earnings
confidence high
sentiment neutral
materiality 0.80
Taylor Morrison reports record Q2 EPS $2.45; raises FY gross margin view but cuts home closing volume forecast
Taylor Morrison Home Corp
2022-Q2 EPS reported
$3.87
revenue$3,698,147,000
- Net income $291M ($2.45 diluted EPS) vs $124M ($0.95) YoY; adjusted EPS $2.27, up 139%.
- Home closings revenue $1.9B (+15%); gross margin 26.6% (company high, +750 bps).
- Net sales orders 2,554 (-25% YoY); cancellation rate 10.8%, up from 5.2% a year ago.
- FY2022 home closings now ~13,500 (down); gross margin raised to 25-26%.
- Repurchased 6.8M shares for $172M at avg $25.43; liquidity over $1.1B.