnalyst
    5/5/2025$70.00Buy
    BofA Securities
    3/6/2025$55.00Sell → Neutral
    Seaport Research Partners
    1/27/2025Neutral → Sell
    Seaport Research Partners
    1/8/2025$76.00Peer Perform → Outperform
    Wolfe Research
    12/11/2024$75.00 → $90.00Equal Weight → Overweight
    Barclays
    10/25/2024$85.00Neutral → Outperform
    Wedbush
    8/19/2024$78.00Neutral → Buy
    BTIG Research
    7/24/2024$75.00Outperform
    Raymond James
    More analyst ratings

    $TMHC
    SEC Filings

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    • SEC Form 8-K filed by Taylor Morrison Home Corporation

      8-K - Taylor Morrison Home Corp (0001562476) (Filer)

      5/27/25 6:05:47 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • SEC Form 8-K filed by Taylor Morrison Home Corporation

      8-K - Taylor Morrison Home Corp (0001562476) (Filer)

      5/1/25 6:05:43 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • SEC Form 10-Q filed by Taylor Morrison Home Corporation

      10-Q - Taylor Morrison Home Corp (0001562476) (Filer)

      4/23/25 4:34:24 PM ET
      $TMHC
      Homebuilding
      Consumer Discretionary

    $TMHC
    Press Releases

    Fastest customizable press release news feed in the world

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    • Taylor Morrison Announces Date for Second Quarter 2025 Earnings Release and Webcast Conference Call

      SCOTTSDALE, Ariz., June 25, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its second quarter 2025 results before the market opens on Wednesday, July 23, 2025. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET. A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab. Call participants

      6/25/25 6:55:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison to Expand Esplanade Brand to the Las Vegas Market with New Community

      America's Most Trusted® Home Builder brings its top-selling resort lifestyle brand to Summerlin LAS VEGAS, May 27, 2025 /PRNewswire/ -- America's Most Trusted® Home Builder, Taylor Morrison, is introducing their highly successful resort lifestyle brand, Esplanade, to the Las Vegas market in the Summerlin master-planned community. Upon completion, the Esplanade at Red Rock community will bring nearly 400 homes to the area, showcasing an elevated resort-lifestyle. "We're looking forward to expanding the Esplanade footprint to the Las Vegas area and offering our signature resort

      5/27/25 6:03:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison Reports First Quarter 2025 Results

      SCOTTSDALE, Ariz., April 23, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC), a leading national land developer and homebuilder, announced results for the first quarter ended March 31, 2025. Reported first quarter net income was $213 million, or $2.07 per diluted share, while adjusted net income was $225 million, or $2.18 per diluted share. First quarter 2025 highlights: Home closings revenue of $1.8 billion, up 12% year over year3,048 closings, up 12% year over year, at an average price of $600,000Home closings gross margin of 24.0% and adjusted home closin

      4/23/25 6:15:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary

    $TMHC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • BofA Securities initiated coverage on Taylor Morrison Home with a new price target

      BofA Securities initiated coverage of Taylor Morrison Home with a rating of Buy and set a new price target of $70.00

      5/5/25 8:33:17 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison Home upgraded by Seaport Research Partners with a new price target

      Seaport Research Partners upgraded Taylor Morrison Home from Sell to Neutral and set a new price target of $55.00

      3/6/25 7:30:36 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison Home downgraded by Seaport Research Partners

      Seaport Research Partners downgraded Taylor Morrison Home from Neutral to Sell

      1/27/25 8:35:25 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary

    $TMHC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • SEC Form 4 filed by Director Yip Christopher J.

