Taylor Morrison Reports First Quarter Closings of 1,938, an increase of 25% over the prior year quarter, and Diluted Earnings per Share of $0.46

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Go back to Taylor Morrison Reports First Quarter Closings of 1,938, an increase of 25% over the prior year quarter, and Diluted Earnings per Share of $0.46

Taylor Morrison Home (TMHC) Tops Q1 EPS by 12c, Revenues Beat; Provides Q2 & FY19 Business Outlook

May 1, 2019 7:11 AM EDT

Taylor Morrison Home (NYSE: TMHC) reported Q1 EPS of $0.46, $0.12 better than the analyst estimate of $0.34. Revenue for the quarter came in at $925 million versus the consensus estimate of $851.25 million.

Net sales orders were 2,615, a 7% increase over the prior year quarterHome closings were 1,938, a 25% increase over the prior year quarterTotal revenue was $925 million, a 23% increase over the prior year quarterGAAP home closings gross margin was 18.2%SG&A as a percent of home closings revenue was 11.5%, compared to 11.9% during Q1 2018Net income was $51 million with diluted... More