Taylor Morrison reports Q3 adjusted EPS $2.11, consensus $1.92

Reports Q3 revenue $2.1B, consensus $2.03B. “We are pleased to report strong third quarter results despite the continuation of challenging market conditions. Driven by our diversified portfolio and team’s careful calibration of inventory, pricing and pace across our well-located communities, we once again met or exceeded our guidance on all key metrics, including home closings volume, price and gross margin. The ongoing execution of our balanced operating strategy has allowed us to maintain healthy performance even as we have adjusted pricing and incentives, particularly in entry-level price points. Combined with a thoughtful approach to land-lighter financing tools and effective cost management, our business is generating strong bottom-line earnings, cash flow and returns for our shareholders,” said Sheryl Palmer, Taylor Morrison (TMHC) CEO and chairman.