Core Viewpoint - Taylor Morrison Home (TMHC) reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - Quarterly earnings were $2.64 per share, surpassing the Zacks Consensus Estimate of $2.40 per share, and up from $2.05 per share a year ago, representing a 10% earnings surprise [1] - Revenues for the quarter ended December 2024 were $2.36 billion, exceeding the Zacks Consensus Estimate by 10.53% and up from $2.02 billion year-over-year [2] - The company has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Stock Performance and Outlook - Taylor Morrison shares have increased approximately 1.9% year-to-date, compared to a 3.2% gain in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Current consensus EPS estimate for the upcoming quarter is $1.85 on revenues of $1.83 billion, and for the current fiscal year, it is $9.32 on revenues of $8.56 billion [7] Industry Context - The Building Products - Home Builders industry is currently ranked in the bottom 3% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can significantly affect stock performance [5][8]

Financial Performance - Fourth quarter net income was $242 million, or $2.30 per diluted share, while adjusted net income was $278 million, or $2.64 per diluted share[2]. - Full year reported net income was $883 million, or $8.27 per diluted share, with adjusted net income at $931 million, or $8.72 per diluted share[2]. - Net income for Q4 2024 was $242,453, representing a 40.5% increase compared to $172,585 in Q4 2023[30]. - Adjusted net income for Q4 2024 was $277,760,000, up from $223,236,000 in Q4 2023, representing a 24.4% increase[41]. - Adjusted earnings per common share (diluted) for the twelve months ended December 31, 2024, was $8.72, compared to $7.54 in 2023, a 15.7% increase[41]. Revenue and Sales - Home closings revenue for the fourth quarter was $2.2 billion, up 12% year over year, with 3,571 closings at an average price of $608,000[6]. - Home closings revenue for Q4 2024 reached $2,169,703, a 12.0% increase from $1,937,632 in Q4 2023[30]. - Total revenue for the twelve months ended December 31, 2024, was $8,168,136, up 10.1% from $7,417,831 in 2023[30]. - Total revenue for Q4 2024 reached $2,356,489,000, compared to $2,019,865,000 in Q4 2023, marking a 11.7% growth[43]. - Home closings revenue for the twelve months ended December 31, 2024, was $7,755,219,000, compared to $7,158,857,000 in 2023, a 8.3% increase[45]. Home Closings and Orders - Net sales orders increased 11% year over year to 2,621, with a monthly absorption pace of 2.6, up from 2.4 a year ago[6]. - Net sales orders for Q4 2024 totaled 2,621, an 11.0% increase from 2,361 in Q4 2023[31]. - The sales order backlog as of December 31, 2024, decreased by 10.3% to 4,742 homes, with a sales value of $3,192,148, down from $3,644,630 in 2023[32]. - The company ended Q4 2024 with 339 active selling communities, a 3.7% increase from 327 in Q4 2023[33]. Margins and Profitability - Home closings gross margin was 24.8% for the fourth quarter, an increase of 70 basis points from the previous year[10]. - The adjusted home closings gross margin for Q4 2024 was 24.9% of home closings revenue, compared to 24.1% in Q4 2023[45]. - Income before income taxes for Q4 2024 was $307,330,000, up from $225,254,000 in Q4 2023, indicating a 36.5% increase[43]. - Adjusted income before income taxes margin for Q4 2024 was 14.9%, compared to 14.4% in Q4 2023[43]. Assets and Equity - Total assets as of December 31, 2024, were $9,297,131, an increase from $8,672,087 in 2023[29]. - The total stockholders' equity increased to $5,878,180 in 2024, up from $5,332,286 in 2023[29]. Debt and Liquidity - Total liquidity at quarter end was approximately $1.4 billion, with a gross homebuilding debt-to-capital ratio of 24.9%[14]. - The net homebuilding debt to capitalization ratio improved to 20.0% as of December 31, 2024, down from 22.5% as of September 30, 2024[49]. - The total homebuilding debt to capitalization ratio was 24.9% as of December 31, 2024, slightly down from 25.1% as of September 30, 2024[49]. Share Repurchase - The company repurchased 5.6 million common shares for $348 million during the year, improving return on equity to approximately 16%[7]. Future Outlook - For 2025, the company forecasts home closings between 13,500 to 14,000, with a gross margin in the range of 23% to 24%[7].

