Latest news with #SherylPalmer
CNBC
6 days ago
- Business
- CNBC
How the American homebuyer, from 50-plus to Gen Z, is changing: Sheryl Palmer, CEO of Taylor Morrison
Older buyers are spending the most, while younger buyers are more concerned about affordability, as the residential real estate market and 'American Dream' continues to evolve after Covid, says Sheryl Palmer, CEO of homebuilder Taylor Morrison.
CNBC
07-05-2025
- Business
- CNBC
Taylor Morrison CEO: There's certainly housing demand but we're not seeing the typical spring surge
Sheryl Palmer, Taylor Morrison chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss outlooks on housing, consumer sentiment, and more.
Yahoo
24-04-2025
- Business
- Yahoo
Taylor Morrison Home Corp (TMHC) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
Home Closings Revenue: $1.8 billion, up 12% year over year. Adjusted Home Closings Gross Margin: 24.8%, up 80 basis points year over year. Adjusted Earnings Per Diluted Share: Increased 25%. Book Value Per Share: Grew 16% to approximately $58. Net Income: $213 million or $2.07 per diluted share; adjusted net income was $225 million or $2.18 per diluted share. Closings Volume: 3,048 homes, up 12% year over year. Average Closing Price: $600,000, roughly flat from a year ago. Monthly Absorption Pace: Increased to 3.3 per community from 2.6 in the fourth quarter. SG&A as a Percentage of Home Closings Revenue: 9.7%, down 70 basis points from a year ago. Financial Services Revenue: $51 million with a gross margin of 44.7%. Liquidity: Approximately $1.3 billion, including $378 million of unrestricted cash. Net Homebuilding Debt to Capitalization Ratio: 20.5% at quarter end. Share Repurchases: 2.2 million shares for $135 million; targeting $350 million for 2025. Warning! GuruFocus has detected 5 Warning Signs with RRC. Release Date: April 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Taylor Morrison Home Corp (NYSE:TMHC) delivered 3,048 homes at an average price of $600,000, generating $1.8 billion in home closings revenue, up 12% year over year. The company's adjusted earnings per diluted share increased by 25%, and book value per share grew 16% to approximately $58. TMHC's diversified consumer and product strategy contributed to volume and margin resiliency, with a strong performance in the resort lifestyle segment. The company effectively used personalized finance incentives, with 42% of first-quarter closings utilizing a forward commitment, aiding first-time home buyers. TMHC maintained a strong balance sheet with over $1 billion in liquidity and a net homebuilding debt to capitalization ratio of 20.5%. The monthly absorption pace decreased to 3.3 per community from 3.7 a year ago, indicating a slowdown in sales velocity. Entry-level sales declined steeply by 21%, reflecting challenges in this consumer segment. Finished inventory at quarter-end was elevated, leading to a higher anticipated spec penetration in the second quarter. The company expects incentives to rise more meaningfully in the second quarter, impacting margins. TMHC revised its home closings gross margin forecast to around 23% for the year, down from previous expectations. Q: Can you provide insights into the demand changes in Texas and Florida markets over the past few months? A: Sheryl Palmer, CEO, noted that Florida showed strong year-over-year sales growth, particularly in Orlando and Naples, despite market headwinds. In Texas, Austin showed signs of recovery with reduced cancellation rates, while Dallas experienced significant growth and Houston saw a repositioning with lower ASPs and discounts. Q: What are your thoughts on M&A in the current environment, and how is the Indianapolis integration progressing? A: Sheryl Palmer, CEO, mentioned an increase in M&A packages due to market challenges, with valuations becoming more rational but not fully aligned yet. The Indianapolis integration is mostly complete, with strong sales performance and plans to grow in core markets. Q: Can you discuss the order trends and incentive strategies through the first quarter and into April? A: Sheryl Palmer, CEO, reported consistent sales growth in Q1, with a 10% increase in February and 13% in March. April sales were expected to peak but have been volatile, with incentives being adjusted daily based on market conditions. Q: What are the main drivers for the expected gross margin decline in the second half of the year? A: Curtis Vanhyfte, CFO, explained that higher spec home penetration, land cost inflation, and increased incentives are key factors. Tariffs are impacting costs, particularly in metals, but are expected to affect margins more significantly in 2026. Q: How are you approaching pricing and incentives in the current market environment? A: Sheryl Palmer, CEO, emphasized the use of mortgage incentives over price cuts, particularly for to-be-built homes. Price adjustments are considered a last resort, with a focus on personalized finance incentives to meet customer needs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Taylor Morrison Breaks Barriers with an Increasing Number of Women in its Workforce Pursuing Construction Roles
