Taylor Morrison Home — Feb 11, 2026 release

These steps include limiting future investments in non-core submarkets while refocusing on our core first-and-second move-up segment, leaning further into the opportunity to expand our differentiated Esplanade resort lifestyle brand and doubling down on innovation across our organization.” Business Outlook The Company is providing the following guidance for the first quarter and full year 2026:        First Quarter 2026    Full Year 2026 Ending Community Count    Around 360    Between 365 to 370 Home Closings    Approximately 2,200    Approximately 11,000 Average Closing Price    Approximately $580,000    Between $580,000 to $590,000 Home Closings Gross Margin 1 (excluding any inventory-related charges)    Approximately 20%    Not provided SG&A as a Percentage of Home Closings Revenue    Not provided    Mid-10% range Effective Tax Rate    23.0% to 23.5%    Approximately 25.0% Average Diluted Share Count    Approximately 98 million    Approximately 95 million Homebuilding Land Investment    Not provided    Approximately $2 billion Share Repurchases    Not provided    Approximately $400 million   (1) A reconciliation of our forward-looking adjusted home closings gross margin to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted.   Fourth Quarter Business Highlights All comparisons are of the current quarter to the prior-year quarter, unless indicated. Homebuilding     •   Home closings revenue decreased 10% to $1.96 billion, driven by an 8% decline in closings volume to 3,285 homes and a 2% decrease in average closing price to $596,000.     •   Home closings gross margin was 21.8% on a reported basis in the fourth quarter. For the full year 2025, home closings gross margin was 22.5% on a reported basis and 23.0% adjusted for inventory impairment and certain warranty charges.     •   Net sales orders decreased 5% to 2,499. This was driven by a