Taylor Morrison(US:TMHC)2022-07-28 00:16Q2 2022 Performance Highlights - Home closings revenue increased by 15% to $1.9 billion[2] - Home closings gross margin improved by 750 basis points to a record high of 26.6%[2] - SG&A as a percentage of home closings revenue improved by 140 basis points to a second quarter record low of 8.8%[2] - Backlog value increased by 6% to $6.1 billion[2] - Total revenue increased by 16% to $2.0 billion[2] - Reported diluted EPS increased by 158% to $2.45[2] Land and Lots - Homebuilding lot supply increased by 8% to approximately 82,000 homesites, with 41% controlled[2] - Invested $451 million in land acquisition and development, with 52% development-related[11] Financial Position - Repurchased 6.8 million shares outstanding for $172 million[2] - Return on equity improved by 1,090 basis points to a record high of 23.1%[2] Outlook - The company is targeting around $2 billion in homebuilding land investment in 2022[11]