Taylor Morrison Home Holding Company (TMHC)

Talk about straight up SECURITIES FRAUD INSIDER DEALINGS Take a look at the Taylor Morrison insiders getting their free shares to make bank on the company selling out to Buffett and their group of insider trading crooks. WHERE IS THE SEC ? HOW CAN SHIT LIKE THIS BE ALLOWED FOR THE WEALTHY BUT THE LIL GUY CAN'T GET SHIT? TIME FOR TRUMP'S SEC TO LOOK INTO THE OPEN AND SHUT INSIDER DEALINGS AND LOCK SOME CHEATERS UP ALREADY.

Berkshire Hathaway to Acquire Taylor Morrison Home Corporation for $8.5 BillionMay 31, 2026 4:30 PM
PR Newswire (US) All-cash transaction delivers significant and certain value for Taylor Morrison shareholders; purchase price represents approximately 24% premium to latest closing stock priceTransaction provides attractive opportunity for Taylor Morrison team members and partners to execute continued growth trajectory with the strength of Berkshire Hathaway SCOTTSDALE, Ariz. and OMAHA, Neb., May 31, 2026 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) and Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) jointly announced today that they have reached a definitive agreement for Berkshire Hathaway to acquire Taylor Morrison for $72.50 per common share in cash, representing a total equity value for Taylor Morrison of approximately $6.8 billion and total enterprise value of approximately $8.5 billion. The acquisition price represents a 24% premium to Taylor Morrison's latest closing price of $58.50 on May 29, 2026.Sheryl Palmer, Taylor Morrison's Chairman and Chief Executive Officer, said, "Joining Berkshire Hathaway is a once-in-a-lifetime opportunity to propel Taylor Morrison into its next, and most exciting, chapter, supported by Berkshire's unmatched capital strength and long-term investment philosophy. This transaction is a testament to the value of Taylor Morrison's talented team members, trusted brand, community-minded development approach, and diversified portfolio. Over the last 13 years as a public company, we built a track record of strategic growth—expanding our geographic footprint, integrating acquisitions with discipline, and deepening our competitive strengths across procurement, brand, and customer experience. Berkshire Hathaway's long-term orientation is uniquely well-suited to the multi-year investment cycle of homebuilding, and this combination will allow us to scale the Taylor Morrison platform in ways that would not be possible as a standalone company. I am deeply grateful to our stockholders for the confidence they have placed in Taylor Morrison over the past 13 years, and I could not be more excited about what this next chapter holds for our dedicated team members and partners who make this company extraordinary every day.""Berkshire is acquiring a best-in-class national homebuilder, led by an exceptional team and backed by a trusted reputation for customer experience," said Greg Abel, Berkshire Hathaway's Chief Executive Officer. "We are excited to welcome Taylor Morrison into Berkshire's portfolio, reflecting our long-standing commitment to housing, exemplified by Clayton Homes and our other building products businesses. Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans."Taylor Morrison is a leading national community developer and homebuilder with over 350 communities concentrated in prime locations across 21 markets in 12 states. The company serves a diverse range of homebuyers in the entry-level, move-up, and resort lifestyle segments under its Taylor Morrison and Esplanade brands and develops rental communities under its Yardly brand. It also provides financial services to its customers, including mortgage, title and escrow, and homeowners' insurance.  Upon completion of the acquisition, Taylor Morrison will continue to be led by Taylor Morrison's existing management team, including Chief Executive Officer Sheryl Palmer.Transaction Details The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Taylor Morrison stockholders and receipt of required regulatory approvals. Upon completion of the transaction, Taylor Morrison Home Corporation will become a private company and its common stock will no longer be listed and traded on the NYSE.Goldman Sachs & Co. LLC and Moelis & Company LLC are serving as financial advisors, Simpson Thacher & Bartlett LLP is serving as legal advisor, and Mayer Brown LLP is serving as financial services regulatory counsel to Taylor Morrison. About Berkshire Hathaway Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.About Taylor Morrison Headquartered in Scottsdale, Arizona, Taylor Morrison (NYSE: TMHC) is one of the nation's leading community developers and homebuilders. It serves entry-level, move-up, and resort lifestyle homebuyers and renters under its family of brands—including Taylor Morrison, Esplanade, and Yardly. Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research since 2016, was honored as one of Fortune's World's Most Admired Companies in 2026, and on Forbes' Most Trusted and Best Companies in America lists in 2025.Cautionary Statement Regarding Forward Looking StatementsThis communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include, but are not limited to, statements concerning Taylor Morrison's expectations, plans, intentions, strategies or prospects with respect to the proposed Merger. These statements are often identified by the use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "hope," "hopeful," "likely," "may," "optimistic," "possible," "potential," "preliminary," "project," "should," "will," "would" or the negative or plural of these words or similar expressions or variations. Forward-looking statements are made based upon management's current expectations and beliefs and are not guarantees of future performance. Such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by the forward-looking statements. These factors include, among others: (i) the ability of the parties to complete the proposed transaction on the anticipated terms and timing, or at all, (ii) the satisfaction or waiver of other conditions to the completion of the proposed transaction, including obtaining required shareholder and regulatory approvals; (iii) the risk that Taylor Morrison's stock price may fluctuate during the pendency of the proposed transaction and may decline if the proposed transaction is not completed; (iv) potential litigation relating to the proposed transaction that could be instituted against the Company or its directors or officers, including the delay, expense or other effects of any outcomes related thereto; (v) the risk that disruptions from the proposed transaction will harm Taylor Morrison's business, including current plans and operations, including during the pendency of the proposed transaction; (vi) the ability of Taylor Morrison to retain, motivate, and hire key personnel; (vii) the diversion of management's time and attention from ordinary course business operations to completion of the proposed transaction and integration matters; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the proposed transaction; (ix) legislative, regulatory and economic developments; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Taylor Morrison's financial performance; (xi) certain restrictions during the pendency of the proposed transaction that may impact Taylor Morrison's ability to pursue certain business opportunities or strategic transactions; (xii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or global pandemics, as well as management's response to any of the aforementioned factors; (xiii) the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiv) unexpected costs, liabilities or delays associated with the transaction; (xv) the response of competitors to the transaction; (xvi) the occurrence of any event, change or other circumstance that could give rise to the termination of the proposed transaction, including in circumstances requiring Taylor Morrison to pay a termination fee; and (xvii) other risks set forth under the heading "Risk Factors," of Taylor Morrison's Annual Report on Form 10-K for the year ended December 31, 2025 and in Taylor Morrison's subsequent filings with the Securities and Exchange Commission ("SEC"). You should not rely upon forward-looking statements as predictions of future events. Actual results and outcomes could differ materially from the results described in or implied by such forward-looking statements. Forward-looking statements speak only as of the date hereof, and, except as required by law, Taylor Morrison undertakes no obligation to update or revise these forward-looking statements.Additional Information and Where to Find ItThis communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed acquisition of Taylor Morrison by Berkshire Hathaway. In connection with this proposed acquisition, Taylor Morrison plans to file one or more proxy statements or other documents with the SEC. This communication is not a substitute for any proxy statement or other document that Taylor Morrison may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF TAYLOR MORRISON ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Any definitive proxy statement(s) (if and when available) will be mailed to stockholders of Taylor Morrison. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Taylor Morrison through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Taylor Morrison will be available free of charge on the Investor Relations portion of Taylor Morrison's internet website at www.taylormorrison.com or upon written request to: Investor Relations, Taylor Morrison Home Corporation, 4900 N. Scottsdale Road, Suite 2000, Scottsdale, Arizona 85251, or by email at investor@taylormorrison.com.Participants in the SolicitationTaylor Morrison, its directors and certain of its executive officers may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of Taylor Morrison is set forth in its Proxy Statement on Schedule 14A for its 2026 annual meeting of stockholders (the "2026 Proxy"), which was filed with the SEC on April 10, 2026. To the extent that holdings of Taylor Morrison's securities by its directors or executive officers have changed since the amounts set forth in the 2026 Proxy for its 2026 annual meeting of stockholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement relating to the proposed transaction and other relevant materials to be filed with the SEC when they become available. These documents can be obtained free of charge from the sources indicated above. Contacts:Berkshire Hathaway
Marc D. Hamburg
Charles C. Chang
(402) 346-1400Taylor Morrison
Investors:
Mackenzie Aron
(407) 906-6262
investor @GAPHAZ
media@taylormorrison.com View original content:https://www.prnewswire.com/news-releases/berkshire-hathaway-to-acquire-taylor-morrison-home-corporation-for-8-5-billion-302786507.htmlSOURCE Taylor Morrison Home Corporation Original: Berkshire Hathaway to Acquire Taylor Morrison Home Corporation for $8.5 Billion

Taylor Morrison is Certified™ by Great Place To Work® for the Second Consecutive YearMay 27, 2026 6:03 AM
PR Newswire (US) 92% of team members agree Taylor Morrison is a Great Place to Work®, far exceeding the 57% average at typical U.S. companiesSCOTTSDALE, Ariz., May 27, 2026 /PRNewswire/ -- For the second consecutive year, America's Most Trusted® Home Builder Taylor Morrison (NYSE: TMHC) has been Certified™ as a Great Place To Work®. Based solely on employee participation and their anonymous, sincere feedback about the Taylor Morrison workplace, this distinguished award showcases the homebuilder's unparalleled internal culture. For a company overview on Taylor Morrison, visit the Great Place to Work® certification profile.Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation."There are so many reasons that make Taylor Morrison a Great Place to Work®, like our culture centered on trust, connection and a shared commitment to giving back," said Taylor Morrison Chairman and CEO Sheryl Palmer. "Homebuilding is such a rewarding industry, but not immune to macro-economic challenges, which makes our team members' feedback even more meaningful as they highlight where we can improve and where we shine."Results from Taylor Morrison team members' anonymous feedback include:92% of team members agree Taylor Morrison is a Great Place to Work®, far exceeding the 57% average at typical U.S. companies.96% of the Taylor Morrison team members reported feeling welcome when joining the company.94% said they're proud to tell others they work for Taylor Morrison.93% said they feel good about the ways Taylor Morrison contributes to the communities in which the Company builds.92% feel Taylor Morrison is a communicative organization and they receive regular updates about what is happening in the Company.91% have a desire to work for Taylor Morrison for a long time.Explore job opportunities at Taylor Morrison Careers site."Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Taylor Morrison stands out as one of the top companies to work for, providing a great workplace environment for its employees."In addition to being Great Place To Work-Certified™, Taylor Morrison holds several additional accolades including being named America's Most Trusted® Home Builder, Forbes' Most Trusted and Best Companies in America lists, Newsweek's America's Most Responsible Companies and America's Greenest Companies lists, U.S. News & World Report's Best Companies to Work For list, the American Opportunity Index, Hearthstone's 2021 BUILDER Humanitarian Award, inclusion on the Fortune 500 list since 2021, as well as Fortune Media's 2025 Best Workplaces in Construction™ and Best Workplaces for Women™ lists.About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison®, Esplanade ®and Yardly™. From 2016-2026, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research.2 Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.For more information about Taylor Morrison, please visit www.taylormorrison.com.About Great Place to Work Certification™
Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.About Great Place To Work®
As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.Learn more at greatplacetowork.com and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram.CONTACT: Media@taylormorrison.com View original content to download multimedia:https://www.prnewswire.com/news-releases/taylor-morrison-is-certified-by-great-place-to-work-for-the-second-consecutive-year-302782590.htmlSOURCE Taylor Morrison Original: Taylor Morrison is Certified™ by Great Place To Work® for the Second Consecutive Year

Taylor Morrison Reports First Quarter 2026 ResultsApril 22, 2026 6:15 AM
PR Newswire (US)

SCOTTSDALE, Ariz., April 22, 2026 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national community developer and homebuilder, announced results for the first quarter ended March 31, 2026. For the first quarter, reported net income was $99 million, or $1.01 per diluted share, while adjusted net income was $109 million, or $1.12 per diluted share.







