Taylor Morrison Home Corporation (NYSE:TMHC) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET

Company Participants

Mackenzie Aron - Vice President of Investor Relations

Sheryl Palmer - Chairman and Chief Executive Officer

Erik Heuser - Chief Corporate Operations Officer

Lou Steffens - Chief Financial Officer

Conference Call Participants

Carl Reichardt - BTIG

Elizabeth Langan - Barclays

Alan Ratner - Zelman and Associates

Doug Wardlaw - JPMorgan

Alex Rygiel - B. Riley Securities

Paul Przybylski - Wolfe Research

Ryan Frank - RBC Capital Markets

Alex Barron - Housing Research Center

Operator

Welcome to today's Taylor Morrison Home Corp Earnings Webcast and Conference Call. My name is Drew, and I'll be coordinating your call today. [Operator Instructions]

I'm now going to hand over to Mackenzie Aron, Vice President, Investor Relations to begin. Please go ahead.

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 subject to the safe harbor statement for forward-looking information that you can review in our earnings release on the Investor Relations portion of our website at www.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 today is Lou Steffens, our Chief Financial Officer and Erik Heuser, our Chief Corporate Operations Officer. As always, I will share our quarterly highlights, as well as an update on the market environment and how we are navigating and positioning the company for success. After my remarks, Erik will discuss our healthy land portfolio that remains a source of long-term value, while Lou will provide a detailed review of our financial results.

I am pleased to share that our team once again delivered record profitability metrics this quarter, including new highs for home closings gross margin, earnings per share and return on equity. We achieved these results, despite the continued affordability and supply chain challenges facing our industry, as well as the significant impacts from Hurricane Ian. Most importantly, our team members and residents came through the storm safely, and most of our communities and homes under construction do not suffer any damage.