TMHC
Taylor Morrison Home Corporation61.14
-1.09-1.75%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.97BP/E (TTM)
7.37Basic EPS (TTM)
8.30Dividend Yield
0%Recent Filings
8-K
8-K
Debt refinancing via notes offering
Taylor Morrison's subsidiary launched a $525 million private offering of senior notes due 2032 on November 3, 2025, to fund a tender offer and full redemptions of $500 million in 5.875% notes due 2027, plus $27.07 million in related 6.625% notes. This refinances shorter-term debt at potentially lower rates, extending maturities while preserving liquidity. Redemptions hinge on securing offering proceeds. Risks include market volatility delaying completion.
8-K
Taylor Morrison prices $525M notes
Taylor Morrison's subsidiary priced $525 million of 5.750% senior notes due 2032, set to close November 10, 2025. Proceeds, plus cash, will fund a tender offer and full redemption of outstanding 5.875% and 6.625% notes due 2027, trimming higher-rate debt. This refinancing extends maturities while cutting interest costs. Risks include market uncertainties detailed in SEC filings.
8-K
Q3 earnings beat guidance
Taylor Morrison Home Corporation reported Q3 2025 net income of $201 million, or $2.01 per diluted share, with home closings revenue dipping 1% to $2.0 billion from 3,324 homes at an average price of $602,000. Gross margins held at 22.1%, while SG&A expenses leveraged 80 basis points to 9.0% of revenue, amid rising cancellations to 15.4% of gross orders. The company repurchased $75 million in shares, bolstering its $1.3 billion liquidity. Backlog shrank 37% to 3,605 homes, yet absorption improved monthly. Strong cash flow persists.
10-Q
Q3 FY2025 results
Taylor Morrison Home Corporation posted solid Q3 results, with home closings revenue dipping 1.4% year-over-year to $2.0 billion on 3,324 units at a steady $602,000 average price, while nine-month revenue climbed 3.8% to $5.8 billion. Gross margin contracted to 22.1% from 24.8% y/y, pressured by $7.2 million in East segment inventory impairments from softer pricing and incentives, yet adjusted margin held at 22.4%. Diluted EPS fell to $2.01 from $2.37, reconciling cleanly with 100 million shares; operating cash flow swung positive to $170.9 million YTD, funding $533 million in land spend. Cash stood at $370.6 million with $954.8 million revolver availability, supporting $75 million in share repurchases. Urban Form asset sale added $22.8 million revenue. Backlog shrank 36.7% to 3,605 units amid 15.4% cancellation rates from high rates and trade-up hurdles.
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