First Quarter 2026 HighlightsHome closings revenue of $1.3 billion2,268 closings at an average sales price of $578,000Home closings gross margin of 20.0%; adjusted home closings gross margin of 20.6%SG&A ratio of 11.4% of home closings revenueNet sales orders of 2,914 at an average selling price of $603,000Monthly net sales pace of 2.7 per communitySales order backlog of 3,465 homes with a sales value of $2.3 billion75,626 homebuilding lots owned and controlled; 51% controlled off balance sheetHomebuilding land and development investment of $503 millionRepurchased approximately 2.5 million common shares for $150 millionTotal liquidity of approximately $1.6 billion, inclusive of $653 million of cash"Our first quarter results reflected the effectiveness of our diversified strategy, the quality of our core locations, and the disciplined execution of our teams. We delivered 2,268 homes at an average price of $578,000 and an adjusted home closings gross margin of 20.6%, driving adjusted earnings per diluted share of $1.12 and 11% year-over-year growth in our book value per share to $64. On the capital front, we invested $503 million in land and development and $150 million in share repurchases and ended the quarter with $1.6 billion in liquidity," said Sheryl Palmer, Taylor Morrison Chairman and CEO.Palmer continued, "Encouragingly, our first quarter sales were achieved with a significant increase in the mix of to-be-built orders to 38% from 28% in the fourth quarter, a more than 100 basis point sequential reduction in incentives, and a 30% decline in our finished spec count to 863 homes. With net orders outpacing closings, our backlog grew 23% sequentially to 3,465 homes. We believe our diversification across consumer segments remains a critical driver of our results relative to the broader market. In particular, our resort lifestyle segment provided a strong source of differentiated sales success during the quarter as the only consumer segment to grow year over year, driven by a 9% increase in Esplanade sales. Supported by the underlying strength of our strategy, we are reaffirming our full-year 2026 guidance across all key metrics, despite the evolving market backdrop.""Our strategic priorities center on a refocusing of our expertise in the discerning entry-level, move-up and resort lifestyle segments, with land investments focused on well-located, core submarkets that best align with our product offerings and target consumer groups. Tactically, we are focused on continuing to rebuild our backlog with ongoing normalization in our sales mix, managing our starts cadence, and ensuring the more than 125 new communities we have slated for the year open with strong momentum. We believe these priorities are laying the groundwork for a meaningful reacceleration in growth in 2027 and beyond while positioning our portfolio to generate attractive long-term returns for our shareholders."Business Outlook
The Company is providing the following guidance for the second quarter and full year 2026:
Second Quarter 2026
Full Year 2026Ending Community CountAround 370
Between 365 to 370Home ClosingsBetween 2,500 to 2,600
Approximately 11,000Average Closing PriceApproximately $575,000
Between $580,000 to $590,000Home Closings Gross Margin1(excluding any inventory-related charges)At least 20%
Not providedSG&A as a Percentage of Home Closings Revenue     Not provided
Mid-10% rangeEffective Tax RateApproximately 25.5%
Approximately 25.0%Average Diluted Share CountApproximately 95 million
Approximately 95 millionHomebuilding Land InvestmentNot provided
Approximately $2 billionShare RepurchasesNot provided
Approximately $400 million(1)A reconciliation of our forward-looking adjusted home closings gross margin to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted.First Quarter Business HighlightsAll comparisons are of the current quarter to the prior-year quarter, unless indicated.Homebuilding Home closings revenue decreased approximately 28% to $1.3 billion, driven by an approximately 26% decline in closings volume to 2,268 homes and an approximately 4% decrease in average closing price to $578,000.Home closings gross margin was 20.0% on a reported basis and 20.6% on an adjusted basis, excluding $8.2 million of inventory impairment charges.Net sales orders decreased approximately 14% to 2,914 at an average selling price of $603,000, up approximately 2% year over year. The monthly sales pace was 2.7 per community, up from 2.4 in the fourth quarter of 2025 but down from 3.3 in the first quarter of 2025.Ending active selling communities were 356, up 4% year over year.The cancellation rate was 10.0% of gross orders, compared to 11.0% a year ago.SG&A as a percentage of home closings revenue increased to 11.4% from 9.7% a year ago, as the reduction in SG&A dollar spend was offset by lower home closings revenue.Backlog at quarter end was 3,465 homes, up 23% sequentially from 2,819 homes at year end 2025. Backlog customer deposits averaged approximately $45,000 per home.Land PortfolioHomebuilding land and development investment totaled $503 million in the first quarter of 2026, inclusive of $224 million for land development, as compared to $469 million in the first quarter of 2025, inclusive of $218 million for land development.Homebuilding lot supply was 75,626 homesites at quarter end, of which 51% was controlled off balance sheet. This compared to total homesites of 86,266 in the first quarter of 2025, of which 59% was controlled, and 78,835 at year end 2025, of which 54% was controlled.Based on trailing twelve-month home closings, total homebuilding lots represented 6.2 years of supply, of which 3.0 years was owned. This compared to 6.5 years of supply and 2.7 years owned in the first quarter of 2025.Financial ServicesThe mortgage capture rate was 88%, stable compared to a year ago.Borrowers had an average credit score of 750, average household income of approximately $181,000, and average loan-to-value ratio of 80%.Balance SheetAt quarter end, total liquidity was approximately $1.6 billion, inclusive of $653 million of cash and $905 million of available capacity on the Company's revolving credit facility.The gross homebuilding debt-to-capital ratio was 26.6% and the net homebuilding debt-to-capital ratio was 20.5%.The Company repurchased approximately 2.5 million shares at an average price of approximately $61 per share during the first quarter. As of quarter end, $863 million remained available under the Company's $1 billion repurchase authorization, which expires in December 2027.Earnings Webcast Taylor Morrison will hold a webcast to discuss its results today at 8:30 a.m. ET. A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab. At least 10 minutes prior to the webcast start time, participants are asked to register for the event here. The webcast will be recorded and available for replay on the Company's website.Quarterly Financial Comparison(Dollars in thousands)Q1 2026
Q1 2025
Q1 2026 vs. Q1 2025Total Revenue$     1,387,092
$     1,896,019
(26.8) %Home Closings Revenue, net$     1,311,421
$     1,830,068
(28.3) %Home Closings Gross Margin$        261,721
$        438,708
(40.3) %
20.0 %
24.0 %
400 bps decreaseAdjusted Home Closings Gross Margin     $        269,903
$        453,586
(40.5) %
20.6 %
24.8 %
420 bps decreaseSG&A$        148,847
$        176,624
(15.7) %% of Home Closings Revenue11.4 %
9.7 %
170 bps increaseAbout Taylor Morrison Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research since 2016, was honored as one of Fortune's World's Most Admired Companies in 2026, and on Forbes' Most Trusted and Best Companies in America lists in 2025. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.For more information about Taylor Morrison, please visit www.taylormorrison.com.Forward-Looking Statements This earnings summary includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words ""anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.Such risks, uncertainties and other factors include, among other things: inflation or deflation; changes in general and local economic conditions; slowdowns or severe downturns in the housing market; homebuyers' ability to obtain suitable financing; increases in interest rates, taxes or government fees; shortages in, disruptions of and cost of labor; higher cancellation rates of existing agreements of sale; competition in our industry; any increase in unemployment or underemployment; the seasonality of our business; the physical impacts of climate change and the increased focus by third-parties on sustainability issues; our ability to obtain additional performance, payment and completion surety bonds and letters of credit; significant home warranty and construction defect claims; our reliance on subcontractors; failure to manage land acquisitions, inventory and development and construction processes; failure to develop and maintain relationships with suitable land banks; availability of land and lots at competitive prices; decreases in the market value of our land inventory; new or changing government regulations, policy initiatives and legal challenges; our compliance with environmental laws and regulations regarding climate change; our ability to sell mortgages we originate and claims on loans sold to third parties; governmental regulation applicable to our financial services and title services business; the loss of any of our important commercial lender relationships; our ability to use deferred tax assets; raw materials and building supply shortages and price fluctuations, including as a result of tariffs; our concentration of significant operations in certain geographic areas; risks associated with our unconsolidated joint venture arrangements; information technology failures and data security breaches; costs to engage in and the success of future growth or expansion of our operations or acquisitions or disposals of businesses; costs associated with our defined benefit and defined contribution pension schemes; damages associated with any major health and safety incident; our ownership, leasing or occupation of land and the use of hazardous materials; existing or future litigation, arbitration or other claims; negative publicity or poor relations with the residents of our communities; failure to recruit, retain and develop highly skilled, competent people; utility and resource shortages or rate fluctuations; constriction of the capital markets; risks related to instability in the banking system; risks associated with civil unrest, acts of terrorism, threats to national security, the conflicts in Eastern Europe and the Middle East and other geopolitical events; the scale and scope of current and future public health events, including pandemics and epidemics; any failure of lawmakers to agree on a budget or appropriation legislation to fund the federal government's operations (also known as a government shutdown), and financial markets' and businesses' reactions to any such failure; risks related to our substantial debt and the agreements governing such debt, including restrictive covenants contained in such agreements; our ability to access the capital markets; the risks associated with maintaining effective internal controls over financial reporting; provisions in our charter and bylaws that may delay or prevent an acquisition by a third party; and our ability to effectively manage our expanded operations.In addition, other such risks and uncertainties may be found in our most recent annual report on Form 10-K and our subsequent quarterly reports filed with the Securities and Exchange Commission (SEC) as such factors may be updated from time to time in our periodic filings with the SEC. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations, except as required by applicable law.Taylor Morrison Home Corporation Condensed Consolidated Statements of Operations (In thousands, except per share amounts, unaudited)
Three Months Ended
March 31,
2026
2025Home closings revenue, net$    1,311,421
$    1,830,068Land closings revenue14,479
4,261Financial services revenue, net49,264
51,193Amenity and other revenue11,928
10,497Total revenue1,387,092
1,896,019Cost of home closings1,049,700
1,391,360Cost of land closings12,002
3,489Financial services expenses24,451
28,321Amenity and other expenses10,301
9,575Total cost of revenue1,096,454
1,432,745Gross margin290,638
463,274Sales, commissions and other marketing costs89,876
109,076General and administrative expenses58,971
67,548Net income from unconsolidated entities(2,877)
(1,975)Interest expense, net11,155
8,499Other expense, net2,831
1,557Income before income taxes130,682
278,569Income tax provision30,253
64,838Net income before allocation to non-controlling interests     100,429
213,731Net income attributable to non-controlling interests(1,804)
(265)Net income$       98,625
$      213,466Earnings per common share:


