Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________ FORM 10-Q _______________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissio ...

Taylor Morrison Home Corporation (NYSE:TMHC) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Mackenzie Aron - VP, IR Sheryl Palmer - Chairman and CEO Curt VanHyfte - CFO Erik Heuser - Chief Corporate Operations Officer Conference Call Participants Paul Przybylski - Wolfe Research Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates Elizabeth Langan - Barclays Mike Dahl - RBC Carl Reichardt - BTIG Jay McCanless - Wedbush Buck Horne - Raymond James Ken Zener - Seaport Re ...

For the quarter ended March 2025, Taylor Morrison Home (TMHC) reported revenue of $1.9 billion, up 11.6% over the same period last year. EPS came in at $2.18, compared to $1.75 in the year-ago quarter.The reported revenue represents a surprise of +4.75% over the Zacks Consensus Estimate of $1.81 billion. With the consensus EPS estimate being $1.85, the EPS surprise was +17.84%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Financial Performance - First quarter 2025 net income was $213 million, or $2.07 per diluted share, with adjusted net income at $225 million, or $2.18 per diluted share[3]. - Total revenue for Q1 2025 was $1,896,019,000, up from $1,699,752,000 in Q1 2024, reflecting a growth of 11.6%[23]. - Net income for Q1 2025 rose to $213,466,000, compared to $190,270,000 in Q1 2024, marking an increase of 12.2%[23]. - Adjusted net income for Q1 2025 was $224,881,000, up from $190,270,000 in Q1 2024, indicating a significant increase[37]. - Adjusted EBITDA rose to $336,200,000 in Q1 2025, compared to $281,083,000 in Q1 2024, marking a significant increase of 19.6%[43]. - The company reported a gross margin of $463,274,000 in Q1 2025, up from $416,845,000 in Q1 2024[23]. - EBITDA as a percentage of total revenue improved to 16.5% in Q1 2025 from 16.2% in Q1 2024[43]. Home Closings and Sales - Home closings revenue reached $1.8 billion, up 12% year over year, driven by 3,048 closings at an average price of $600,000[5][11]. - Home closings revenue increased to $1,830,068,000 in Q1 2025 from $1,636,255,000 in Q1 2024, representing an increase of 11.8%[23]. - For full year 2025, home closings are expected to be between 13,000 to 13,500, with a gross margin around 23%[14]. - Net sales orders decreased by 8% to 3,374, with a monthly absorption pace of 3.3, down from 3.7 a year ago[6][11]. - Net sales orders decreased by 8.5% to 3,374 homes in Q1 2025 from 3,686 homes in Q1 2024[27]. - The sales order backlog as of March 31, 2025, was 5,068 homes, down 18.8% from 6,244 homes in the same period last year[28]. Financial Position and Liquidity - Total liquidity stood at $1.3 billion, including $934 million available on the revolving credit facility[11]. - Total assets increased to $9,384,128,000 as of March 31, 2025, compared to $9,297,131,000 at the end of 2024[25]. - The total stockholders' equity increased to $5,957,524,000 as of March 31, 2025, from $5,878,180,000 at the end of 2024[25]. - The total stockholders' equity rose to $5,957,524,000 as of March 31, 2025, compared to $5,426,168,000 a year earlier, reflecting an increase of 9.8%[45]. - The company repurchased 2.2 million shares for $135 million, with remaining authorization of $775 million[11]. Debt and Interest - The total homebuilding debt to capitalization ratio improved to 24.3% as of March 31, 2025, down from 26.1% a year earlier[45]. - Net homebuilding debt increased to $1,536,220,000 as of March 31, 2025, compared to $1,363,973,000 a year prior, indicating a rise of 12.7%[45]. - The net homebuilding debt to capitalization ratio was 20.5% as of March 31, 2025, slightly up from 20.1% a year earlier[45]. - Interest expense increased to $8,499,000 in Q1 2025 from a net income of $(43,000) in Q1 2024, indicating a shift in interest costs[43]. Inventory and Impairment - Inventory impairment charges were recorded at $14,878,000 in Q1 2025, with no such charges in Q1 2024[43]. - Homebuilding land investment totaled $469 million, with 46% allocated to development[11]. Customer Metrics - The mortgage capture rate improved to 89%, up from 87% a year ago, indicating strong financing performance[11]. - The average selling price of homes closed in Q1 2025 was $600,000, slightly up from $599,000 in Q1 2024[26].

