Taylor Morrison Reports Second Quarter Closings of 2,594, an increase of 30% over the prior year quarter, and Diluted Earnings per Share of $0.76

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Go back to Taylor Morrison Reports Second Quarter Closings of 2,594, an increase of 30% over the prior year quarter, and Diluted Earnings per Share of $0.76

Taylor Morrison Home (TMHC) Tops Q2 EPS by 10c, Revenues Beat; Provides Q3 & FY19 Business Outlook

July 31, 2019 6:59 AM EDT

Taylor Morrison Home (NYSE: TMHC) reported Q2 EPS of $0.76, $0.10 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.15 billion.

Second Quarter 2019 Highlights:

Net sales orders were 2,810, a 20% increase over the prior year quarterHome closings were 2,594, a 30% increase over the prior year quarterTotal revenue was $1.3 billion, a 29% increase over the prior year quarterGAAP home closings gross margin was 18.0%, which was flat to compared to the prior year quarterSG&A as a percent of home closings revenue was 10.1%,... More