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).
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.
Max materiality 0.95 · Median 0.50 · Most common event earnings