Basic$           1.03
$            2.11Diluted$           1.01
$            2.07Weighted average number of shares of common stock:


Basic96,033
101,245Diluted97,530
103,017
Taylor Morrison Home Corporation Condensed Consolidated Balance Sheets (In thousands, unaudited)
March 31,
2026
December 31,
2025Assets


Cash and cash equivalents$          652,933
$          850,037Restricted cash500
1,194Total cash653,433
851,231Owned inventory6,138,036
6,046,468Consolidated real estate not owned100,527
94,195Total real estate inventory6,238,563
6,140,663Land deposits388,277
360,690Mortgage loans held for sale139,001
132,512Lease right of use assets63,073
60,800Prepaid expenses and other assets, net530,473
566,670Other receivables, net269,835
241,678Investments in unconsolidated entities483,011
486,978Deferred tax assets, net74,363
74,363Property and equipment, net268,773
259,015Goodwill663,197
663,197Total assets$        9,771,999
$        9,837,797Liabilities and stockholders' equity


Accounts payable$           255,352
$           251,641Accrued expenses and other liabilities586,138
682,500Lease liabilities72,822
71,525Income taxes payable8,333
8,146Customer deposits154,527
125,029Estimated development liabilities4,365
4,365Senior notes, net1,463,865
1,463,333Loans payable and other borrowings787,061
745,169Revolving credit facility borrowings—
—Mortgage warehouse facilities borrowings90,855
82,605Liabilities attributable to consolidated real estate not owned     100,527
94,195Total liabilities$        3,523,845
$        3,528,508



Total stockholders' equity6,248,154
6,309,289Total liabilities and stockholders' equity$        9,771,999
$        9,837,797
Homes Closed and Home Closings Revenue, Net: 
Three Months Ended March 31,
Homes Closed
Home Closings Revenue, Net
Average Selling Price(Dollars in thousands)     2026
2025
Change
2026
2025
Change
2026
2025
ChangeEast869
1,110
(21.7) %
$      469,061
$      625,714
(25.0) %
$   540
$   564
(4.3 %)Central558
883
(36.8) %
271,158
477,494
(43.2) %
486
541
(10.2) %West841
1,055
(20.3 %)
571,202
726,860
(21.4) %
679
689
(1.5) %Total2,268
3,048
(25.6) %
$   1,311,421
$   1,830,068
(28.3) %
$   578
$   600
(3.7) %
Net Sales Orders: 
Three Months Ended March 31,
Net Sales Orders
Sales Value
Average Selling Price(Dollars in thousands)     2026
2025
Change
2026
2025
Change
2026
2025
ChangeEast1,155
1,391
(17.0) %
$      652,435
$      721,027
(9.5 %)
$   565
$   518
9.1 %Central736
867
(15.1 %)
342,865
449,363
(23.7 %)
466
518
(10.0) %West1,023
1,116
(8.3 %)
762,348
828,905
(8.0 %)
745
743
0.3 %Total2,914
3,374
(13.6 %)
$   1,757,648
$   1,999,295
(12.1 %)
$   603
$   593
1.7 %
Sales Order Backlog: 
As of March 31,
Sold Homes in Backlog
Sales Value
Average Selling Price(Dollars in thousands)     2026
2025
Change
2026
2025
Change
2026
2025
ChangeEast1,432
2,018
(29.0) %
$      930,791
$   1,286,197
(27.6) %
$   650
$   637
2.0 %Central675
1,082
(37.6) %
358,424
640,443
(44.0) %
531
592
(10.3) %West1,358
1,968
(31.0 %)
1,013,612
1,434,734
(29.4 %)
746
729
2.3 %Total3,465
5,068
(31.6) %
$   2,302,827
$   3,361,374
(31.5) %
$   665
$   663
0.3 %
Ending Active Selling Communities: 
As of March 31,
Change
2026
2025

East148
137
8.0 %Central     97
94
3.2 %West111
113
(1.8 %)Total356
344
3.5 %Reconciliation of Non-GAAP Financial Measures In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP"), we provide our investors with supplemental information relating to: (i) adjusted net income and adjusted earnings per common share, (ii) adjusted income before income taxes and related margin, (iii) adjusted home closings gross margin, (iv) EBITDA and adjusted EBITDA and (v) net homebuilding debt to capitalization ratio.Adjusted net income, adjusted earnings per common share and adjusted income before income taxes and related margin are non-GAAP financial measures that reflect the net income/(loss) available to the Company excluding, to the extent applicable in a given period, the impact of real estate and inventory impairment charges, impairment of investment in unconsolidated entities, pre-acquisition abandonment charges, unique and unusual warranty charges, gains/losses on land transfers to joint ventures, extinguishment of debt, net, and legal reserves or settlements that the Company deems not to be in the ordinary course of business and in the case of adjusted net income and adjusted earnings per common share, the tax impact due to such items. Adjusted home closings gross margin is a non-GAAP financial measure calculated as GAAP home closings gross margin (which is inclusive of capitalized interest), excluding inventory impairment charges and unique and unusual warranty charges. EBITDA and adjusted EBITDA are non-GAAP financial measures that measure performance by adjusting net income before allocation to non-controlling interests to exclude, as applicable, interest expense/(income), net, amortization of capitalized interest, income tax provisions, depreciation and amortization (EBITDA), non-cash compensation expense, if any, real estate and inventory impairment charges, impairment of investments in unconsolidated entities, pre-acquisition abandonment charges, unique and unusual warranty charges, gains/losses on land transfers to joint ventures, extinguishment of debt, net and legal reserves or settlements that the Company deems not to be in the ordinary course of business, in each case, as applicable in a given period. Net homebuilding debt to capitalization ratio is a non-GAAP financial measure we calculate by dividing (i) total debt, plus unamortized debt issuance cost/(premium), net, and less mortgage warehouse facilities borrowings, net of unrestricted cash and cash equivalents ("net homebuilding debt"), by (ii) total capitalization (the sum of net homebuilding debt and total stockholders' equity).Management uses these non-GAAP financial measures to evaluate our performance on a consolidated basis, as well as the performance of our segments, and to set targets for performance-based compensation.  We also use the net homebuilding debt to total capitalization ratio as an indicator of overall financial leverage and to evaluate our performance against other companies in the homebuilding industry.  In the future, we may include additional adjustments in the above-described non-GAAP financial measures to the extent we deem them appropriate and useful to management and investors.We believe that adjusted net income, adjusted earnings per common share, adjusted income before income taxes and related margin, as well as EBITDA and adjusted EBITDA, are useful for investors in order to allow them to evaluate our operations without the effects of various items we do not believe are characteristic of our ongoing operations or performance and also because such metrics assist both investors and management in analyzing and benchmarking the performance and value of our business. Adjusted EBITDA also provides an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, or unusual items. Because we use the net homebuilding debt to total capitalization ratio to evaluate our performance against other companies in the homebuilding industry, we believe this measure is also relevant and useful to investors for that reason. We believe that adjusted home closings gross margin is useful to investors because it allows investors to evaluate the performance of our homebuilding operations without the varying effects of items or transactions we do not believe are characteristic of our ongoing operations or performance.These non-GAAP financial measures should be considered in addition to, rather than as a substitute for, the comparable U.S. GAAP financial measures of our operating performance or liquidity. Although other companies in the homebuilding industry may report similar information, their definitions may differ. We urge investors to understand the methods used by other companies to calculate similarly-titled non-GAAP financial measures before comparing their measures to ours.A reconciliation of (i) adjusted net income and adjusted earnings per common share, (ii) adjusted income before income taxes and related margin, (iii) adjusted home closings gross margin, (iv) EBITDA and adjusted EBITDA and (v) net homebuilding debt to capitalization ratio to the comparable GAAP measures is presented below. For purposes of our presentation of our non-GAAP financial measures for the three months ended March 31, 2025, such measures have been recast to include certain adjustments being presented in the three months ended March 31, 2026 that were previously deemed immaterial in the prior period.  
Adjusted Net Income and Adjusted Earnings Per Common Share
Three Months Ended March 31,(Dollars in thousands, except per share data)2026
2025Net income$         98,625
$       213,466Inventory impairment charges8,182
14,878Pre-acquisition abandonment charges5,591
927Tax impact of non-GAAP reconciling items(3,189)
(3,679)Adjusted net income$       109,209
$       225,592Basic weighted average number of shares96,033
101,245Adjusted earnings per common share - Basic$             1.14
$             2.23Diluted weighted average number of shares97,530
103,017Adjusted earnings per common share - Diluted     $             1.12
$             2.19
Adjusted Income Before Income Taxes and Related Margin
Three Months Ended March 31,(Dollars in thousands)2026
2025Income before income taxes$      130,682
$      278,569Inventory impairment charges8,182
14,878Pre-acquisition abandonment charges5,591
927Adjusted income before income taxes$      144,455
$      294,374Total revenue$   1,387,092
$   1,896,019Income before income taxes margin9.4 %
14.7 %Adjusted income before income taxes margin     10.4 %
15.5 %
Adjusted Home Closings Gross Margin
Three Months Ended March 31,(Dollars in thousands)2026
2025Home closings revenue, net$   1,311,421
$   1,830,068Cost of home closings1,049,700
1,391,360Home closings gross margin$      261,721
$      438,708Inventory impairment charges8,182
14,878Adjusted home closings gross margin$      269,903
$      453,586Home closings gross margin as a percentage of home closings revenue20.0 %
24.0 %Adjusted home closings gross margin as a percentage of home closings revenue     20.6 %
24.8 %
EBITDA and Adjusted EBITDA Reconciliation
Three Months Ended
March 31,(Dollars in thousands)2026
2025Net income before allocation to non-controlling interests$      100,429
$      213,731Interest expense, net11,155
8,499Amortization of capitalized interest18,672
24,773Income tax provision30,253
64,838Depreciation and amortization2,535
1,696EBITDA$      163,044
$      313,537Non-cash compensation expense6,560
7,785Inventory impairment charges8,182
14,878Pre-acquisition abandonment charges5,591
927Adjusted EBITDA$      183,377
$      337,127Total revenue$   1,387,092
$   1,896,019Net income before allocation to non-controlling interests as a percentage of total revenue     7.2 %
11.3 %EBITDA as a percentage of total revenue11.8 %
16.5 %Adjusted EBITDA as a percentage of total revenue13.2 %
17.8 %
Debt to Capitalization Ratios Reconciliation(Dollars in thousands)As of
March 31, 2026
As of
December 31, 2025
As of
March 31, 2025Total debt$       2,341,781
$       2,291,107
$       2,083,599Plus: unamortized debt issuance cost, net11,135
11,667
6,177Less: mortgage warehouse facilities borrowings(90,855)
(82,605)
(175,741)Total homebuilding debt$       2,262,061
$       2,220,169
$       1,914,035Total stockholders' equity6,248,154
6,309,289
5,957,524Total capitalization$       8,510,215
$       8,529,458
$       7,871,559Total homebuilding debt to capitalization ratio     26.6 %
26.0 %
24.3 %Total homebuilding debt$       2,262,061
$       2,220,169
$       1,914,035Less: cash and cash equivalents(652,933)
(850,037)
(377,815)Net homebuilding debt$       1,609,128
$       1,370,132
$       1,536,220Total stockholders' equity6,248,154
6,309,289
5,957,524Total capitalization$       7,857,282
$       7,679,421
$       7,493,744Net homebuilding debt to capitalization ratio20.5 %
17.8 %
20.5 %CONTACT:
Mackenzie Aron
Vice President, Investor Relations
(407) 906-6262
investor@taylormorrison.com 



