TMHC - Taylor Morrison Home Corporation GAAP EPS of $2.45 beats by $0.60 revenue of $2B misses by $10M
- Taylor Morrison Home Corporation press release ( NYSE: TMHC ): Q2 GAAP EPS of $2.45 beats by $0.60 .
- Revenue of $2B (+16.3% Y/Y) misses by $10M .
- Home closings gross margin improved 750 basis points to 26.6 percent.
- Homebuilding lot supply increased eight percent to approximately 82,000 owned and controlled homesites.
- Controlled lots as a percentage of total lot supply increased approximately 600 basis points to 41 percent.
- Repurchased 6.8 million shares outstanding for $172 million.
- Return on equity improved 1,090 basis points to 23.1 percent.
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Taylor Morrison Home Corporation GAAP EPS of $2.45 beats by $0.60, revenue of $2B misses by $10M