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Mar 31, 2025
Taylor Morrison Q1 2025 Earnings Report
Taylor Morrison reported strong Q1 2025 results with solid earnings and revenue growth, supported by higher home closings and stable margins.
Key Takeaways
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.
Achieved 3,048 home closings, up 12% YoY, generating $1.83 billion in revenue.
Adjusted gross margin improved to 24.8% from 24.0% YoY.
Net income reached $213 million; adjusted EPS was $2.18.
Net sales orders dropped 8% YoY to 3,374, due to slower early-quarter demand.
Revenue by Geographic Location
Forward Guidance
The company expects to deliver 13,000–13,500 homes in FY2025 with a gross margin around 23%, while maintaining discipline in capital deployment and focusing on long-term returns.
Positive Outlook
- Home closings expected to increase to 13,000–13,500 in 2025.
- Average closing price expected to remain strong at $590,000–$600,000.
- Ending active communities projected to rise to at least 355.
- SG&A ratio expected to stay in the mid-9% range.
- Share repurchases forecasted at approximately $350 million.
Challenges Ahead
- Home closings gross margin expected to moderate to 23%.
- Pace of sales showed early-quarter weakness.
- Higher cancellations at 11%, up from 7% YoY.
- Sales in entry-level segment saw a steeper decline.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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