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Original: Taylor Morrison Reports First Quarter 2026 Results

Taylor Morrison and Liquid Death Partner to Create the Ultimate Home Luxury: Soda-Flavored Sparkling Water Flowing from Every FaucetMarch 31, 2026 12:00 PM
PR Newswire (US)

One winner will score a new Taylor Morrison home with plumbing connected to deliver Liquid Death from every water fixtureSCOTTSDALE, Ariz., March 31, 2026 /PRNewswire/ -- America's Most Trusted® Home Builder, Taylor Morrison (NYSE: TMHC), and Liquid Death, one of the fastest-growing non-alcoholic beverage brands of all time, are partnering to introduce the first-ever home to feature custom plumbing that delivers Liquid Death Soda-Flavored Sparkling Water from every water fixture—and one lucky winner could call it home.1







Check out the Taylor Morrison x Liquid Death collaboration video."Consumers don't respond to flat marketing, or flat soda for that matter," said Taylor Morrison Chief Marketing and Communications Officer Stephanie McCarty. "This partnership is unexpected by design. Once you see Liquid Death flowing through a Taylor Morrison home, you're not just going to want the drink in your house, you're going to want the house, too!"One winner will enjoy a brand-new, move-in-ready Taylor Morrison home available in select markets that includes the ultimate home luxury: Liquid Death Soda-Flavored Sparkling Water flowing from all water faucets in the house, including every sink, showerhead, bathtub, pot filler and garden hose on the property."There is only one thing that could possibly improve a Taylor Morrison home—and that's Liquid Death soda-flavored sparkling water coming out of every faucet," said Dan Murphy, SVP of Marketing at Liquid Death. "We're stoked to partner with them so one lucky person can move into this dream home."How to enter: Purchase Liquid Death in-stores or online at Amazon. Keep the physical receipt and follow the process at liquiddeath.com/killerhouse. Every can of Liquid Death purchased is one entry for a chance to win.Tour any of Taylor Morrison's 350+ communities and scan a QR code for five entries for a chance to win. To find a Taylor Morrison community near you, visit: https://www.taylormorrison.com/Entries close on June 30, 2026.About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison®, Esplanade ®and Yardly™. From 2016-2026, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research.2 Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.For more information about Taylor Morrison, please visit www.taylormorrison.com.About Liquid Death
As one of the fastest growing non-alcoholic beverage brands, Liquid Death uses comedy and entertainment to make health and sustainability 50 times more fun. We take low-calorie beverages and package them into infinitely recyclable cans that compete with the fun marketing of unhealthy brands across beer and junk food. Our product lines include mountain water, soda-flavored sparkling water, iced tea, and energy. We donate a portion of our proceeds to help kill plastic pollution. For more information on Liquid Death, please visit liquiddeath.com.1 See Official Rules at liquiddeath.com/killerhouse for additional information on select markets and alternative cash prize equivalent.
2 Taylor Morrison received the highest numerical score in the proprietary Lifestory Research 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025 and 2026 America's Most Trusted® Home Builder study. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.CONTACT:
media@taylormorrison.com 










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Original: Taylor Morrison and Liquid Death Partner to Create the Ultimate Home Luxury: Soda-Flavored Sparkling Water Flowing from Every Faucet

Taylor Morrison Announces Date for First Quarter 2026 Earnings Release and Webcast Conference CallMarch 25, 2026 6:55 AM
PR Newswire (US)

SCOTTSDALE, Ariz., March 25, 2026 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its first quarter 2026 results before the market opens on Wednesday, April 22, 2026. Taylor Morrison will hold a webcast conference call to discuss its results the same day at 8:30 a.m. ET.







A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab. At least 10 minutes prior to the webcast start time, participants are asked to register for the event here. The webcast will be recorded and available for replay on the Company's website.Taylor Morrison's filings will be available on the Company's website or with the SEC at sec.gov.About Taylor MorrisonHeadquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. Since 2016, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. For more information about Taylor Morrison, please visit www.taylormorrison.com.CONTACT:
Mackenzie Aron
VP, Investor Relations 
(407) 906-6262
investor@taylormorrison.com



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Original: Taylor Morrison Announces Date for First Quarter 2026 Earnings Release and Webcast Conference Call

I'm guessing Mr. Merritt is the only one with morals at this company, seems odd that Palmer is just gonna reduce the size of the board so only the "yes ma'm board members remain. Sleezyness at its best. I could be wrong and only time will tell.

Taylor Morrison Celebrates Women in Construction Week by Spotlighting Team MembersMarch 5, 2026 6:03 AM
PR Newswire (US)

America's Most Trusted® Home Builder continues to break new ground for women in the homebuilding industry SCOTTSDALE, Ariz., March 5, 2026 /PRNewswire/ -- America's Most Trusted® Home Builder, Taylor Morrison (NYSE: TMHC), continues to break new ground for women in the construction industry. Taylor Morrison is honoring Women in Construction Week, recognized March 1-7, by featuring women in construction roles, their experiences, their advice to others, and reporting new workforce statistics.







"With a significant number of the construction industry set to retire in just a few years, it's paramount to pave the way for people from all backgrounds to be open to a rewarding career in construction," said Taylor Morrison Chairman and CEO Sheryl Palmer. "Taylor Morrison is proud to celebrate our talented team members during Women in Construction Week who continue to open doors for the homebuilding industry's future generations."As of March 2026, Taylor Morrison reported the following statistics:Across all markets, Taylor Morrison employs 71 women in construction-specific roles.38 percent of Taylor Morrison's female construction team members are Generation Z and Millennials.Taylor Morrison has 50 percent women in senior leadership roles, and over four times the U.S. construction industry average for women in the workplace.Chairman and CEO Sheryl Palmer remains the only woman to lead a publicly traded homebuilder since 2007.Taylor Morrison's Women in Construction Features and Advice: Kaila Perrault, Build-to-Rent Superintendent in Charlotte, developed an early interest in construction after watching her parents build multiple Jimmy John's franchise locations. With a degree in Project Management, she joined Taylor Morrison's Build-To-Rent Yardly team in 2025 as an intern before being hired as a full-time superintendent. When asked about her career growth and advice for women, Perrault said:"During my first week as an intern, I was overwhelmed by how much I didn't know,' said Perrault. "I quickly learned that you don't need to have all the answers; instead, what matters most is showing up, working hard and embracing the learning process. I've been lucky to grow in a company like Taylor Morrison, where my team encourages me every day and plays a huge part in building my confidence as a young woman in the field."Sarasota-based Permit Coordinator Tess Hughes grew up on construction sites with her dad. She has been in her role at Taylor Morrison for four years, where she works regularly with the county and vendors on permitting documents to maintain construction timelines and assists superintendents in the field with permit questions. "My role challenges me in the best way and constantly motivates me to be more efficient and grow," said Hughes. "As a permit coordinator, I get to learn so much about the building process in addition to engineering, county processes and relationships, and how all the departments in homebuilding come together to create that final product—that dream home."Rose Rodriguez, Senior Division Cadence Manager in the Colorado Division, has 22 years of experience in the homebuilding industry. Her current role revolves around ensuring home building plans are executed, including timely procurement of permits, starting homes on time, and assisting through the build alongside area construction leadership and superintendents. When asked what her advice is for women considering a construction career, she said:"For women interested in joining the construction or homebuilding industry, my biggest piece of advice is to stay curious and step confidently into opportunities, even if they feel a little outside your comfort zone," said Rodriguez. "Our industry is incredibly broad, and there's space for every skill set—whether that's project management, field operations, design, estimating, trades, sales, IT, purchasing, or leadership."About Taylor Morrison
 Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From 2016-2026, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.For more information about Taylor Morrison, please visit www.taylormorrison.com.CONTACT:
Media@taylormorrison.com



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Original: Taylor Morrison Celebrates Women in Construction Week by Spotlighting Team Members

National Homebuilder Swaps Picture Perfect for Real LifeFebruary 18, 2026 6:03 AM
PR Newswire (US)

Taylor Morrison's new brand platform, Homes Built for Real Life, celebrates everyday moments SCOTTSDALE, Ariz., Feb. 18, 2026 /PRNewswire/ -- Real life at home is rarely picture perfect, and Taylor Morrison (NYSE: TMHC), America's Most Trusted® Home Builder, is putting those moments front and center with its newest brand platform, Homes Built for Real Life. Anchored by a series of brand videos, the new platform reflects on why those imperfect, unfiltered moments matter most.







