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 Corporation (NYSE: TMHC) is a Scottsdale, Arizona-based residential homebuilder and land developer operating in the new housing for-sale builders segment of the construction sector. As one of the nation’s leading homebuilders and developers, the company serves first-time, move-up, luxury and resort lifestyle homebuyers and renters through its Taylor Morrison, Esplanade and Yardly brands. This news page focuses on the ongoing developments that shape Taylor Morrison’s business, capital structure and corporate profile.
Investors and observers following TMHC news will find updates on a range of topics documented in company press releases and SEC filings. These include quarterly earnings announcements and related conference calls, such as the scheduled release of fourth quarter 2025 results, as well as information on senior notes offerings, cash tender offers and redemptions of existing debt. News items also cover amendments to credit agreements that define the company’s revolving loan facilities and associated covenants.
Taylor Morrison’s news flow also highlights governance and board changes, including director appointments and resignations, and recognition in third-party rankings such as Newsweek’s America’s Most Responsible Companies list. The company frequently emphasizes its sustainability and corporate responsibility efforts, summarized in its Sustainability & Belonging Report, and its recognition as America’s Most Trusted® Builder by Lifestory Research over multiple years.
In addition, Taylor Morrison issues news on community and philanthropic initiatives, such as its Build Joy program and partnerships like the Build Joy Gingerbread House Kit collaboration with Freed’s Bakery to support homeowners in need. For anyone tracking developments in U.S. homebuilding, capital markets activity for a public homebuilder, or ESG-related initiatives in the construction sector, this TMHC news feed provides a centralized view of Taylor Morrison’s latest publicly disclosed actions and announcements.
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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.
Taylor Morrison (TMHC) is enhancing its Esplanade brand by launching the Esplanade Resort Experiences and forming a strategic partnership with Troon, a leader in hospitality management. This initiative aims to provide concierge-level services across Esplanade communities, starting in Florida and Charlotte. The focus is on delivering a superior resort-lifestyle experience with high-quality amenities and services. Since its inception in Florida a decade ago, Esplanade has expanded to nearly 30 communities nationwide. The new team, composed of hospitality experts, is dedicated to curating unique experiences for residents, aiming to elevate the lifestyle offerings significantly. This partnership is expected to bolster growth and resources for Esplanade, enhancing overall community amenities.
On April 6, 2023, Taylor Morrison (NYSE: TMHC) was recognized on the Wall Street Journal's 2022 Management Top 250 list, ranking No. 167 among homebuilders, an impressive climb of 88 spots from the previous year. This acclaim reflects the company's strength in customer satisfaction and employee engagement. As the company celebrates its 10-year anniversary as a public entity, CEO Sheryl Palmer emphasized their commitment to creating long-term value for homebuyers and shareholders. Taylor Morrison achieved over 12,600 closings in 2022, a significant increase from 4,700 at its IPO in 2013, and reached a 24% return on equity. The company is advancing its DEIB strategy and enhancing governance transparency while focusing on sustainability and community initiatives.
Taylor Morrison Home Corporation (NYSE: TMHC) has announced it will release its first quarter 2023 results before the market opens on April 26, 2023. A conference call will follow at 8:30 a.m. ET to discuss the results. Investors can access the live audio webcast on the company's website under the Investor Relations section. The company is recognized as a leading national developer and homebuilder, catering to various consumer segments. Taylor Morrison has been awarded as America's Most Trusted® Builder from 2016 to 2023. More information can be found on their official website.
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Taylor Morrison Home Corporation (NYSE: TMHC) reported strong fourth quarter results for 2022, with a net income of $275 million or $2.51 per diluted share, and adjusted net income at $321 million or $2.93 per diluted share.
The company experienced an 11% decline in home closings to 3,797 homes, generating $2.4 billion in revenue. Despite lower sales, gross margin improved by 190 basis points to 23.5%. SG&A as a percentage of revenue fell to 7.3%, a record low.
For full-year 2022, total revenue was $8.2 billion, up 9.6% year-over-year, with a 33% increase in book value per share to $42.38.