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Taylor Morrison Home Corporation (NYSE: TMHC) is a premier national homebuilder and land developer, headquartered in Scottsdale, Arizona. Recognized as America’s Most Trusted™ Home Builder from 2016 to 2024 by Lifestory Research, Taylor Morrison builds and sells a diverse range of single-family and multi-family homes across various price points, catering to different consumer demographics including first-time buyers, move-up buyers, luxury homebuyers, and the 55-plus segment.
Operating under the well-regarded brands of Taylor Morrison and Darling Homes, the company is dedicated to creating homes and communities that elevate the quality of life for residents. In Texas, Darling Homes is known for its focus on individuality and custom details, maintaining the high standards set by Taylor Morrison. The company's homes range in price from the low $100,000s to over $1,000,000, designed to meet the needs and preferences of a broad consumer base.
Recent achievements include strong financial performance, with reported net income for the third quarter of 2023 at $171 million, or $1.54 per diluted share. The company closed over 2,600 homes with an adjusted home closings gross margin of 23.9%. Additionally, Taylor Morrison has been actively investing in land, retiring debt, and repurchasing shares, ending the quarter with a substantial liquidity position of $1.6 billion.
The company’s diverse business model includes four reportable segments: East, Central, West, and Financial Services, with the majority of its revenue coming from the East Segment. Taylor Morrison's strategic approach includes a balanced product portfolio and a focus on high-quality community locations. Recent expansions, such as the acquisition of 1,500 lots in Indianapolis, Indiana, emphasize the company's commitment to growth and geographic diversification.
In addition to homebuilding, Taylor Morrison is recognized for its robust commitment to sustainability and community engagement, as detailed in its annual Environmental, Social, and Governance (ESG) Report. The company’s focus on operational efficiency, strategic land investments, and financial strength positions it well for continued success in a competitive market.
Taylor Morrison (NYSE: TMHC) has appointed Fletcher Previn, Cisco's chief information officer, to its Board of Directors effective Dec. 1, replacing William H. Lyon who is retiring. Previn brings over 20 years of experience in IT and cybersecurity from roles at Cisco, IBM, and Walmart. Additionally, the company announced its second cohort of board fellows through its Board Fellowship Program, with Citigroup Managing Director Anissa Dhouibi and Executive Coach Analiza Wolf joining in December 2024, succeeding the first cohort who completed their 18-month term in August.
Taylor Morrison (NYSE: TMHC) has been named to Newsweek's 2025 America's Greenest Companies list for the second consecutive year, earning four out of five stars. The recognition highlights the company's environmental initiatives, including a 10% improvement in home energy efficiency since 2020 and recycling over 3 million pounds of concrete in 2023.
Key sustainability achievements include enhanced greenhouse gas emissions assessment, water conservation through WaterSense-certified fixtures, biodiversity protection through National Wildlife Federation partnership, and sustainable building practices. The company's environmental efforts are aligned with SASB, GRI, UN SDGs, and TCFD standards, demonstrating their commitment to reducing environmental impact across operations.
Taylor Morrison Home (TMHC) reported strong third quarter 2024 results with net income of $251 million, or $2.37 per diluted share, up from $171 million in Q3 2023. Key highlights include a 54% increase in diluted EPS, 9% growth in net sales orders to 2,830, and home closings revenue of $2.0 billion from 3,394 closings at an average price of $598,000. The company achieved a home closings gross margin of 24.8%, up from 23.1% year-over-year, and maintained strong liquidity of $1.2 billion. For full-year 2024, Taylor Morrison expects approximately 12,725 home closings with a gross margin of 24.3%.
Taylor Morrison Home (NYSE: TMHC) has announced the date for its third quarter 2024 earnings release and webcast conference call. The company will release its Q3 2024 results before the market opens on Wednesday, October 23, 2024. A conference call to discuss the results will be held 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 in the Investor Relations section under Events & Presentations. Participants are required to register for the event to receive a unique passcode and dial-in information. The call will be recorded and available for replay on the company's website. Taylor Morrison's filings will be accessible on their website or through the SEC at sec.gov.
