---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-123618"
form_type: "8-K"
ticker: "TMHC"
cik: "0001562476"
company_name: "Taylor Morrison Home Corp"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:23:59.140409+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Taylor Morrison Q1 net income flat at $190M, sales orders up 29%, raises FY2024 guidance

## Summary
- Net income $190M ($1.75 diluted EPS) vs $191M ($1.74) a year ago, essentially flat.
- Net sales orders rose 29% to 3,686; monthly absorption pace of 3.7 per community vs 2.9.
- Home closings gross margin improved 10 bps to 24.0%; FY2024 guidance raised to ~12,500 closings at 23.5-24.0% GM.
- Repurchased 1.5M shares for $92M; Moody's upgraded credit rating to BA1 from BA2.
- Expanded into Indianapolis with acquisition of ~1,500 lots from Pyatt Builders.

## SEC filing metadata
- accession: 0001193125-24-123618
- form_type: 8-K
- ticker: TMHC
- cik: 0001562476
- company_name: Taylor Morrison Home Corp
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562476/000119312524123618/0001193125-24-123618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562476/000119312524123618/d844058d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-123618
- JSON: https://secwatch.observer/filing/0001193125-24-123618.json
- Plain text: https://secwatch.observer/filing/0001193125-24-123618.txt

## Key facts
- Earnings Releases
  Taylor Morrison Home Corp reported the first quarter ended March 31, 2024 results: revenue $1.6 billion, net income $190 million, EPS $1.75 per diluted share. Guidance raised.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $1.6 billion
  - Net income: $190 million
  - EPS: $1.75 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: the first quarter of 2023: • Net sales orders increased 29% to 3,686, driven by a monthly absorption pace of 3.7 per community versus 2.9 a year ago • Home closings revenue of $1.6 billion, driven by 2,731 home closings at an average price of $599,000 • Home closings gross margin of 24.0% • 74,182 homebuilding lots owned and controlled, representing 6.5 years of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562476/000119312524123618/0001193125-24-123618-index.htm

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