Welcome to our dedicated page for Taylor Morrison Home news (Ticker: TMHC), a resource for investors and traders seeking the latest updates and insights on Taylor Morrison Home stock.
Taylor Morrison Home Corp (NYSE: TMHC) news hub provides investors and industry observers with direct access to official corporate communications and market developments. This centralized resource tracks the national homebuilder's operational milestones, financial disclosures, and strategic initiatives in residential construction and community development.
Discover press releases covering quarterly earnings, leadership updates, and partnership announcements alongside analysis of TMHC's geographic expansion and consumer-focused strategies. The archive includes updates on land acquisitions, sustainability efforts, and innovations in home design across the company's Taylor Morrison and Darling Homes brands.
Bookmark this page for unfiltered access to TMHC's latest developments in capital-efficient growth and market diversification. Monitor how the company navigates housing demand cycles through its proprietary consumer segmentation model and operational discipline in key regions nationwide.
Taylor Morrison Home Corporation (TMHC) reported its Q1 2023 results, with net income rising to $191 million, or $1.74 per diluted share, up from $177 million, or $1.44 a year prior. Home closings fell 8% to 2,541 units, generating $1.6 billion in revenue. While revenues decreased by 2.4%, home closings gross margin improved by 80 basis points to 23.9%. Net sales orders dipped 7% to 2,854, though the cancellation rate decreased to 14%. The company ended the quarter with about $2 billion in liquidity and a record low net debt-to-capital ratio of 21%. For Q2 2023, TMHC expects home closings between 2,600 to 2,700 units and a gross margin of 23.0% to 23.5%. Additionally, CFO Louis Steffens will step down effective May 1, transitioning to an EVP role.
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