secwatch.observer — SEC 8-K summary
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Issuer:     Taylor Morrison Home Corp (TMHC)
CIK:        0001562476
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001193125-24-183274
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taylor Morrison Q2 net income $199M ($1.86 EPS), raises 2024 home closings guidance to 12,600-12,800
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562476/000119312524183274/0001193125-24-183274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562476/000119312524183274/d753416d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-183274

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