Taylor Morrison Home — Apr 23, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-089989
Showing in the filing
Share repurchases
“approximately $350 million”
Period
FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 19
Home closings for FY2025
“between 13,000 to 13,500”
Home closings for FY2028
“20,000”
Home closings gross margin for the long term
“low-to-mid 20%”
Home closings gross margins
“low-to-mid 20%”
Returns on equity
“high-teen”
Returns on equity for the long term
“high-teen”
Home closings for Q2 FY2025
“approximately 3,200”
Average closing price for Q2 FY2025
“around $585,000”
Home closings gross margin for Q2 FY2025
“approximately 23%”
Ending active community count for Q2 FY2025
“around 345”
Effective tax rate for Q2 FY2025
“approximately 25%”
Diluted share count for Q2 FY2025
“approximately 102 million”
Average closing price for FY2025
“between $590,000 to $600,000”
Ending active community count for FY2025
“at least 355”
SG&A as a percentage of home closings revenue for FY2025
“mid-9% range”
Effective tax rate for FY2025
“between 24.5% to 25.0%”
Diluted share count for FY2025
“approximately 101 million”
Homebuilding land acquisition and developmen… for FY2025
“around $2.4 billion”
Share repurchases for FY2025
“approximately $350 million”
Exhibit 99.1 · the passage around this item
… earlier in the 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
9.7
%
10.4
%
70 bps decrease
Earnings Conference Call Webcast
Taylor Morrison will hold a conference call to discuss its results today at 8:30 a.m. ET. A live audio webcast of the conference call will be available
on Taylor Morrison’s website at www.taylormorrison.com on the Investor Relations portion of the site under the Events tab
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.