For the second quarter, net sales orders were 2,342 with an average community count of 297.
By Leah Demirjian | Builder
Taylor Morrison Home Corporation (NYSE: TMHC) today reported second quarter total revenue of $981 million and home closings gross margin, inclusive of capitalized interest, of 18% leading to diluted earnings per share of $0.52.
Among the Q2 2018 highlights:
- Sales per outlet were 2.6
- Net sales orders were 2,342
- Home closings were 1,992
- Total revenue was $981 million
- Home closings gross margin, inclusive of capitalized interest, was 18%
- Net income was $59 million with diluted earnings per share of $0.52
“Our teams across the country once again delivered a solid quarter meeting or exceeding all points of our guidance,” says chairman and CEO, Sheryl Palmer. “We closed 1,992 homes, nearly a 7% increase over the prior year and above our guidance range of 1,800-1,900. Our home closings gross margin was 18%, in line with guidance, and especially encouraging knowing we didn’t sacrifice margin for the additional closings.”
