secwatch.observer — SEC 8-K summary
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Issuer:     Taylor Morrison Home Corp (TMHC)
CIK:        0001562476
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001193125-23-116515
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/0001193125-23-116515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562476/000119312523116515/d500988d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-116515

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