Taylor Morrison Home Corporation (TMHC) Earnings Call Transcripts

Taylor Morrison Home Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Taylor Morrison Home Corporation (TMHC) reported revenue of approximately $1.3 billion and adjusted earnings per diluted share of $1.12, reflecting an 11% year-over-year growth in book value per share to $64. The company delivered 2,268 homes at an average price of $578,000, with a notable increase in to-be-built orders, which rose to 38% from 28% in the previous quarter. Management reaffirmed its full-year guidance, expecting approximately 11,000 home closings at an average closing price of $580,000 to $590,000, indicating confidence in their strategic direction despite macroeconomic challenges.

Reported metrics

Guidance from management

Management reaffirmed full-year 2026 guidance for approximately 11,000 home closings at an average price of $580,000 to $590,000, with an expected gross margin of at least 20%. They anticipate a gradual margin improvement beginning in the second half of the year.

What management said

Yes. Chris, I can take that one. Thanks for the question. Relative to the starts cadence, as you saw in Q1, I think we started 2,371 homes, we sold 2,900. So in Q2, and that -- part of that was as we were clearing out some of the inventory. And now as we look to Q2, we would expect our starts to approximate our sales which is kind of what our consistent message has been as -- even though we had to work through some o...

And the good news is, given what's happened to cycle times, Curt, we can actually start homes, Chris, much later in the year than you've seen over the past. So you'll see much more of an even cadence than this huge spurt to get to the year-end finish line.

What analysts pressed on

Analysts expressed concerns regarding the decline in net orders and whether the company might lose market share due to its focus on maintaining pricing discipline over volume. There were questions about the impact of rising mortgage rates on consumer demand and the overall market environment.

Main topics on the call

• Rebuilding Backlog — Management reported a 23% increase in backlog to 3,465 homes, driven by a significant rise in to-be-built orders. Sheryl Palmer noted, "this reacceleration in demand for to-be-built homes suggests that historic buyer pre...
• Gross Margin Performance — The adjusted home closings gross margin was reported at 20.6%, exceeding guidance of approximately 20%. Curt VanHyfte stated, "this was driven by several factors, including favorable costs as well as product and geograph...
• Sales and Orders Decline — Net orders decreased by 14% year-over-year, totaling 2,914 homes. Despite this decline, management indicated that sales were in line with internal expectations, with Sheryl Palmer emphasizing, "when I look at our interna...
• Incentive Management — Management achieved a 100 basis point sequential reduction in incentives on new orders, reflecting a disciplined pricing strategy. Sheryl Palmer commented, "we're not going to sell at any cost... we think we can create m...

Read the full Taylor Morrison Home Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Taylor Morrison Home Corporation earnings call transcripts on record, spanning February 5, 2020 to April 22, 2026. Based on this history, Taylor Morrison Home Corporation reports quarterly. The most recent call on file is dated April 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TMHC

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

29

First call

February 5, 2020

Most recent

April 22, 2026

Reporting cadence

quarterly