earnings
confidence high
sentiment positive
materiality 0.80
Taylor Morrison Q3 EPS $2.37 beats prior year $1.54; raises full-year closings guidance to ~12,725 homes
Taylor Morrison Home Corp
2024-Q3 EPS reported
$5.97
revenue$5,811,647,000
- Net income $251M, diluted EPS $2.37 (vs $171M, $1.54 YoY); home closings revenue $2.0B up 26%.
- Home closings gross margin 24.8% (up 170 bps from 23.1%); SG&A 9.8% of revenue (down 60 bps).
- Net sales orders up 9% to 2,830; absorption pace 2.8 per community; cancellations at 9.3% (down from 11.4%).
- Full-year 2024 home closings expected ~12,725 (up from prior guidance); home closings gross margin ~24.3%.
- Share repurchases $61M in Q3; board authorized new $1B buyback through Dec 2026.