Taylor Morrison Home — Jul 24, 2024 release

Business Outlook Third Quarter 2024     •   Home closings are expected to be approximately 3,200     •   Average closing price is expected to be around $600,000     •   Home closings gross margin is expected to be around 24%     •   Ending active community count is expected to be between 330 to 340     •   Effective tax rate is expected to be approximately 25%     •   Diluted share count is expected to be approximately 106 million Full Year 2024     •   Home closings are now expected to be between 12,600 to 12,800     •   Average closing price is expected to be between $600,000 to $610,000     •   Home closings gross margin is now expected to be around 24%     •   Ending active community count is expected to be between 330 to 340     •   SG&A as a percentage of home closings revenue is expected to be in the high-9% range     •   Effective tax rate is expected to be approximately 25%     •   Diluted share count is now expected to be approximately 107 million     •   Land and development spend is expected to be between $2.3 billion to $2.5 billion     •   Share repurchases are expected to total approximately $300 million Quarterly Financial Comparison   (Dollars in thousands)    Q2 2024     Q2 2023     Q2 2024 vs. Q2 2023   Total Revenue    $ 1,991,053     $ 2,060,564       (3.4 )%  Home Closings Revenue, net    $ 1,920,127     $ 1,996,747       (3.8 )%  Home Closings Gross Margin    $ 457,421     $ 482,510       (5.2 )%       23.8 %      24.2 %      40 bps decrease   SG&A    $ 196,735     $ 183,683       7.1 %  % of Home Closings Revenue      10.2 %      9.2 %      100 bps increase     Earnings Conference Call Webcast A public webcast to discuss the Company’s earnings will be held later today at