To view Homes Built for Real Life, visit www.taylormorrison.com/homes-built-for-real-life Homes Built for Real Life moves away from idealized portrayals of homeownership and instead spotlights the familiar, often messy moments that define everyday living. From the morning rush to bedtime negotiations, hosting gatherings to finding quiet connection at the end of the day, the platform honors the way people actually live, gather, grow, work, rest and reset."Homes Built for Real life pairs recognizable real-life scenes with unexpected, expressive language—reframing ordinary moments in a way that feels warm, relatable and memorable," said Taylor Morrison Chief Marketing and Communications Officer Stephanie McCarty. "It also reflects what today's buyers are telling us they want: homes that feel human, flexible and designed to support the rhythms of day-to-day life."Key insights informing Homes Built for Real Life include: Millennials, Taylor Morrison's largest buyer demographic, made up roughly 30 percent of social media users in the U.S. in 2025 and are considered the most active group on social media, with nearly 70 percent of the generation using platforms like Instagram, Facebook and TikTok daily1.Gen Z, the second-most active generation on social media, is entering their homebuying years, with Taylor Morrison's Gen Z buyers increasing from six percent in 2024 to 9 percent in 2025.Third-party consumer research conducted on behalf of Taylor Morrison reinforced a clear preference for honest, everyday moments rather than staged or overly polished content.The brand campaign is also rooted in how Taylor Morrison designs its homes. Thoughtful layouts anticipate real routines, with flexible spaces that adapt as needs change, kitchens designed for gathering and hosting, and floor plans that reflect how people naturally move through their day. These design considerations are shaped by ongoing customer research and more than a century of experience building homes for a wide range of consumer demographics.About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. Since 2016, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.For more information about Taylor Morrison, please visit www.taylormorrison.com1 The Social Media Demographics GuideCONTACT:
Media@taylormorrison.com



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Original: National Homebuilder Swaps Picture Perfect for Real Life

Taylor Morrison tops Q4 forecasts, shares gain in early tradeFebruary 11, 2026 10:20 AM
IH Market News
Taylor Morrison Home Corporation (NYSE:TMHC) delivered fourth-quarter results on Wednesday that surpassed analyst expectations, posting solid performance despite a softer housing backdrop.Shares of the homebuilder rose 1.91% in premarket trading following the announcement.The company reported adjusted earnings per share of $1.91, ahead of the $1.73 consensus estimate. Revenue totaled $1.96 billion, slightly exceeding the $1.95 billion forecast, though down 9.7% from $2.17 billion in the same quarter a year earlier.During the quarter, Taylor Morrison closed 3,285 homes at an average selling price of $596,000, reflecting an 8% drop in closings and a 2% decline in pricing compared with the prior year. Even so, the company maintained a gross margin of 21.8% on home closings.“We are pleased to report strong fourth quarter results that met or exceeded our expectations across nearly all key operational metrics, despite continued challenging market conditions,” said Sheryl Palmer, Taylor Morrison Chairman and CEO. “These results concluded a solid year of performance in 2025.”For full-year 2025, the company completed 12,997 home closings, slightly higher than the 12,896 recorded in 2024, with an adjusted gross margin on home closings of 23.0%.Taylor Morrison also improved its cost efficiency, with SG&A expenses declining to 9.5% of home closings revenue, down 40 basis points year over year.Looking ahead to the first quarter of 2026, the company expects to close approximately 2,200 homes at an average price near $580,000, with projected gross margins of around 20%.For the full year 2026, management anticipates approximately 11,000 home closings at average selling prices between $580,000 and $590,000.The Board of Directors expanded the company’s share repurchase authorization to $1 billion and extended the program through December 2027. In 2025, Taylor Morrison bought back 6.5 million shares for $381 million, representing roughly 6% of its diluted shares outstanding at the start of the year.Taylor Morrison Home Corporation stock price

Original: Taylor Morrison tops Q4 forecasts, shares gain in early trade

Taylor Morrison Reports Fourth Quarter and Full Year 2025 ResultsFebruary 11, 2026 6:15 AM
PR Newswire (US)

SCOTTSDALE, Ariz., Feb. 11, 2026 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, reported net income was $174 million, or $1.76 per diluted share, while adjusted net income was $188 million, or $1.91 per diluted share. For the full year, reported net income was $783 million, or $7.77 per diluted share, while adjusted net income was $830 million, or $8.24 per diluted share.







Fourth quarter 2025 highlights: Home closings revenue of $1.96 billion3,285 closings at an average sales price of $596,000Home closings gross margin of 21.8%SG&A ratio of 9.9% of home closings revenueNet sales orders of 2,49978,835 homebuilding lots owned and controlled54% controlled off balance sheetFull year 2025 highlights:Home closings revenue of $7.76 billion12,997 closings at an average sales price of $597,000Home closings gross margin of 22.5% and adjusted home closings gross margin of 23.0%SG&A ratio of 9.5% of home closings revenue, down 40 basis points year over yearNet sales orders of 11,074Total homebuilding land spend of $2.2 billionRepurchased 6.5 million common shares for $381 millionTotal liquidity of $1.8 billion"We are pleased to report strong fourth quarter results that met or exceeded our expectations across nearly all key operational metrics, despite continued challenging market conditions. These results concluded a solid year of performance in 2025, during which we delivered nearly 13,000 homes at an adjusted home closings gross margin of 23.0% and generated 40 basis points of SG&A expense leverage on essentially flat home closings revenue. Coupled with $381 million of share repurchases, these results drove a 13% return on equity and 14% growth in our book value per share. Our resilient performance reflects the strength of our diversified geographic and consumer portfolio and our disciplined focus on strategically balancing pace and price across our portfolio of well-located communities," said Sheryl Palmer, Taylor Morrison Chairman and CEO.Palmer continued, "Supported by strength in our resort lifestyle segment, our fourth quarter monthly absorption pace was stable sequentially at 2.4 net orders per community, defying the average high-single digit moderation we have historically experienced. This positive momentum continued into January, and we are cautiously encouraged by the early activity we are seeing as the spring selling season generally kicks off in full force this week. More so than any other factor, I believe consumer confidence will be the most important determinant of further demand recovery.""We pride ourselves on developing thoughtfully-designed communities in prime locations, often with amenities, and offering a balanced mix of spec and to-be-built home offerings that meet the needs and aspirations of our customers. As we head into 2026, I expect these competitive strengths—our diversification, attractive product offerings and consumer-centric philosophy—to be even more critical to our success as we move forward. With competitive pricing pressures unlikely to meaningfully abate in the foreseeable future and housing fundamentals continuing to evolve, we are taking proactive steps to ensure our portfolio remains well positioned to perform regardless of the market backdrop. These steps include limiting future investments in non-core submarkets while refocusing on our core first-and-second move-up segment, leaning further into the opportunity to expand our differentiated Esplanade resort lifestyle brand and doubling down on innovation across our organization."Business Outlook
The Company is providing the following guidance for the first quarter and full year 2026:
First Quarter 2026
Full Year 2026Ending Community CountAround 360
Between 365 to 370Home ClosingsApproximately 2,200
Approximately 11,000Average Closing PriceApproximately $580,000
Between $580,000 to $590,000Home Closings Gross Margin1(excluding any inventory-related charges)Approximately 20%
Not providedSG&A as a Percentage of Home Closings RevenueNot provided
Mid-10% rangeEffective Tax Rate23.0% to 23.5%
Approximately 25.0%Average Diluted Share CountApproximately 98 million
Approximately 95 millionHomebuilding Land InvestmentNot provided
Approximately $2 billionShare RepurchasesNot provided
Approximately $400 million

(1)A reconciliation of our forward-looking adjusted home closings gross margin to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted.Fourth Quarter Business Highlights All comparisons are of the current quarter to the prior-year quarter, unless indicated.Homebuilding Home closings revenue decreased 10% to $1.96 billion, driven by an 8% decline in closings volume to 3,285 homes and a 2% decrease in average closing price to $596,000.Home closings gross margin was 21.8% on a reported basis in the fourth quarter. For the full year 2025, home closings gross margin was 22.5% on a reported basis and 23.0% adjusted for inventory impairment and certain warranty charges.Net sales orders decreased 5% to 2,499. This was driven by a decline in the monthly absorption pace to 2.4 from 2.6 a year ago, which was partially offset by a 1% increase in ending community count to 341 outlets. As a percentage of beginning backlog, cancellations equaled 9.9%, up from 7.0% a year ago. As a percentage of gross orders, cancellations equaled 12.5%, down from 13.1% a year ago.SG&A as a percentage of home closings revenue increased to 9.9% in the fourth quarter from 9.4% a year ago, as a reduction in selling, general and administration expenses was partially offset by lower home closings volume.Backlog at quarter end was 2,819 homes with a sales value of $1.9 billion. Backlog customer deposits averaged approximately $44,000 per home.Land Portfolio Homebuilding land investment totaled $550 million in the fourth quarter of 2025, inclusive of $213 million for land development, as compared to $590 million in the fourth quarter of 2024, inclusive of $297 million for land development. For the full year, homebuilding land investment totaled approximately $2.2 billion in 2025 as compared to $2.4 billion in 2024.Homebuilding lot supply was 78,835 homesites, of which 54% was controlled off balance sheet. This compared to total homesites of 86,153 at the end of 2024, of which 57% was controlled.Based on trailing twelve-month home closings, total homebuilding lots represented 6.1 years of supply, of which 2.8 years was owned. This compared to 6.6 years of supply and 2.8 years owned at the end of 2024.Financial Services The mortgage capture rate was 88%, down slightly from 89% a year ago.Borrowers had an average credit score of 750 and average debt-to-income ratio of 40%. Balance Sheet At quarter end, total liquidity was approximately $1.8 billion, including $928 million of total available capacity on the Company's revolving credit facility.The gross homebuilding debt-to-capital ratio was 26.0%. Including $850 million of unrestricted cash on hand, the net homebuilding debt-to-capital ratio was 17.8%.The Company repurchased 1.2 million shares for $71 million in the fourth quarter. For the full year 2025, it repurchased a total of 6.5 million shares for $381 million, which represented approximately 6% of its diluted share count at the beginning of the year. Since 2021, the Company has repurchased a total of approximately 39 million shares for $1.5 billion, representing approximately 34% of its shares outstanding.Board of Directors Extends and Increases Stock Repurchase ProgramTaylor Morrison announced today that its Board of Directors has increased the amount available for future repurchases under its stock repurchase program to $1 billion of the Company's common stock. This program expires on December 31, 2027 and replaces the Company's prior share repurchase authorization. Repurchases of the Company's common stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions. Future repurchases under the stock repurchase program are subject to prevailing market conditions and other considerations, including the Company's liquidity, the terms of its debt instruments, planned land investment and development spending, acquisition and other investment opportunities and ongoing capital requirements.Earnings Webcast Taylor Morrison will hold a webcast to discuss its results today at 8:30 a.m. ET. The webcast will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab. At least 10 minutes prior to the webcast start time, participants are asked to register for the event here. The webcast will be recorded and available for replay on the Company's website.Quarterly Financial Comparison(Dollars in thousands)Q4 2025
Q4 2024
Q4 2025 vs. Q4 2024Total Revenue$         2,099,640
$         2,356,489
(10.9 %)Home Closings Revenue$         1,958,357
$         2,169,703
(9.7 %)Home Closings Gross Margin$            426,847
$            537,700
(20.6 %)
21.8 %
24.8 %
300 bps decreaseAdjusted Home Closings Gross Margin$            426,847
$            541,003
(21.1 %)
21.8 %
24.9 %
310 bps decreaseSG&A$            194,622
$            204,258
(4.7 %)% of Home Closings Revenue9.9 %
9.4 %
50 bps increaseAnnual Financial Comparison(Dollars in thousands)2025
2024
2025 vs. 2024Total Revenue$         8,121,480
$         8,168,136
(0.6 %)Home Closings Revenue$         7,755,434
$         7,755,219
— %Home Closings Gross Margin$         1,747,427
$         1,891,476
(7.6 %)
22.5 %
24.4 %
190 bps decreaseAdjusted Home Closings Gross Margin$         1,781,844
$         1,900,168
(6.2 %)
23.0 %
24.5 %
150 bps decreaseSG&A$            734,991
$            770,498
(4.6 %)% of Home Closings Revenue9.5 %
9.9 %
40 bps decreaseAbout Taylor Morrison Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research since 2016, was honored as one of Fortune's World's Most Admired Companies in 2026, and on Forbes' Most Trusted and Best Companies in America lists in 2025. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report.For more information about Taylor Morrison, please visit www.taylormorrison.com.Forward-Looking Statements This earnings summary includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words ""anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.Such risks, uncertainties and other factors include, among other things: inflation or deflation; changes in general and local economic conditions; slowdowns or severe downturns in the housing market; homebuyers' ability to obtain suitable financing; increases in interest rates, taxes or government fees; shortages in, disruptions of and cost of labor; higher cancellation rates of existing agreements of sale; competition in our industry; any increase in unemployment or underemployment; the seasonality of our business; the physical impacts of climate change and the increased focus by third-parties on sustainability issues; our ability to obtain additional performance, payment and completion surety bonds and letters of credit; significant home warranty and construction defect claims; our reliance on subcontractors; failure to manage land acquisitions, inventory and development and construction processes; failure to develop and maintain relationships with suitable land banks; availability of land and lots at competitive prices; decreases in the market value of our land inventory; new or changing government regulations, policy initiatives and legal challenges; our compliance with environmental laws and regulations regarding climate change; our ability to sell mortgages we originate and claims on loans sold to third parties; governmental regulation applicable to our financial services and title services business; the loss of any of our important commercial lender relationships; our ability to use deferred tax assets; raw materials and building supply shortages and price fluctuations, including as a result of tariffs; our concentration of significant operations in certain geographic areas; risks associated with our unconsolidated joint venture arrangements; information technology failures and data security breaches; costs to engage in and the success of future growth or expansion of our operations or acquisitions or disposals of businesses; costs associated with our defined benefit and defined contribution pension schemes; damages associated with any major health and safety incident; our ownership, leasing or occupation of land and the use of hazardous materials; existing or future litigation, arbitration or other claims; negative publicity or poor relations with the residents of our communities; failure to recruit, retain and develop highly skilled, competent people; utility and resource shortages or rate fluctuations; constriction of the capital markets; risks related to instability in the banking system; risks associated with civil unrest, acts of terrorism, threats to national security, the conflicts in Eastern Europe and the Middle East and other geopolitical events; the scale and scope of current and future public health events, including pandemics and epidemics; any failure of lawmakers to agree on a budget or appropriation legislation to fund the federal government's operations (also known as a government shutdown), and financial markets' and businesses' reactions to any such failure; risks related to our substantial debt and the agreements governing such debt, including restrictive covenants contained in such agreements; our ability to access the capital markets; the risks associated with maintaining effective internal controls over financial reporting; provisions in our charter and bylaws that may delay or prevent an acquisition by a third party; and our ability to effectively manage our expanded operations.In addition, other such risks and uncertainties may be found in our most recent annual report on Form 10-K and our subsequent quarterly reports filed with the Securities and Exchange Commission (SEC) as such factors may be updated from time to time in our periodic filings with the SEC. We undertake no duty to update any forward-looking statement, whether as a result of new information, future events or changes in our expectations, except as required by applicable law.Taylor Morrison Home CorporationCondensed Consolidated Statements of Operations(In thousands, except per share amounts, unaudited)

Three Months Ended
December 31,
Twelve Months Ended
December 31,
2025
2024
2025
2024Home closings revenue, net$      1,958,357
$      2,169,703
$      7,755,434
$      7,755,219Land closings revenue26,529
33,138
36,944
81,417Financial services revenue49,367
53,930
209,407
199,459Amenity and other revenue65,387
99,718
119,695
132,041Total revenue2,099,640
2,356,489
8,121,480
8,168,136Cost of home closings1,531,510
1,632,003
6,008,007
5,863,743Cost of land closings25,048
22,694
30,898
73,609Financial services expenses23,851
28,039
104,618
108,592Amenity and other expenses56,406
109,743
107,749
137,980Total cost of revenue1,636,815
1,792,479
6,251,272
6,183,924Gross margin462,825
564,010
1,870,208
1,984,212Sales, commissions and other marketing costs120,594
121,822
461,485
456,092General and administrative expenses74,028
82,436
273,506
314,406Net income from unconsolidated entities(1,313)
(261)
(4,867)
(6,347)Interest expense, net11,911
5,893
47,003
13,316Other expense, net16,465
46,790
37,714
50,627Loss on extinguishment of debt, net 13,324
—
13,324
—Income before income taxes227,816
307,330
1,042,043
1,156,118Income tax provision50,720
63,307
250,780
269,548Net income before allocation to non-controlling interests177,096
244,023
791,263
886,570Net income attributable to non-controlling interests(3,080)
(1,570)
(8,763)
(3,261)Net income$         174,016
$         242,453
$         782,500
$         883,309Earnings per common share:






Basic$               1.79
$               2.35
$               7.90
$               8.43Diluted$               1.76
$               2.30
$               7.77
$               8.27Weighted average number of shares of common stock:






Basic97,106
103,189
99,069
104,813Diluted98,656
105,218
100,707
106,846 Taylor Morrison Home CorporationCondensed Consolidated Balance Sheets(In thousands, unaudited)

December 31,
2025
December 31,
2024Assets


Cash and cash equivalents$                850,037
$                487,151Restricted cash1,194
15Total cash851,231
487,166Owned inventory6,046,468
6,162,889Consolidated real estate not owned94,195
71,195Total real estate inventory6,140,663
6,234,084Land deposits360,690
299,668Mortgage loans held for sale132,512
207,936Lease right of use assets60,800
68,057Prepaid expenses and other assets, net566,670
370,642Other receivables, net241,678
217,703Investments in unconsolidated entities486,978
439,721Deferred tax assets, net74,363
76,248Property and equipment, net259,015
232,709Goodwill663,197
663,197Total assets$             9,837,797
$             9,297,131Liabilities


Accounts payable$                251,641
$                270,266Accrued expenses and other liabilities682,500
632,250Lease liabilities71,525
78,998Income taxes payable8,146
2,243Customer deposits125,029
239,151Estimated development liabilities4,365
4,365Senior notes, net1,463,333
1,470,454Loans payable and other borrowings745,169
475,569Revolving credit facility borrowings—
—Mortgage warehouse borrowings82,605
174,460Liabilities attributable to consolidated real estate not owned94,195
71,195Total liabilities$             3,528,508
$             3,418,951Stockholders' equity


Total stockholders' equity6,309,289
5,878,180Total liabilities and stockholders' equity$             9,837,797
$             9,297,131 Homes Closed and Home Closings Revenue, Net:

Three Months Ended December 31,
Homes Closed
Home Closings Revenue, Net
Average Selling Price(Dollars in thousands)2025
2024
Change
2025
2024
Change
2025
2024
ChangeEast1,376
1,432
(3.9 %)
$       755,740
$       835,590
(9.6 %)
$     549
$     584
(6.0 %)Central843
924
(8.8 %)
438,281
501,184
(12.6 %)
520
542
(4.1 %)West1,066
1,215
(12.3 %)
764,336
832,929
(8.2 %)
717
686
4.6 %Total3,285
3,571
(8.0 %)
$    1,958,357
$    2,169,703
(9.7 %)
$     596
$     608
(1.9 %)

Twelve Months Ended December 31,
Homes Closed
Home Closings Revenue, Net
Average Selling Price(Dollars in thousands)2025
2024
Change
2025
2024
Change
2025
2024
ChangeEast5,172
4,922
5.1 %
$    2,816,997
$    2,826,628
(0.3 %)
$     545
$     574
(5.1 %)Central3,400
3,552
(4.3 %)
1,780,460
1,969,381
(9.6 %)
524
554
(5.4 %)West4,425
4,422
0.1 %
3,157,977
2,959,210
6.7 %
714
669
6.7 %Total12,997
12,896
0.8 %
$    7,755,434
$    7,755,219
— %
$     597
$     601
(0.7 %)
Net Sales Orders: 

