TMHC - Taylor Morrison Home Corporation Non-GAAP EPS of $2.72 beats by $0.21 revenue of $2.03B misses by $170M

• Taylor Morrison Home Corporation press release ( NYSE: TMHC ): Q3 Non-GAAP EPS of $2.72 beats by $0.21 .
• Revenue of $2.03B (+9.1% Y/Y) misses by $170M .
• Home closings revenue increased 12 percent to $2.0 billion.
• Home closings gross margin improved 630 basis points to 27.5 percent.
• SG&A as a percentage of home closings revenue improved 210 basis points to 7.4 percent.
• Homebuilding lot supply increased three percent to approximately 80,000 owned and controlled homesites.
• Controlled lots as a percentage of total lot supply increased approximately 600 basis points to 42 percent.
• Repurchased 4.2 million shares outstanding for $105 million.
• Return on equity improved 1,300 basis points to 25.8 percent.

For further details see: