Taylor Morrison Home Corporation (NYSE:TMHC) Q2 2023 Earnings Conference Call July 26, 2023 8:30 AM ET
Company Participants
Mackenzie Aron - VP, IR
Sheryl Palmer - Chairman, President & CEO
Erik Heuser - EVP & Chief Corporate Operations Officer
Curt VanHyfte - West Area President & Interim CFO
Conference Call Participants
Michael Rehaut - JPMorgan Chase & Co.
Carl Reichardt - BTIG
Truman Patterson - Wolfe Research
Elizabeth Langan - Barclays Bank
Daniel Oppenheim - Crédit Suisse
Alex Barrón - Housing Research Center
Alan Ratner - Zelman & Associates
Michael Dahl - RBC Capital Markets
Jay McCanless - Wedbush Securities
Kenneth Zener - Seaport Research Partners
Operator
Good morning, and welcome to Taylor Morrison's Second Quarter 2023 Earnings Conference Call. [Operator Instructions].
I would now like to introduce Mackenzie Aron, Vice President of Investor Relations.
Mackenzie Aron
Thank you, and good morning, everyone. We appreciate you joining us today. Before we begin, let me remind you that this call, including the question-and-answer session, will include forward-looking statements that are set to the safe harbor statement for forward-looking information that you can review in our earnings release on the Investor Relations section of our website at taylormorrison.com.
These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include, but are not limited to, those factors identified in the release and in our filings with the SEC, and we do not undertake any obligation to update our forward-looking statements.
In addition, we will refer to certain non-GAAP financial measures on the call which are reconciled to GAAP figures in the release.
Now I will turn the call over to our Chairman and Chief Executive Officer, Sheryl Palmer.
Sheryl Palmer
Thank you, Mackenzie, and good morning, everyone. Joining me is Curt VanHyfte, our Chief Financial Officer; and Erik Heuser, our Chief Corporate Operations Officer. As you may have seen in this morning's earnings release, our Board of Directors has appointed Curt as our EVP and Chief Financial Officer. Curt has been serving as our interim CFO since May and has been with the company since 2020 when he joined by way of the William Lyon acquisition. He has held numerous homebuilding field and finance leadership roles throughout his nearly 30-year career, and I couldn't be more pleased to have them in the role.
Now diving into our call, as usual, I will begin with our quarterly highlights and update on the market and our strategic priorities. After my remarks, Erik will discuss our strong land portfolio and investment strategy while Curt will review our financial results and guidance metrics. Our second quarter results once again outperformed our expectations across all key metrics as we continue to realize the benefits of our scale, streamlined operations and balanced portfolio, along with improved market conditions.