Taylor Morrison reports Q3 adjusted EPS $1.62, consensus $1.55

Reports Q3 revenue $1.68B, consensus $1.63B. Book value per share increased 21% year over year to $46.78. “In the third quarter, our team once again achieved strong results, including the delivery of over 2,600 homes at a better-than-expected adjusted home closings gross margin of 23.9%. At the same time, we flexed each of our capital allocation priorities to increase our land investment, retire debt outstanding and repurchase our shares, all while ending the quarter with a significant liquidity position of $1.6 billion. In total, this drove a 21% year-over-year increase in our book value per share to a new high of nearly $47,” said Sheryl Palmer, Taylor Morrison Chairman and CEO.