SCOTTSDALE, Ariz., Feb. 12, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC), a leading national land developer and homebuilder, announced results for the fourth quarter and full year ended December 31, 2024. Reported fourth quarter net income was $242 million, or $2.30 per diluted share, while adjusted net income was $278 million, or $2.64 per diluted share. For the full year 2024, reported net income was $883 million, or $8.27 per diluted share, while adjusted net income was $931 million ...

SCOTTSDALE, Ariz., Jan. 15, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, announced today that it will release its fourth quarter 2024 results before the market opens on Wednesday, Feb. 12, 2025. Taylor Morrison will hold a conference call to discuss its results the same day at 8:30 a.m. ET.A live audio webcast of the conference call will be available on Taylor Morrison's website at www.taylormorrison.com on the Investor ...

SCOTTSDALE, Ariz., Jan. 13, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("Taylor Morrison"), a leading national developer and homebuilder, will host its first-ever Investor Day on Thursday, March 6, 2025, in Sarasota, Florida.The event will feature presentations by Taylor Morrison's executive leadership team on the Company's long-term strategic vision and guest speaker Ali Wolf, Chief Economist at Zonda, on the state of the housing market. In-person attendees will also have the opport ...

National home builder leads industry in trust index since 2016SCOTTSDALE, Ariz., Jan. 7, 2025 /PRNewswire/ -- National homebuilder and land developer Taylor Morrison (NYSE: TMHC) has earned the title of America's Most Trusted® Home Builder by Lifestory Research for a record ten years.    Taylor Morrison has earned the title of America’s Most Trusted® Home Builder by Lifestory Research for a record ten years. "Every year that Taylor Morrison has been named America's Most Trusted® Home Builder is meaningf ...

Company Overview - Taylor Morrison is headquartered in Scottsdale, Arizona, and is one of the nation's leading homebuilders and developers, serving a wide array of consumers including first-time, move-up, luxury, and resort lifestyle homebuyers and renters under its family of brands such as Taylor Morrison, Esplanade, and Yardly [3] - The company has been recognized as America's Most Trusted® Builder by Lifestory Research from 2016 to 2024 and emphasizes sustainable operations in its annual Sustainability and Belonging Report [3] Philanthropic Initiatives - Since 2017, Taylor Morrison has donated approximately $230,000 through its Build Joy program, helping to achieve over 100 philanthropic goals [1] - The Build Joy program awards $1,000 to each of 14 team members annually to support causes meaningful to them, fostering community impact [4] - Projects funded by Build Joy include donating books for a new library at an autism-focused school, purchasing school supplies for children with cancer, supporting domestic violence survivors, creating swag packs for foster children, and covering lodging expenses for parents of babies in intensive care [2] - In 2024, Office Manager Casee Le used her Build Joy funds to support Fairytale Endings Rescue, a no-kill shelter rebuilding after Hurricane Helene destroyed its facility [7] Leadership and Vision - Taylor Morrison's Chairman and CEO, Sheryl Palmer, emphasizes the importance of the Build Joy program as an annual tradition that empowers team members to support charitable causes close to their hearts [6]

Taylor Morrison Home Corporation’s (TMHC) performance is benefiting from a steady mix of to-be-built and spec homes, strategic land investments and a balanced capital allocation approach to ensure shareholder value.This Arizona-based homebuilder and land developer’s shares have gained 10.5% in the past six months, outperforming the Zacks Building Products - Home Builders industry and the Zacks Construction sector. Although TMHC’s price performance fell short of the S&P 500 index during the same time frame, ...

National homebuilder ranked No. 12 on inaugural list ranking companies based on trust SCOTTSDALE, Ariz., Dec. 23, 2024 /PRNewswire/ -- With a longstanding reputation for trust, national homebuilder and land developer Taylor Morrison (NYSE: TMHC) has been recognized by Forbes on their inaugural list of the Most Trusted Companies in America. The homebuilder ranked No. 12 out of 300 companies across all industries. "There are few things more powerful than trust and it's something we strive to earn amongst all ...

National homebuilder earned its top score in corporate governance SCOTTSDALE, Ariz., Dec. 19, 2024 /PRNewswire/ -- For the third consecutive year, America's Most Trusted® Home Builder Taylor Morrison (NYSE: TMHC) has been recognized by Newsweek as one of America's Most Responsible Companies for 2025. Taylor Morrison earned its highest score in corporate governance, saw its largest increase in the environmental category, and continues to improve year over year with its overall and environmental scores. Each ...