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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) Chairman and CEO Sheryl Palmer has been awarded the 2021 Hearthstone BUILDER Humanitarian Award for her dedication to community upliftment. Under her leadership, Taylor Morrison has become the fifth largest homebuilder in the U.S., recognized for its commitment to social responsibility. The company will distribute donations to HomeAid America and its Build Joy campaign, with Palmer's initiatives addressing homelessness and community support. This recognition reflects the company's culture and values, with Palmer being a prominent figure in a male-dominated industry.
The Ridge at Northlake, a master-planned community in Denton County, TX, has opened its first amenity complex covering over 4 acres on May 1. The centerpiece is a resort-style pool, complemented by fitness centers, a unique Ninja course, and a creative play area for children. Future plans include an adventure park and a second amenity campus, enhancing the lifestyle offerings for residents. The community will feature around 1,000 homes priced from $400k to $700k, developed by notable builders such as Coventry Homes and Taylor Morrison.
Taylor Morrison Home Corporation (TMHC) reported a strong Q1 2021, with net income of $98 million ($0.75/share), rebounding from a net loss of $31 million in Q1 2020. Key metrics included a 30% rise in net sales orders to 4,492, a 42% increase in monthly absorptions to 4.3 orders/community, and a backlog growth of 54% to 10,074 homes valued at $5.3 billion. The company raised its gross margin guidance to the low-19% range and expects strong cash flow and further debt reduction by 2022. The performance highlights the effectiveness of its strategic initiatives amid a robust housing market.
Taylor Morrison Home Corporation (TMHC), the fifth largest homebuilder in the U.S., will release its first quarter 2021 results before the market opens on April 29, 2021. The company will host a conference call at 8:30 a.m. ET on the same day to discuss its earnings. Investors can access a live webcast and an archive of the conference call on the company's investor relations website. Taylor Morrison is recognized as America's Most Trusted Home Builder for six consecutive years (2016-2021) and operates under various brands serving diverse consumer groups.
Taylor Morrison (NYSE: TMHC) highlights its commitment to gender equality in the construction industry, noting a nearly equal workforce representation with 53% male and 47% female employees. The company has increased female representation in construction roles by 19% over the past year. Taylor Morrison is also a participant in the Building Talent Foundation initiative, aiming to place 100,000 individuals in the construction sector by 2030. The firm was recognized for its gender equality efforts by Bloomberg's Gender-Equality Index for the third consecutive year.
Taylor Morrison Home Corporation (NYSE: TMHC) reported strong financial results for Q4 2020, with a net income of $94 million ($0.72 per diluted share), up 41% year-over-year. The company achieved a 46% increase in net sales orders, totaling 3,724, and its revenue rose 6% to $1.6 billion. Home closings gross margin improved significantly, reaching 18.3%, while backlog soared to over 8,400 homes valued at $4.2 billion. The company aims to further reduce its net debt-to-capitalization to the low-30% range by year-end 2021, maintaining strong liquidity of around $1.3 billion.
Taylor Morrison Home Corporation, the fifth largest homebuilder in the U.S., announced it will release its fourth quarter 2020 results before the market opens on February 10, 2021. The company will host a conference call at 8:30 a.m. ET the same day to discuss the results. Interested parties can access the live audio webcast on their website, where an archive will also be available. Taylor Morrison operates multiple brands and has been recognized as America's Most Trusted Home Builder for six consecutive years (2016-2021).
Taylor Morrison (NYSE: TMHC), the fifth largest homebuilder in the U.S., launched its 'Make Healthier Moves' campaign, focusing on building healthier homes amid heightened consumer health awareness due to the pandemic. The campaign promises homes equipped with safer paint, healthier air, and cleaner water at no extra cost, appealing especially to younger buyers. Survey results indicate over one-third of home shoppers prefer new constructions for better health features. The initiative builds on previous campaigns, reinforcing the company's commitment to customer wellness and trust.
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