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SCOTTSDALE, Ariz. - On Wednesday, Taylor Morrison Home Corporation (NYSE:TMHC) reported first quarter earnings that exceeded analyst expectations, but lowered its full-year 2025 guidance.
The company’s stock edged up 0.71% in premarket trading following the earnings release and guidance cut.
The homebuilder posted adjusted earnings per share of $2.18, beating the consensus estimate of $1.89. Revenue came in at $1.8 billion, slightly above the $1.78 billion analysts were expecting.
Home closings increased 12% year-over-year to 3,048 units, while the average closing price remained flat at $600,000. Net sales orders declined 8% to 3,374 homes.
"These strong top and bottom-line results reflect the benefits of our diversified consumer and product strategy," said CEO Sheryl Palmer.
However, Taylor Morrison reduced its 2025 outlook, now expecting 13,000-13,500 home closings compared to its previous forecast of 13,500-14,500. The company also lowered its full-year home closings gross margin guidance to approximately 23% from its prior range of 23-24%.
"While the current environment has made it challenging to provide near-term guidance with strong conviction, we remain confident in our long-term trajectory," Palmer added.
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