Taylor Morrison Home — Apr 23, 2025 release

Business Outlook Second Quarter 2025     •   Home closings are expected to be approximately 3,200     •   Average closing price is expected to be around $585,000     •   Home closings gross margin is expected to be approximately 23%     •   Ending active community count is expected to be around 345     •   Effective tax rate is expected to be approximately 25%     •   Diluted share count is expected to be approximately 102 million Full Year 2025     •   Home closings are now expected to be between 13,000 to 13,500     •   Average closing price is expected to be between $590,000 to $600,000     •   Home closings gross margin is now expected to be approximately 23%     •   Ending active community count is expected to be at least 355     •   SG&A as a percentage of home closings revenue is expected to be in the mid-9% range     •   Effective tax rate is expected to be between 24.5% to 25.0%     •   Diluted share count is now expected to be approximately 101 million     •   Homebuilding land acquisition and development investment is now expected to be around $2.4 billion     •   Share repurchases are now expected to be approximately $350 million Quarterly Financial Comparison   (Dollars in thousands)    Q1 2025     Q1 2024     Q1 2025 vs. Q1 2024   Total Revenue    $ 1,896,019     $ 1,699,752       11.5 %  Home Closings Revenue, Net    $ 1,830,068     $ 1,636,255       11.8 %  Home Closings Gross Margin    $ 438,708     $ 393,046       11.6 %       24.0 %      24.0 %      0 bps change   Adjusted Home Closings Gross Margin    $ 453,586     $ 393,046       15.4 %       24.8 %      24.0 %      80 bps increase   SG&A    $ 176,624     $ 170,164       3.8 %  % of Home Closings Revenue