America's Most Trusted Homebuilder celebrates Women in Construction Week SCOTTSDALE, Ariz., March 7, 2025 /PRNewswire/ -- America's Most Trusted® Home Builder, Taylor Morrison (NYSE: TMHC), continues to break barriers with an increasing number of women joining its organization. To celebrate Women in Construction Week recognized March 2-8, Taylor Morrison is featuring women in construction roles and releasing new workforce statistics. "With the homebuilding industry being traditionally male dominated, we're incredibly proud of the women at Taylor Morrison who continue to challenge that status quo and pursue the immense opportunities this meaningful career can provide for everyone," said Taylor Morrison Chairman and CEO Sheryl Palmer. "As an organization, we have experienced a growing number of women joining our workforce and are excited that they're paving the way for people from all backgrounds to consider a career in construction." Taylor Morrison has an increasing number of women joining its construction roles and seeing significant career growth. As of March 2025, Taylor Morrison reported: In the past decade, Taylor Morrison has seen an 887% increase in women who currently hold construction roles. Taylor Morrison has 45% female representation in its workforce – just over four times the U.S. construction industry average of 11%. Chairman and CEO Sheryl Palmer remains the only female that has ever led a publicly traded homebuilder and has been in her role since 2007. The Company's Board of Directors has a female majority, the highest in the industry. Dallas Build-to-Rent Assistant Land Project Manager, Haley Hoffman, didn't start her career in the homebuilding industry, but she has experienced exceptional career progression just three years after taking the plunge. Hoffman joined the Taylor Morrison team as a permit administrator and soon after moved to Taylor Morrison's build-for-rent brand, Yardly, as a Land Analyst. The team then offered her the opportunity to train in the field with project managers, where she developed the skills for her current role. When asked what her advice would be for women interested in pursuing the construction career path, she said: "Don't be afraid to ask questions and overcommunicate. If there's an opportunity to shadow someone who's an expert, take it!" said Hoffman. Indianapolis-based Superintendent Autumn Schmicker has been in the role for six years, where she spends her days walking job sites, working with trade partners, managing various construction tasks in progress, and coordinating schedules. She encourages women in the field to stop underestimating themselves, and to always find ways to build upon your skills. "My passion for the construction industry originated during my childhood, as I grew up watching my father run his own residential construction business and was inspired to follow in his footsteps. No two days are quite the same, which is one of my favorite parts of the job," said Schmicker. As a former Aviation Electrician in the Navy, Jacksonville-based Superintendent Tracey Michaels has been with Taylor Morrison for five years, delivered 100 homes, and even built the model home at the Cove at Beachwalk community in just 60 days. While she started her construction career in Warranty and focused on that for nearly a decade, she always wanted to be on the building side and feels her career has now come full circle as a Superintendent. "I love starting from dirt and seeing a completed product in the end. There's nothing more rewarding than seeing the joy on a homeowner's face after delivering their dream home," said Michaels. About Taylor Morrison Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From 2016-2025, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. Our long-standing commitment to sustainable operations is highlighted in our annual Sustainability and Belonging Report. For more information about Taylor Morrison, please visit CONTACT:media@ View original content to download multimedia: SOURCE Taylor Morrison
