earnings
confidence high
sentiment positive
materiality 0.80
Taylor Morrison Q3 net income $310M ($2.72 EPS) up 103% YoY; gross margin record 27.5%
Taylor Morrison Home Corp
2022-Q3 EPS reported
$6.56
revenue$5,732,791,000
- Home closings revenue $2.0B (+12% YoY); closings down 8% but avg price up 22% to $650K.
- Net sales orders 2,069 (-39% YoY) on higher rates; cancellations 4.3% of backlog vs 2.4% a year ago.
- Gross margin 27.5% (record, +630 bps); SG&A ratio improved 210 bps to 7.4% (all-time low).
- Repurchased 4.2M shares for $105M; $320M remaining on $500M authorization.
- Liquidity $1.4B; early redemption of $350M senior notes on Oct 31; net debt-to-cap 34% vs 41.1% year ago.