SCOTTSDALE, Ariz., April 23, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the first quarter ended March 31, 2025. Reported first quarter net income was $213 million, or $2.07 per diluted share, while adjusted net income was $225 million, or $2.18 per diluted share.First quarter 2025 highlights: Home closings revenue of $1.8 billion, up 12% year over year 3,048 closings, up 12% year over year, at an average pric ...

SCOTTSDALE, Ariz., March 26, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its first quarter 2025 results before the market opens on Wednesday, Apr. 23, 2025. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET.A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor ...

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Core Points - Darrell Sherman, EVP, Chief Legal Officer and Secretary of Taylor Morrison, will retire on May 31, 2025, after nearly 16 years in the role [1][2] - Todd Merrill, currently VP and General Counsel of Operations, will succeed Sherman effective June 1, 2025 [1][2] - Sherman has been recognized for his contributions to corporate governance, finance, land acquisition, risk management, M&A, and strategic growth [2] - Merrill has over 20 years of experience with Taylor Morrison and has been part of the legal team since August 2004 [2][3] - Taylor Morrison is a leading homebuilder in the U.S., recognized as America's Most Trusted® Builder from 2016-2025 [3] Company Overview - Taylor Morrison is headquartered in Scottsdale, Arizona, and serves a diverse range of consumers, including first-time, move-up, luxury, and resort lifestyle homebuyers and renters [3] - The company operates under various brands, including Taylor Morrison, Esplanade, and Yardly [3] - Taylor Morrison emphasizes sustainable operations, as highlighted in its annual Sustainability and Belonging Report [3]

Core Insights - Taylor Morrison celebrates Women in Construction Week by highlighting the increasing number of women in its workforce and their significant career growth in the traditionally male-dominated homebuilding industry [1][2][9] Workforce Statistics - As of March 2025, Taylor Morrison has experienced an 887% increase in women holding construction roles over the past decade [9] - The company boasts a 45% female representation in its workforce, which is over four times the U.S. construction industry average of 11% [9] - The Board of Directors at Taylor Morrison has a female majority, the highest in the industry [9] Employee Experiences - Haley Hoffman, a Dallas Build-to-Rent Assistant Land Project Manager, emphasizes the importance of asking questions and seeking mentorship in the construction field [3] - Autumn Schmicker, an Indianapolis-based Superintendent, encourages women to build upon their skills and not underestimate themselves [4] - Tracey Michaels, a Jacksonville-based Superintendent, shares her rewarding experience of seeing completed homes and the joy of homeowners [6][7] Company Overview - Taylor Morrison is headquartered in Scottsdale, Arizona, and is recognized as one of the nation's leading homebuilders and developers [8] - The company serves a diverse range of consumers, including first-time, move-up, luxury, and resort lifestyle homebuyers and renters [8] - Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research from 2016 to 2025 [8]

Core Insights - Taylor Morrison Home Corporation is hosting its first-ever Investor Day to present its long-term strategic vision and financial targets [1][2] - The company aims for approximately 20,000 home closings by 2028, with a focus on profitable growth and improved returns for shareholders [3][7] Company Overview - Taylor Morrison is a leading national developer and homebuilder, recognized as America's Most Trusted® Builder from 2016 to 2025 [4] - The company serves a diverse consumer base, including first-time, move-up, and resort lifestyle homebuyers and renters [4] Financial Targets - The company targets at least 10% annual growth in home closings [7] - It aims for a low-to-mid 20% gross margin on home closings and a high-teen range return on equity [7] - The company plans to maintain at least 65% control over homebuilding lots [7] Strategic Vision - Taylor Morrison emphasizes diversification, consumer centricity, and a well-defined strategy as competitive differentiators [3] - The company is committed to sustainable operations, as highlighted in its annual Sustainability and Belonging Report [4]