secwatch.observer — SEC 8-K summary
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Issuer:     Taylor Morrison Home Corp (TMHC)
CIK:        0001562476
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001193125-24-241415
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taylor Morrison Q3 EPS $2.37 beats prior year $1.54; raises full-year closings guidance to ~12,725 homes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562476/000119312524241415/0001193125-24-241415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562476/000119312524241415/d853831d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-241415

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