secwatch.observer — SEC 8-K summary
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Issuer:     Taylor Morrison Home Corp (TMHC)
CIK:        0001562476
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001193125-22-268965
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taylor Morrison Q3 net income $310M ($2.72 EPS) up 103% YoY; gross margin record 27.5%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562476/000119312522268965/0001193125-22-268965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562476/000119312522268965/d413177d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-268965

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