earnings
confidence high
sentiment positive
materiality 0.70
Taylor Morrison Q2 net income $199M ($1.86 EPS), raises 2024 home closings guidance to 12,600-12,800
Taylor Morrison Home Corp
2024-Q2 EPS reported
$3.61
revenue$3,690,805,000
- Net income $199M ($1.86 diluted EPS); adjusted net income $211M ($1.97 EPS).
- Home closings revenue $1.92B, down 3.8% YoY; home closings gross margin 23.8% (adjusted 23.9%).
- Net sales orders up 3% to 3,111; monthly absorption pace 3.0 per community; backlog 6,256 homes valued at $4.2B.
- Repurchased 1.7M shares for $105M; remaining authorization $298M; total liquidity $1.3B.
- Updated FY2024 outlook: home closings 12,600-12,800, gross margin ~24%, share repurchases ~$300M.