Taylor Morrison Home ( (TMHC) ) has released its Q1 earnings. Here is a breakdown of the information Taylor Morrison Home presented to its investors.
Taylor Morrison Home Corporation, headquartered in Scottsdale, Arizona, is a prominent national homebuilder and land developer serving a diverse range of consumers, including first-time, move-up, and resort lifestyle homebuyers across the United States.
In its first quarter of 2025 earnings report, Taylor Morrison announced a net income of $213 million, translating to $2.07 per diluted share. The company reported a 12% increase in home closings revenue, reaching $1.8 billion, and highlighted its strategic diversification as a key factor in maintaining strong financial performance amid market volatility.
The company’s financial performance was marked by several key metrics: a 12% increase in home closings to 3,048 homes, an adjusted home closings gross margin of 24.8%, and a 4% increase in ending community count to 344 outlets. However, net sales orders saw an 8% decline, attributed to a decrease in the monthly absorption pace. Taylor Morrison also reported a substantial land investment of $469 million and repurchased 2.2 million common shares for $135 million.
Looking forward, Taylor Morrison aims to deliver between 13,000 to 13,500 homes in 2025 with a home closings gross margin of around 23%. The company remains optimistic about its long-term trajectory, aspiring to reach 20,000 closings by 2028 while prioritizing shareholder returns and maintaining a healthy balance sheet. The management emphasizes a balanced approach to growth, focusing on sustainable operations and strategic diversification to navigate market challenges.
Overall, Taylor Morrison’s first quarter results reflect a robust performance, driven by its diversified portfolio and strategic market positioning, setting a positive tone for the remainder of the year despite anticipated market challenges.