---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-116515"
form_type: "8-K"
ticker: "TMHC"
cik: "0001562476"
company_name: "Taylor Morrison Home Corp"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:49:04.176940+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Taylor Morrison Q1 EPS $1.74, revenue $1.66B; CFO steps down

## Summary
- Net income $191M ($1.74 diluted EPS) vs $177M ($1.44) a year ago; revenue $1.66B down 2%.
- Home closings gross margin improved 80 bps to 23.9%; SG&A flat at 9.9% of revenue.
- CFO Louis Steffens steps down effective May 1; Curt VanHyfte appointed interim CFO.
- Q2 guidance: closings 2,600-2,700, gross margin 23.0-23.5%; FY22 closings 10,000-11,000.
- Share repurchase: $4M on ~109k shares; $276M remaining on authorization.

## SEC filing metadata
- accession: 0001193125-23-116515
- form_type: 8-K
- ticker: TMHC
- cik: 0001562476
- company_name: Taylor Morrison Home Corp
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/0001193125-23-116515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/d500988d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-116515
- JSON: https://secwatch.observer/filing/0001193125-23-116515.json
- Plain text: https://secwatch.observer/filing/0001193125-23-116515.txt

## Key facts
- Earnings Releases
  Taylor Morrison Home Corp reported the first quarter ended March 31, 2023 results: revenue $1.6 billion, net income $191 million, EPS $1.74 per diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $1.6 billion
  - Net income: $191 million
  - EPS: $1.74 per diluted share
  - Result: reported results
  source text: First quarter 2023 highlights included the following, as compared to the first quarter 2022: • Home closings declined eight percent to 2,541 homes, which generated revenue of $1.6 billion. • Home closings gross margin improved 80 basis points to 23.9 percent. • Net sales orders declined seven percent to 2,854, which represented a monthly absorption pace of 2.9
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/0001193125-23-116515-index.htm
- Executive change
  Curt VanHyfte was appointed as Interim Chief Financial Officer at Taylor Morrison Home Corp.
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: The Board has appointed Curt VanHyfte, the Company’s West Area President, to serve as Interim Chief Financial Officer effective May 1, 2023, as the Company commences a search for Mr. Steffens’ permanent successor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/0001193125-23-116515-index.htm
- Executive change
  Louis Steffens changed role as Executive Vice President and Chief Financial Officer at Taylor Morrison Home Corp.
  - Action: stepped down
  - Role: Executive Vice President and Chief Financial Officer
  source text: On April 25, 2023, the Board of Directors (the “Board”) of the Company approved a request from Louis Steffens, Executive Vice President and Chief Financial Officer (“CFO”) of the Company, to step down from his CFO responsibilities, effective May 1, 2023, to attend to family commitments that will require him to relocate out of Arizona. Mr. Steffens will remain with the Company as Executive Vice President of Strategic and Operational Initiatives and will assist in the CFO transition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/0001193125-23-116515-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.