Apr. 23 at 12:28 PM
$TMHC
Taylor Morrison reported strong Q1 2025 financial results with net income of
$213 million (
$2.07 per diluted share). Home closings revenue increased 12% year-over-year to
$1.8 billion, driven by 3,048 closings at an average price of
$600,000.
Key metrics include a home closings gross margin of 24.0% and adjusted margin of 24.8%. Net sales orders decreased 8% to 3,374, with monthly absorption pace declining to 3.3 from 3.7 year-over-year. The company maintains a strong land position with 86,266 homebuilding lots, 59% controlled off balance sheet.
For full-year 2025, Taylor Morrison updated guidance to 13,000-13,500 home closings with approximately 23% gross margin. The company remains committed to its goal of 20,000 closings by 2028, despite 2025 representing a temporary slowdown. During Q1, TMHC repurchased 2.2 million shares for
$135 million and maintained total liquidity of
$1.3 billion.
