Taylor Morrison Q2 EPS $2.12, revenue up 6%, appoints CFO VanHyfte

Taylor Morrison Home Corp

2023-Q2 EPS reported $3.85 revenue$3,722,421,000

Net income $235M ($2.12 diluted EPS); home closings revenue $2.0B, up 6% YoY.
Home closings gross margin 24.2%, down 240 bps YoY but up 30 bps sequentially.
Net sales orders up 18% to 3,023; monthly absorption pace 3.1 vs 2.6.
Total liquidity all-time high $2.3B; Moody's upgraded to Ba2 stable.
Curt VanHyfte appointed EVP and CFO (previously interim); 30-year homebuilding veteran.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Taylor Morrison Home Corp reported second quarter ended June 30, 2023 results: revenue $2.0 billion, net income $235 million, EPS $2.12 per diluted share. Guidance initiated.

Period: second quarter ended June 30, 2023
Revenue: $2.0 billion
Net income: $235 million
EPS: $2.12 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

included the following, as compared to the second quarter 2022: • Closings increased 3% to 3,125 homes at an average price of $639,000, which generated home closings revenue of $2.0 billion. • Home closings gross margin declined 240 basis points year over year but increased 30 basis points sequentially to 24.2%. • Net sales orders increased 18% to 3,023, driven by a

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Source: SEC EDGAR

accession 0001193125-23-194003

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