Taylor Morrison, America's Most Trusted® Home Builder, has released its sixth annual Sustainability and Belonging Report, highlighting the company's commitment to corporate responsibility. The report showcases:
- A more comprehensive assessment of the company's carbon footprint
- A 10% improvement in average Home Energy Rating System (HERS®) score since 2020
- Continued focus on biodiversity protection through partnership with the National Wildlife Federation
- Enhanced tools for making home purchases more accessible
- Promotion of a culture of belonging and diversity
Taylor Morrison boasts an equal male-to-female ratio on its board of directors and a workforce comprised of 44% women, significantly higher than the industry average. The company's disclosures align with SASB, GRI, UN SDGs, and TCFD standards, and it has received national recognition for its sustainability efforts.
Taylor Morrison (NYSE: TMHC), America's Most Trusted® Home Builder, is set to film an episode of ABC's Extreme Makeover: Home Edition in Houston. As the exclusive homebuilder for the series, Taylor Morrison will construct a new home in its Mason Woods community for a deserving local family. The build will take place from August 17-23, 2024, involving 2,000 volunteers in a round-the-clock operation to complete the home in under seven days.
The show, hosted by Clea Shearer and Joanna Teplin of The Home Edit, will showcase heartwarming stories and impressive builds for families who give back to their communities. Taylor Morrison's partnership with The Home Edit extends beyond the show, offering organization tips and products for homeowners. Volunteer and donation opportunities are available to the public, with volunteers required to be 18 years or older.
Taylor Morrison Home (NYSE: TMHC) reported second quarter 2024 results with net income of $199 million, or $1.86 per diluted share. Adjusted net income was $211 million, or $1.97 per diluted share. Key highlights include:
- Net sales orders increased 3% to 3,111
- Home closings revenue of $1.9 billion
- Home closings gross margin of 23.8% (23.9% adjusted)
- Repurchased 1.7 million common shares for $105 million
- Total liquidity of $1.3 billion
The company updated its full-year 2024 guidance, now expecting 12,600 to 12,800 home closings with a gross margin around 24%. Taylor Morrison remains confident in its diversified strategy and long-term growth targets.
Taylor Morrison, America's Most Trusted® Home Builder, is set to be the first-ever exclusive homebuilder for ABC's reboot of Extreme Makeover: Home Edition. The show will build two brand-new homes in Auburndale, Florida, within Taylor Morrison's Brookland Park community this August.
The build will take place from August 4 to August 12, 2024, involving Taylor Morrison's Tampa and Orlando division teams, local and national trade partners, and 2,000 volunteers in a round-the-clock operation. The homes will be designed by Taylor Morrison and finished with organized spaces by The Home Edit, creating stress-free move-ins for two deserving local families.
This collaboration follows Taylor Morrison's existing partnership with The Home Edit, which began last summer to reduce moving stress and add functionality to the process. Volunteer and donation opportunities are available to the public for both episodes.
Taylor Morrison (NYSE: TMHC) has been selected as the exclusive homebuilder for the reboot of Extreme Makeover: Home Edition on ABC. The show, hosted by Clea Shearer and Joanna Teplin of The Home Edit, will feature Taylor Morrison building brand-new homes for deserving families. This partnership marks the first time the show has had an exclusive homebuilder partner.
The collaboration builds on Taylor Morrison's existing partnership with The Home Edit, which focuses on reducing moving stress and enhancing home organization. The series will showcase Taylor Morrison's thoughtfully designed homes, finished with organized spaces by The Home Edit, creating stress-free move-ins for the featured families.
Taylor Morrison Home (NYSE: TMHC), a leading national developer and homebuilder, announced the release date for its second quarter 2024 earnings results. The results will be disclosed before the market opens on July 24, 2024.
A conference call to discuss the results will be held on the same day at 8:30 a.m. ET. The live audio webcast will be accessible on Taylor Morrison's website under the Investor Relations section. The conference call dial-in number is (833) 470-1428 with the conference ID 302287. A replay of the call will also be available on the company’s website.
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