Taylor Morrison Home — Oct 23, 2024 release

Business Outlook Fourth Quarter 2024     •   Home closings are expected to be approximately 3,400     •   Average closing price is expected to be approximately $610,000     •   Home closings gross margin is expected to be around 24.5%     •   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 approximately 12,725     •   Average closing price is now expected to be approximately $600,000     •   Home closings gross margin is now expected to be approximately 24.3%     •   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 now expected to be between 24.5% to 25.0%     •   Diluted share count is expected to be approximately 107 million     •   Land and development spend is now expected to be around $2.5 billion     •   Share repurchases are expected to total approximately $300 million Quarterly Financial Comparison   (Dollars in thousands)    Q3 2024     Q3 2023     Q3 2024 vs. Q3 2023   Total Revenue    $ 2,120,842     $ 1,675,545       26.6 %  Home Closings Revenue    $ 2,029,134     $ 1,611,883       25.9 %  Home Closings Gross Margin    $ 503,309     $ 372,884       35.0 %       24.8 %      23.1 %      170 bps increase   SG&A    $ 199,341     $ 167,791       18.8 %  % of Home Closings Revenue      9.8 %      10.4 %      60 bps decrease   Earnings Conference Call Webcast A public webcast to discuss the Company’s earnings will be held later today at 8:30 a.m. ET. Call participants are a