Three Months Ended December 31,
Net Sales Orders
Sales Value
Average Selling Price(Dollars in thousands)2025
2024
Change
2025
2024
Change
2025
2024
ChangeEast1,019
993
2.6 %
$       537,446
$       532,647
0.9 %
$     527
$     536
(1.7 %)Central599
784
(23.6 %)
301,192
411,750
(26.9 %)
503
525
(4.3 %)West881
844
4.4 %
638,753
587,451
8.7 %
725
696
4.2 %Total2,499
2,621
(4.7 %)
$    1,477,391
$    1,531,848
(3.6 %)
$     591
$     584
1.2 %

Twelve Months Ended December 31,
Net Sales Orders
Sales Value
Average Selling Price(Dollars in thousands)2025
2024
Change
2025
2024
Change
2025
2024
ChangeEast4,581
4,588
(0.2 %)
$    2,373,529
$    2,537,245
(6.5 %)
$     518
$     553
(6.3 %)Central2,799
3,250
(13.9 %)
1,398,603
1,773,792
(21.2 %)
500
546
(8.4 %)West3,694
4,410
(16.2 %)
2,647,752
2,991,700
(11.5 %)
717
678
5.8 %Total11,074
12,248
(9.6 %)
$    6,419,884
$    7,302,737
(12.1 %)
$     580
$     596
(2.7 %)
Sales Order Backlog:

As of December 31,
Sold Homes in Backlog
Sales Value
Average Selling Price(Dollars in thousands)2025
2024
Change
2025
2024
Change
2025
2024
ChangeEast1,146
1,737
(34.0 %)
$       747,416
$    1,190,884
(37.2 %)
$     652
$     686
(5.0 %)Central497
1,098
(54.7 %)
286,717
668,574
(57.1 %)
577
609
(5.3 %)West1,176
1,907
(38.3 %)
822,466
1,332,690
(38.3 %)
699
699
— %Total2,819
4,742
(40.6 %)
$    1,856,599
$    3,192,148
(41.8 %)
$     659
$     673
(2.1 %) Ending Active Selling Communities: 

As of
Change
December 31,
2025
December 31,
2024

East138
124
11.3 %Central91
99
(8.1 %)West112
116
(3.4 %)Total341
339
0.6 %Reconciliation of Non-GAAP Financial Measures In addition to the results reported in accordance with accounting principles generally accepted in the United States ("GAAP"), we provide our investors with supplemental information relating to: (i) adjusted net income and adjusted earnings per common share, (ii) adjusted income before income taxes and related margin, (iii) adjusted home closings gross margin, (iv) EBITDA and adjusted EBITDA and (v) net homebuilding debt to capitalization ratio.Adjusted net income, adjusted earnings per common share and adjusted income before income taxes and related margin are non-GAAP financial measures that reflect the net income/(loss) available to the Company excluding, to the extent applicable in a given period, the impact of real estate and inventory impairment charges, impairment of investment in unconsolidated entities, pre-acquisition abandonment charges, unique and unusual warranty charges, gains/losses on land transfers to joint ventures, extinguishment of debt, net, and legal reserves or settlements that the Company deems not to be in the ordinary course of business and in the case of adjusted net income and adjusted earnings per common share, the tax impact due to such items. Adjusted home closings gross margin is a non-GAAP financial measure calculated as GAAP home closings gross margin (which is inclusive of capitalized interest), excluding inventory impairment charges and unique and unusual warranty charges. EBITDA and adjusted EBITDA are non-GAAP financial measures that measure performance by adjusting net income before allocation to non-controlling interests to exclude, as applicable, interest expense/(income), net, amortization of capitalized interest, income tax provisions, depreciation and amortization (EBITDA), non-cash compensation expense, if any, real estate and inventory impairment charges, impairment of investments in unconsolidated entities, pre-acquisition abandonment charges, unique and unusual warranty charges, gains/losses on land transfers to joint ventures, extinguishment of debt, net and legal reserves or settlements that the Company deems not to be in the ordinary course of business, in each case, as applicable in a given period. Net homebuilding debt to capitalization ratio is a non-GAAP financial measure we calculate by dividing (i) total debt, plus unamortized debt issuance cost/(premium), net, and less mortgage warehouse facilities borrowings, net of unrestricted cash and cash equivalents ("net homebuilding debt"), by (ii) total capitalization (the sum of net homebuilding debt and total stockholders' equity).Management uses these non-GAAP financial measures to evaluate our performance on a consolidated basis, as well as the performance of our segments, and to set targets for performance-based compensation.  We also use the net homebuilding debt to total capitalization ratio as an indicator of overall financial leverage and to evaluate our performance against other companies in the homebuilding industry.  In the future, we may include additional adjustments in the above-described non-GAAP financial measures to the extent we deem them appropriate and useful to management and investors.We believe that adjusted net income, adjusted earnings per common share, adjusted income before income taxes and related margin, as well as EBITDA and adjusted EBITDA, are useful for investors in order to allow them to evaluate our operations without the effects of various items we do not believe are characteristic of our ongoing operations or performance and also because such metrics assist both investors and management in analyzing and benchmarking the performance and value of our business. Adjusted EBITDA also provides an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, or unusual items. Because we use the net homebuilding debt to total capitalization ratio to evaluate our performance against other companies in the homebuilding industry, we believe this measure is also relevant and useful to investors for that reason. We believe that adjusted home closings gross margin is useful to investors because it allows investors to evaluate the performance of our homebuilding operations without the varying effects of items or transactions we do not believe are characteristic of our ongoing operations or performance.These non-GAAP financial measures should be considered in addition to, rather than as a substitute for, the comparable U.S. GAAP financial measures of our operating performance or liquidity. Although other companies in the homebuilding industry may report similar information, their definitions may differ. We urge investors to understand the methods used by other companies to calculate similarly-titled non-GAAP financial measures before comparing their measures to ours.A reconciliation of (i) adjusted net income and adjusted earnings per common share, (ii) adjusted income before income taxes and related margin, (iii) adjusted home closings gross margin, (iv) EBITDA and adjusted EBITDA and (v) net homebuilding debt to capitalization ratio to the comparable GAAP measures is presented below. For purposes of our presentation of our non-GAAP financial measures for the three and twelve months ended December 31, 2024, such measures have been recast to include certain adjustments being presented in the three and twelve months ended December 31, 2025 that were previously deemed immaterial in the prior period.   Adjusted Net Income and Adjusted Earnings Per Common Share

Three Months Ended
December 31,
Twelve Months Ended
December 31,(Dollars in thousands, except per share data)2025
2024
2025
2024Net income$      174,016
$      242,453
$      782,500
$      883,309Legal reserves or settlements—
17,392
—
23,682Real estate impairment charges—
20,530
28,821
29,637Pre-acquisition abandonment charges4,905
6,545
14,791
9,453Warranty adjustment charges—
592
5,596
3,656Loss on extinguishment of debt, net13,324
—
13,324
—Tax impact due to above non-GAAP reconciling items(4,058)
(9,282)
(15,049)
(15,488)Adjusted net income$      188,187
$      278,230
$      829,983
$      934,249Basic weighted average number of shares97,106
103,189
99,069
104,813Adjusted earnings per common share - Basic$            1.94
$            2.70
$            8.38
$            8.91Diluted weighted average number of shares98,656
105,218
100,707
106,846Adjusted earnings per common share - Diluted$            1.91
$            2.64
$            8.24
$            8.74 Adjusted Income Before Income Taxes and Related Margin

Three Months Ended
December 31,
Twelve Months Ended
December 31,(Dollars in thousands)2025
2024
2025
2024Income before income taxes$    227,816
$    307,330
$   1,042,043
$     1,156,118Legal reserves or settlements—
17,392
—
23,682Real estate impairment charges—
20,530
28,821
29,637Pre-acquisition abandonment charges4,905
6,545
14,791
9,453Warranty adjustment charges—
592
5,596
3,656Loss on extinguishment of debt, net13,324
—
13,324
—Adjusted income before income taxes$    246,045
$    352,389
$   1,104,575
$     1,222,546Total revenue$ 2,099,640
$ 2,356,489
$   8,121,480
$     8,168,136Income before income taxes margin10.9 %
13.0 %
12.8 %
14.2 %Adjusted income before income taxes margin11.7 %
15.0 %
13.6 %
15.0 % Adjusted Home Closings Gross Margin

Three Months Ended
December 31,
Twelve Months Ended
December 31,(Dollars in thousands)2025
2024
2025
2024Home closings revenue$  1,958,357
$  2,169,703
$  7,755,434
$  7,755,219Cost of home closings1,531,510
1,632,003
6,008,007
5,863,743Home closings gross margin$     426,847
$     537,700
$  1,747,427
$  1,891,476Inventory impairment charges—
2,711
28,821
5,036Warranty adjustment charges$              —
$            592
$         5,596
$         3,656Adjusted home closings gross margin$     426,847
$     541,003
$  1,781,844
$  1,900,168Home closings gross margin as a percentage of home closings
     revenue21.8 %
24.8 %
22.5 %
24.4 %Adjusted home closings gross margin as a percentage of home
     closings revenue21.8 %
24.9 %
23.0 %
24.5 % EBITDA and Adjusted EBITDA Reconciliation 

Three Months Ended December
31,
Twelve Months Ended December
31,(Dollars in thousands)2025
2024
2025
2024Net income before allocation to non-controlling interests$        177,096
$        244,023
$        791,263
$        886,570Interest expense, net11,911
5,893
47,003
13,316Amortization of capitalized interest26,429
32,207
104,100
114,199Income tax provision50,720
63,307
250,780
269,548Depreciation and amortization2,135
2,279
7,485
11,535EBITDA$        268,291
$        347,709
$     1,200,631
$     1,295,168Legal reserves or settlements—
17,392
—
23,682Non-cash compensation expense6,712
5,445
29,049
22,461Real estate impairment charges—
20,530
28,821
29,637Pre-acquisition abandonment charges4,905
6,545
14,791
9,453Warranty adjustment charges—
592
5,596
3,656Loss on extinguishment of debt, net13,324
—
13,324
—Adjusted EBITDA$        293,232
$        398,213
$     1,292,212
$     1,384,057Total revenue$     2,099,640
$     2,356,489
$     8,121,480
$     8,168,136Net income before allocation to non-controlling interests as
     a percentage of total revenue8.4 %
10.4 %
9.7 %
10.9 %EBITDA as a percentage of total revenue12.8 %
14.8 %
14.8 %
15.9 %Adjusted EBITDA as a percentage of total revenue14.0 %
16.9 %
15.9 %
16.9 % Net Homebuilding Debt to Capitalization Ratio Reconciliation
(Dollars in thousands)As of December 31,
2025
As of September 30,
2025
As of December 31,
2024Total debt$                  2,291,107
$               2,190,761
$             2,120,483Plus: unamortized debt issuance cost, net11,667
5,298
6,616Less: mortgage warehouse facilities borrowings(82,605)
(150,176)
(174,460)Total homebuilding debt$                  2,220,169
$               2,045,883
$             1,952,639Total stockholders' equity6,309,289
6,197,515
5,878,180Total capitalization$                  8,529,458
$               8,243,398
$             7,830,819Total homebuilding debt to capitalization ratio26.0 %
24.8 %
24.9 %Total homebuilding debt$                  2,220,169
2,045,883
$             1,952,639Less: cash and cash equivalents(850,037)
(370,591)
(487,151)Net homebuilding debt$                  1,370,132
$               1,675,292
$             1,465,488Total stockholders' equity6,309,289
$               6,197,515
5,878,180Total capitalization$                  7,679,421
$               7,872,807
$             7,343,668Net homebuilding debt to capitalization ratio17.8 %
21.3 %
20.0 % CONTACT:
Mackenzie Aron
Vice President, Investor Relations
(407) 906-6262
investor@taylormorrison.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/taylor-morrison-reports-fourth-quarter-and-full-year-2025-results-302684498.htmlSOURCE Taylor Morrison Home Corp.

Original: Taylor Morrison Reports Fourth Quarter and Full Year 2025 Results

Taylor Morrison Recognized on Fortune's 2026 World's Most Admired Companies ListFebruary 3, 2026 6:02 AM
PR Newswire (US)

America's Most Trusted® Home Builder Ranked No. 2 in Homebuilder Industry SCOTTSDALE, Ariz., Feb. 3, 2026 /PRNewswire/ -- America's Most Trusted® Home Builder Taylor Morrison (NYSE: TMHC) has been named by Fortune as one of the World's Most Admired Companies, ranking No. 2 among top homebuilders. This marks Taylor Morrison's third year on the list, on which they were previously included in 2019 and 2020.







"Earning a spot back on Fortune's World's Most Admired Companies list is meaningful, especially because it reflects the respect of executives and analysts across our industry who understand what it takes to build lasting credibility," said Taylor Morrison Chairman and CEO Sheryl Palmer. "This list celebrates organizations evolving with purpose, which couldn't be truer of Taylor Morrison as we continue to differentiate by being the true industry leader in innovation and setting the standard for the customer experience."   Taylor Morrison received top scores for social responsibility, quality of management, quality of products/services, and innovation.To determine the World's Most Admired Companies, Fortune collaborated with Korn Ferry to survey more than 3,000 executives, directors and analysts on nine criteria such as investment value, people management, financial soundness, social responsibility, and global competitiveness. The 2026 list analyzed more than 680 companies across 51 industries and in 29 countries.For more information on the full methodology for Fortune's World's Most Admired Companies list, click here. "Fortune is proud to celebrate the companies on this year's World's Most Admired Companies list; they have set the bar for real innovation, resilient leadership, and global impact," said Fortune's Editor in Chief and Chief Content Officer Alyson Shontell. "As rapidly advancing technologies such as AI transform entire industries, these organizations stand out for their ability to evolve with purpose and foresight, consistently shaping the path forward for global business, and the future of how we work and lead."In addition to being named one of Fortune's World's Most Admired Companies, Taylor Morrison holds several additional accolades including being named America's Most Trusted® Home Builder since 2016, Fortune's Best Workplaces in Construction and Best Workplaces for Women lists, Forbes' Most Trusted, Great Place To Work®, and Best Companies in America lists, Newsweek's America's Most Responsible Companies and America's Greenest Companies lists, U.S. News & World Report's Best Companies to Work For list, the American Opportunity Index, Hearthstone's 2021 BUILDER Humanitarian Award, and inclusion on the Fortune 500 list since 2021. About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. Since 2016, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report. For more information about Taylor Morrison, please visit www.taylormorrison.com.CONTACT:
media@taylormorrison.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/taylor-morrison-recognized-on-fortunes-2026-worlds-most-admired-companies-list-302677195.htmlSOURCE Taylor Morrison Home Corporation

Original: Taylor Morrison Recognized on Fortune's 2026 World's Most Admired Companies List

Wonder how much they had to pay for that BS fluff piece. TM has like a huge turnover percentage compared to other industries. When they are done with you after say 8 years that's it bring in the next one. If you make it 8 years with them you should be able to collect a pension they are so bad.

looking good

They are selling the hell out of their houses at insane prices AND GETTING THEM for oversized tract housing.

News: $TMHC S&P 500 Bounces Back: Cruise Lines, Kohl's, Homebuilders Rally, but Citi Calls for 9% Decline by Year-End

The  S&P 500 (SNPINDEX: ^GSPC) moved back up on Wednesday following Tuesday's 34-point sell-off that broke a five-day streak of gains. Today, the S&P gained 24.6 points, up almost 0.8%. Kohl's (NYSE: KSS) led the charge with one of the best gains of any S&P 500 stock, up...

Read the whole news TMHC - S&P 500 Bounces Back: Cruise Lines, Kohl's, Homebuilders Rally, but Citi Calls for 9% Decline by Year-End

News: $TMHC Taylor Morrison Prices 5.125% Senior Unsecured Notes Offering

SCOTTSDALE, Ariz. , July 8, 2020 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("TMHC") today announced that Taylor Morrison Communities, Inc. (the "Issuer") has priced its previously announced offering of senior notes due 2030 (the "Senior Notes"). The size of the no...

Got this from TMHC - Taylor Morrison Prices 5.125% Senior Unsecured Notes Offering

Summary
Recent increase in employment levels in May 2020 with the 13% decline in non-farm employment is inadequate to reverse upward filtering that motivated high-cost housing demand between 2014-2018.

Approximately a third of the 44 million renting households in the United States could not pay their April-May rents on time in spite of the $1,200 payout.

The 2.5 homes/ day sold by TMHC did not factor in the market time spent before sale. This measure is inadequate to correctly predict sales into the FY 2020/2021.

To maintain their credit standing and reduce bad debts for business and home loans, banks are purchasing small layers of Collateralized Loan/ Debt Obligations (CLOs) and CDOs.

Taylor Morrison Home Corp. (NYSE: TMHC) plummeted 2.58% in post-market trading on June 8, 2020. There has been uncertainty among investors and analysts on whether the Federal Reserve will maintain the interest rate to zero or in the negative range on June 10, 2020. With the rates, now at historic lows, home-buyers have a good purchasing opportunity. As it turned out, the Fed's range of the funds rates were maintained at 0-0.25%.

The US Bureau of Labor Statistics reported that the month of May had seen an increase in construction employment by 464,000 after losing 995,000 in April. The biggest earners were the specialty trade contractors at 325,000 while the job growth was equally split between residential and non-residential sectors. However, the residential buildings took a larger share of +105,000 units showing the positive outlook among home builders in the US. However, while builders are predicting a booming business, the outlook in terms of capital availability, mortgages are indicative of a gloomy environment. In fact, the FOMC predicted a further contraction of the economy by 6.5% in 2020.

Thesis
Despite the share price soaring more than 23% at the beginning of June, TMHC's build-to-rent rent strategy may not realize benefits this year. Also, the growth in net sales is a mirage that may not be sustained by the current fiscal outlook.

Just sold out - Q2 numbers will most likely be very very poor - Soo I felt it was right time to sell.

Good Q1 numbers but Q2 will not be that good. There should be downward pressure on this and all homebuilders thru the summer months. Building appears to be slowing but TMHC should be in a great position to sell to NYers wanting to get out of the cesspool along with NJers who have had enough of socialism Murphy style. FL will do well when they finally get the hell out of NY/NJ

One of the best builders in the country and this board is dead??

Doesn't make sense

News: $TMHC 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

SCOTTSDALE, Ariz. , May 1, 2019 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) today reported first quarter total revenue of $925 million and GAAP home closings gross margin, inclusive of capitalized interest, of 18.2 percent, leading to diluted earnings per share of...

Got this from https://marketwirenews.com/news-releases/taylor-morrison-reports-first-quarter-closings-of-1-938-an-increase-of-25-over-the-prior-year-quarter-and-diluted-earnings-per-share-of-0-46-8090722.html

Subject to Corporate Action Flag Removed

Summary
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
08/27/2018 00:00:00 Subject to Corporate Action Flag Removed 08/27/2018 00:00:00 TAYL Taylor S Cos Inc Other OTC
Comments
Subj to CA Flag Removed

ORINDA, CA / ACCESSWIRE / February 13, 2018 / Leading national homebuilder and real estate developer Taylor Morrison (TMHC) announces its luxury view homes at the Wilder master-planned community in Orinda are move-in ready. Awarded America's Most Trusted™ Home Builder three years running, Taylor Morrison starts 2018 with the availability of its estate-style homes at Wilder. Surrounded by over 1,300 acres of protected natural open space in Northern California's Contra Costa County, Taylor Morrison at Wilder offers residents the distinction of living in a luxurious home in an exceptional natural setting, with significant proximity to Bay Area cities.

Taylor Morrison homes currently on sale at Wilder range from 3,944 to 4,147 square feet, with four bedrooms, 4.5 bathrooms, and three-car garages. The homebuilder incorporates open concept design, spacious owner suites, expansive courtyards, formal dining rooms, fireplaces, butler's pantries, and other quality features into these two-storied homes. Prices start from approximately $2.1 million.

''We're proud to announce we have extraordinary luxury homes at Wilder, ready for Spring move in,'' said Joyce Lee, VP of Sales and Marketing at the Bay Area division of Taylor Morrison. ''Active homebuyers have the incredible opportunity to make a Taylor Morrison home, and the Wilder lifestyle immediately theirs.''

Taylor Morrison residents enjoy an array of Wilder amenities, including a private swim and recreation center, five community ball fields, and an extensive network of paths and trails for walking, hiking and biking. Wilder is a five-minute drive to downtown Orinda, and 25-minute drive to San Francisco. Families may attend Orinda's award-winning public schools, or select from East Bay's top private schools that are also an easy drive away.

http://www.bizjournals.com/houston/morning_call/2015/07/homes-selling-for-a-lot-more-than-expected-in.html

Taylor Morrison Homes Corp. (NYSE: TMHC)
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HUGE BUY TODAY

TMHC ALL ABOARD!!!