      4 - Taylor Morrison Home Corp (0001562476) (Issuer)

      7/1/25 4:15:10 PM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • SEC Form 4 filed by EVP, CLO & Secretary Merrill Stevin Todd

      4 - Taylor Morrison Home Corp (0001562476) (Issuer)

      6/23/25 4:15:04 PM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • New insider Merrill Stevin Todd claimed ownership of 4,412 shares (SEC Form 3)

      3 - Taylor Morrison Home Corp (0001562476) (Issuer)

      6/6/25 4:31:03 PM ET
      $TMHC
      Homebuilding
      Consumer Discretionary

    $TMHC
    Leadership Updates

    Live Leadership Updates

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    • Taylor Morrison Welcomes Starbucks Executive to Board of Directors

      Heather Ostis joins homebuilder's board with extensive Fortune 500 experience in supply chain management SCOTTSDALE, Ariz., Feb. 4, 2025 /PRNewswire/ -- Taylor Morrison (NYSE:TMHC), a national homebuilder and land developer, has appointed Starbucks Executive Heather Ostis to its Board of Directors effective March 1, 2025. Ms. Ostis' demonstrated leadership in global procurement and supply chain are integral functions for new construction and homebuilding. She currently serves as chief procurement officer, global supply chain for Starbucks, with previously held roles for Delta

      2/4/25 6:03:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison to Host Investor Day on March 6, 2025

      SCOTTSDALE, Ariz., Jan. 13, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, will host its first-ever Investor Day on Thursday, March 6, 2025, in Sarasota, Florida. The event will feature presentations by Taylor Morrison's executive leadership team on the Company's long-term strategic vision and guest speaker Ali Wolf, Chief Economist at Zonda, on the state of the housing market. In-person attendees will also have the opportunity to join a tour of Taylor Morrison communities and experience its

      1/13/25 6:55:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Cisco Executive to Join Taylor Morrison Board of Directors

      Fletcher Previn strengthens homebuilder's board with data security experience while company appoints second cohort of board fellows SCOTTSDALE, Ariz., Nov. 12, 2024 /PRNewswire/ -- Taylor Morrison (NYSE:TMHC), a national homebuilder and land developer, has appointed Fletcher Previn to its Board of Directors effective Dec. 1. Additionally, William H. Lyon, who joined the board upon the Company's acquisition of William Lyon Homes in 2020, is retiring at the end of November.   "Mr. Lyon's impact on our company's growth trajectory and evolution followed by his continued dedication

      11/12/24 6:03:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary

    $TMHC
    Financials

    Live finance-specific insights

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    • Taylor Morrison Announces Date for Second Quarter 2025 Earnings Release and Webcast Conference Call

      SCOTTSDALE, Ariz., June 25, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its second quarter 2025 results before the market opens on Wednesday, July 23, 2025. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET. A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab. Call participants

      6/25/25 6:55:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison Reports First Quarter 2025 Results

      SCOTTSDALE, Ariz., April 23, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC), a leading national land developer and homebuilder, announced results for the first quarter ended March 31, 2025. Reported first quarter net income was $213 million, or $2.07 per diluted share, while adjusted net income was $225 million, or $2.18 per diluted share. First quarter 2025 highlights: Home closings revenue of $1.8 billion, up 12% year over year3,048 closings, up 12% year over year, at an average price of $600,000Home closings gross margin of 24.0% and adjusted home closin

      4/23/25 6:15:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • Taylor Morrison Announces Date for First Quarter 2025 Earnings Release and Webcast Conference Call

      SCOTTSDALE, Ariz., March 26, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its first quarter 2025 results before the market opens on Wednesday, Apr. 23, 2025. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET. A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab. Call participants

      3/26/25 6:55:00 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary

    $TMHC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • SEC Form SC 13G/A filed by Taylor Morrison Home Corporation (Amendment)

      SC 13G/A - Taylor Morrison Home Corp (0001562476) (Subject)

      2/13/24 5:16:09 PM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Taylor Morrison Home Corporation (Amendment)

      SC 13G/A - Taylor Morrison Home Corp (0001562476) (Subject)

      2/9/24 9:59:05 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Taylor Morrison Home Corporation (Amendment)

      SC 13G/A - Taylor Morrison Home Corp (0001562476) (Subject)

      2/9/24 9:49:30 AM ET
      $TMHC
      Homebuilding
      Consumer Discretionary