Highest-materiality recent filing
Berkshire Hathaway to acquire Taylor Morrison for $72.50/share in all-cash deal valued at $8.5B
All-cash consideration of $72.50 per share, representing a 24% premium to TMHC's May 29 close of $58.50.
Taylor Morrison replaces $1B revolver with new $1B facility, maturity Dec 2030
New $1B revolving credit facility with $400M accordion feature, matures Dec 22, 2030.
Tender offer expired with $479.2M (95.8%) of $500M principal tendered; purchase price $1,023.07 per $1,000 principal.
Taylor Morrison issues $525M 5.75% notes due 2032, tenders $479M of 5.875% notes due 2027
Issued $525M aggregate principal of 5.750% Senior Notes due 2032, interest paid semi-annually.
Taylor Morrison prices tender offer for $500M 5.875% notes due 2027 at $1,023.07
Offer for any and all of $500M 5.875% Senior Notes due 2027 at a purchase price of $1,023.07 per $1,000 principal.
Taylor Morrison reports Q3 net income of $201M ($2.01 EPS); adjusted EPS $2.11
Home closings revenue $2.0B, down 1% YoY; 3,324 closings at avg price $602,000.
Taylor Morrison Q2: net income $194M, adj. EPS $2.02; orders drop 12%, gross margin 22.3%
Net income $194M ($1.92/share); adjusted net income $204M ($2.02/share).
Net income $213M ($2.07 diluted EPS); adjusted net income $225M ($2.18 diluted EPS).
Taylor Morrison Q4 adjusted EPS $2.64; 2025 closings guided 13,500-14,000
Q4 adjusted EPS $2.64 vs reported $2.30; home closings revenue up 12% YoY to $2.2B.
Net income $251M, diluted EPS $2.37 (vs $171M, $1.54 YoY); home closings revenue $2.0B up 26%.
Taylor Morrison Q2 net income $199M ($1.86 EPS), raises 2024 home closings guidance to 12,600-12,800
Net income $199M ($1.86 diluted EPS); adjusted net income $211M ($1.97 EPS).
Taylor Morrison Q1 net income flat at $190M, sales orders up 29%, raises FY2024 guidance
Net income $190M ($1.75 diluted EPS) vs $191M ($1.74) a year ago, essentially flat.
Taylor Morrison enters $50M accelerated share repurchase agreement with JPMorgan
Enters $50M ASR with JPMorgan; pays on March 7, receives 80% initial shares based on March 5 close.
Q4 home closings revenue $1.9B, down 19% YoY; net sales orders up 30% to 2,361 at 2.4/month absorption.
Florida Supreme Court declined jurisdiction on Solivita club fee class action; appeals court earlier affirmed trial court ruling.
Taylor Morrison Q3 adj. EPS $1.62 beats; raises FY home closings guidance to ~11,250
Net income $171M ($1.54 diluted EPS); adjusted net income $180M ($1.62 adj. EPS).
Taylor Morrison Q2 EPS $2.12, revenue up 6%, appoints CFO VanHyfte
Net income $235M ($2.12 diluted EPS); home closings revenue $2.0B, up 6% YoY.
Taylor Morrison Q1 EPS $1.74, revenue $1.66B; CFO steps down
Net income $191M ($1.74 diluted EPS) vs $177M ($1.44) a year ago; revenue $1.66B down 2%.
Taylor Morrison Q3 net income $310M ($2.72 EPS) up 103% YoY; gross margin record 27.5%
Home closings revenue $2.0B (+12% YoY); closings down 8% but avg price up 22% to $650K.
Net income $291M ($2.45 diluted EPS) vs $124M ($0.95) YoY; adjusted EPS $2.27, up 139%.
Taylor Morrison receives early tenders for 91% of $290M 6.625% notes due 2027
$264.1M aggregate principal (90.95%) of $290.4M outstanding notes tendered by June 27 early deadline.
Taylor Morrison subsidiary launches $290.4M cash tender offer for 6.625% Senior Notes due 2027
Tender offer for any and all $290.4M outstanding 6.625% Senior Notes due 2027; total consideration $1,000 per $1,000 principal plus accrued interest.
Taylor Morrison boosts stock buyback to $500M; shareholders re-elect directors
Board authorized $500M share repurchase through Dec 31, 2023, replacing prior $250M authorization.
On March 13, 2025, Darrell Sherman, Executive Vice President, Chief Legal Officer and Secretary of Taylor Morrison Home Corporation (the “Company”), informed the Company that he will retire from the Company effective May 31, 2025, after serving in the role for nearly 16 years.
Mr. Sherman will be succeeded as Executive Vice President, Chief Legal Officer and Secretary by Todd Merrill effective June 1, 2025.
Effective as of March 1, 2025, the Board of Directors (the “Board”) of Taylor Morrison Home Corporation (the “Company”), on the recommendation of its Nominating and Governance Committee (the “Nominating Committee”), appointed Heather Ostis as an independent member of the Board to serve as a director until the Company’s annual meeting of stockholders to be held in 2025 and until her successor has been duly elected and qualified, or until her earlier death, resignation, retirement, disqualification or removal.
Effective as of December 1, 2024, the Board, on the recommendation of its Nominating and Governance Committee (the “Nominating Committee”), appointed Fletcher Previn as an independent member of the Board to serve as a director until the Company’s annual meeting of stockholders to be held in 2025 and until his successor has been duly elected and qualified, or until his earlier death, resignation, retirement, disqualification or removal.
On November 12, 2024, William Lyon, a member of the Board of Directors (the “Board”) of Taylor Morrison Home Corporation (the “Company”), notified the Company of his decision to retire from the Board, effective November 30, 2024.
The Board has appointed Curt VanHyfte, the Company’s West Area President, to serve as Interim Chief Financial Officer effective May 1, 2023, as the Company commences a search for Mr. Steffens’ permanent successor.
On April 25, 2023, the Board of Directors (the “Board”) of the Company approved a request from Louis Steffens, Executive Vice President and Chief Financial Officer (“CFO”) of the Company, to step down from his CFO responsibilities, effective May 1, 2023, to attend to family commitments that will require him to relocate out of Arizona. Mr. Steffens will remain with the Company as Executive Vice President of Strategic and Operational Initiatives and will assist in the CFO transition.
former U.S. Senator Jeffry L. Flake, a member of the Board of Directors (the “Board”) of Taylor Morrison Home Corporation (the “Company”), notified the Company of his decision to resign from the Board. Senator Flake’s resignation from the Board is effective November 16, 2021
the Board, on the recommendation of its Nominating and Governance Committee (the “Nominating Committee”), appointed Christopher Yip as an independent member of the Board to fill the vacancy left by Senator Flake’s departure
C. David Cone, the Company’s current Executive Vice President and Chief Financial Officer, have entered into a Transition and Retirement Agreement, dated as of June 21, 2021, pursuant to which Mr. Cone will transition from the role of Chief Financial Officer effective December 31, 2021.
On October 27, 2021, the Company announced that Louis Steffens, the Company’s current President, Mergers & Acquisitions, would succeed Mr. Cone as the Company’s Executive Vice President and Chief Financial Officer, effective January 1, 2022.
Senator Flake has notified the Company of his decision to resign from the Board if and when the Senate confirms his appointment.
Max materiality 0.95 · Median 0.55 · Most common event earnings