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Taylor Morrison delivered solid third-quarter results, meeting or exceeding guidance across key metrics despite challenging market conditions. The company reported $2.0 billion in home closings revenue from 3,324 closings, achieving a home closings gross margin of 22.1%. Net sales orders were 2,468, with a monthly absorption pace of 2.4 per community. The company maintained a strong balance sheet with $1.3 billion in total liquidity and repurchased $75 million in common shares.
Taylor Morrison delivered a solid second quarter in 2025, meeting or exceeding guidance on most key metrics. The company reported net income of $194 million and adjusted net income of $204 million. Home closings revenue increased by 2% to $2.0 billion, driven by a 4% rise in closings, although the average closing price decreased by 2%. SG&A expenses showed significant leverage, improving by 90 basis points to 9.3% of home closings revenue. However, net sales orders declined by 12% and the monthly absorption pace decreased.
Taylor Morrison delivered $1.9 billion in revenue and $213 million in net income for Q1 2025, buoyed by a 12% increase in home closings. Despite a year-over-year dip in net sales orders, margins remained firm, with adjusted EPS rising to $2.18.
Taylor Morrison reported strong Q4 2024 results with a 16.7% year-over-year revenue increase to $2.36 billion. Net income rose to $242 million, or $2.30 per diluted share, while adjusted net income reached $278 million, or $2.64 per diluted share. Home closings revenue grew 12% to $2.2 billion, driven by higher sales and a marginally increased average selling price.
Taylor Morrison reported a strong third quarter in 2024, with net income of $251 million and diluted EPS of $2.37, driven by top-line growth and improved margins. Net sales orders increased by 9%, and home closings revenue reached $2.0 billion.
Taylor Morrison reported a net income of $199 million, or $1.86 per diluted share, for the second quarter of 2024. The company's performance was driven by a 3% increase in net sales orders and a home closings revenue of $1.9 billion. Looking ahead, Taylor Morrison expects to deliver between 12,600 to 12,800 homes this year with a home closings gross margin around 24%.
Taylor Morrison reported a solid start to 2024, with net income of $190 million and earnings per diluted share of $1.75. The company saw a 29% increase in net sales orders and a home closings revenue of $1.6 billion. The company is raising full-year guidance and now expects to deliver approximately 12,500 homes at a home closings gross margin between 23.5% to 24.0% and an average closing price between $600,000 to $610,000.
Taylor Morrison reported a net income of $173 million, or $1.58 per diluted share, and an adjusted net income of $223 million, or $2.05 per diluted share, for the fourth quarter of 2023. Net sales orders increased by 30%, and home closings revenue reached $1.9 billion. The company anticipates continued growth in 2024, with plans to deliver at least 12,000 home closings.
Taylor Morrison reported a net income of $171 million, or $1.54 per diluted share, for Q3 2023. The company's performance was driven by over 2,600 home deliveries and an adjusted home closings gross margin of 23.9%. The company also increased land investment, retired debt, and repurchased shares, ending the quarter with $1.6 billion in liquidity.
Taylor Morrison reported a net income of $235 million, or $2.12 per diluted share, for the second quarter of 2023. The company's performance was driven by increased closings and net sales orders, along with a focus on operational efficiencies and balance sheet management.
Taylor Morrison reported a net income of $191 million, or $1.74 per diluted share, for the first quarter of 2023. The company's performance was driven by a strong home closings gross margin of 23.9% and an efficient SG&A ratio of 9.9%. Positive sales momentum accelerated into March, resulting in a healthy monthly pace of 3.4 gross sales orders per community.
Taylor Morrison reported Q4 2022 results, featuring an EPS of $2.51 and an adjusted EPS of $2.93. Home closings decreased by 11% to 3,797 homes, but revenue remained strong at $2.4 billion. The company's home closings gross margin improved by 190 basis points to 23.5% on a reported basis.
Taylor Morrison reported a net income of $310 million, or $2.72 per diluted share, for the third quarter ended September 30, 2022. This represents an increase of 84 percent and 103 percent, respectively, compared to the third quarter of 2021. The company's performance was driven by a 12 percent increase in home closings revenue to $2.0 billion and a 630 basis points improvement in home closings gross margin to 27.5 percent.
Taylor Morrison reported strong second-quarter results, including record earnings per diluted share of $2.45. Home closings revenue increased 15% to $1.9 billion, and home closings gross margin improved 750 basis points to 26.6%. The company repurchased 6.8 million shares outstanding for $172 million.
Taylor Morrison reported a strong first quarter in 2022, with net income increasing by 80% and diluted earnings per share rising by 92% compared to the previous year. The company saw improvements in home closings revenue, gross margins, and return on equity, driven by operational efficiencies and strategic execution.
Taylor Morrison reported a strong fourth quarter with a 204% increase in diluted earnings per share. The company's performance was driven by margin improvements and SG&A leverage, offsetting inflationary pressures and supply chain constraints. Net income increased 189% compared to the prior-year quarter.
Taylor Morrison reported a strong third quarter, exceeding expectations in key operating metrics. The company successfully navigated supply-side challenges, closing 3,327 homes with a home closings gross margin of 21.2 percent. Net income increased to $168 million, or $1.34 per diluted share.
Taylor Morrison reported a net income of $124 million, or $0.95 per diluted share, for the second quarter ended June 30, 2021. Monthly absorptions increased 23 percent to 3.4 net sales orders per community. Home closings gross margin increased 370 basis points to 19.1 percent. Backlog increased 50 percent to 10,228 sold homes with a sales value of $5.7 billion, up 78 percent.
Taylor Morrison reported a net income of $98 million, or $0.75 per diluted share, compared to a net loss of $31 million, or $0.26 per diluted share in the first quarter of 2020. Net sales orders increased 30 percent, and monthly absorptions increased 42 percent to 4.3 net sales orders per community.
Taylor Morrison reported a 6% increase in total revenue to $1.6 billion and a 41% increase in net income to $94 million, or $0.72 per diluted share, compared to the prior-year period. The company also saw a 31% year-over-year growth in net sales orders per community, reaching 3.4, and ended the year with a record backlog of over 8,400 homes valued at over $4.2 billion.
Taylor Morrison reported a robust third quarter with a 53% increase in total revenue to $1.70 billion and a 38% increase in net income to $115 million, or $0.87 per diluted share. Monthly absorptions increased 53% to 3.8 net sales per community, the highest level in the company's public history.
Taylor Morrison reported strong second-quarter results with a 23% increase in net sales orders and a 20% increase in total revenue compared to the prior year quarter. The company's focus on virtual experience and innovative tools has contributed to its strong sales performance.
Taylor Morrison reported adjusted diluted earnings per share of $0.57 and GAAP diluted earnings per share of ($0.26) for the first quarter of 2020. Net sales orders increased by approximately 33% year-over-year, and home closings increased by almost 43% year-over-year. Total revenue was $1.3 billion, an almost 46% increase over the prior year quarter.
Taylor Morrison reported strong Q4 2019 results, with sales orders increasing by 42% year-over-year. Adjusted diluted earnings per share were $2.98, and GAAP diluted earnings per share were $2.35. The company finished the year with significant sales momentum and a strong backlog.
