secwatch.observer — SEC 8-K summary
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Issuer:     Taylor Morrison Home Corp (TMHC)
CIK:        0001562476
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001193125-24-034849
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taylor Morrison Q4 net income $173M ($1.58 EPS); FY2023 EPS $6.98; guides FY2024 closings ≥12,000 at 23-23.5% margin
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- Q4 home closings revenue $1.9B, down 19% YoY; net sales orders up 30% to 2,361 at 2.4/month absorption.
- Adjusted diluted EPS $2.05 in Q4, $7.54 for FY2023; reported EPS $1.58 and $6.98 respectively.
- FY2024 guidance: at least 12,000 closings, avg price ~$600K, gross margin 23.0-23.5%, land spend $2.3-2.5B.
- Board authorized ~$300M share repurchase in 2024; $494M remaining on prior authorization; 2.8M shares repurchased for $128M in FY2023.
- Homebuilding debt-to-capital improved to 26.0% gross and 16.8% net; total liquidity $1.8B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562476/000119312524034849/0001193125-24-034849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562476/000119312524034849/d769744d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-034849

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