Taylor Morrison Home (TMHC) Tops Q2 EPS by 4c, Offers Outlook

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Taylor Morrison Reports Second Quarter Revenue of $854 Million and Earnings per Share of $0.37

August 3, 2016 6:55 AM EDT

SCOTTSDALE, Ariz., Aug. 3, 2016 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) today reported second quarter total revenue of $854 million, net income of $46 million and earnings per share of $0.37.

Second Quarter Highlights:

Average active community count increased 29% from the prior year quarter to 315 Home closings revenue was $830 million, a 22% increase from the prior year quarter GAAP home closings gross margin, inclusive of capitalized interest, was 18.1% Net income for the... More