Taylor Morrison reports Q3 EPS $2.37, consensus $2.06

Reports Q3 revenue $2.12B, consensus $1.94B. Net sales orders increased 9% to 2,830. “In the third quarter, our team delivered better-than-expected results, which clearly demonstrated the benefits of our diversified consumer and geographic strategy, as well as our team’s impressive execution in the face of continued interest rate volatility, economic uncertainty and hurricane-related disruptions,” said Sheryl Palmer, Taylor Morrison (TMHC) CEO and Chairman. “Led by strong top-line growth and improved margins, our results generated over-50% year-over-year growth in our earnings per diluted share to $2.37 and a 15% year-over-year increase in our book value per share to approximately $54.”