Taylor Morrison Home Corporation - TMHC STOCK NEWS

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.

Taylor Morrison Home Corporation (NYSE: TMHC) announced the renewal of its stock repurchase program until December 31, 2021, authorizing the repurchase of up to $100 million of its Common Stock. This decision reflects the company's commitment to enhancing long-term shareholder value and taking advantage of current stock valuations. Since 2015, Taylor Morrison has repurchased approximately $635 million worth of shares, equating to over 25% of shares outstanding. Future repurchases will depend on market conditions, liquidity, and other financial considerations.

Taylor Morrison (NYSE:TMHC) launched its inaugural National Build Joy Day on December 2, 2020, focusing on community support amid the COVID-19 pandemic. The initiative invites team members to use $1,000 to 'Build Joy' in their communities. This year, 20 selected projects, funded by the company, impacted lives in 10 states, aiding students, veterans, and families in need. Additionally, Taylor Morrison contributed $60,000 to Feeding America and HomeAid America to enhance its philanthropic efforts. The company aims to inspire broader community involvement in building joy.

Taylor Morrison (NYSE: TMHC) surveyed design experts to predict home design trends for 2021, reflecting the evolving relationship between homeowners and their spaces. Key anticipated trends include cozy coastal aesthetics for vacation-like vibes, health-focused features via their TM LiveWell brand, and the introduction of Urbane Bronze as the Color of the Year. Other highlights are the embracing of neutral warmth, organized spaces, and mixed metallics. The company aims to enhance living experiences, making homes a sanctuary for well-being amidst ongoing global challenges.

Taylor Morrison Home Corporation (NYSE: TMHC) reported robust third quarter 2020 results with a net income of $115 million, up 38% year-over-year, translating to $0.87 per diluted share. Adjusted net income rose 53% to $133 million or $1.01 per share. Revenue surged 54% to $1.70 billion. Monthly absorptions hit a historic high of 3.8 net sales per community, while net sales orders increased by 74% to 4,425. The company also improved its balance sheet, reducing net debt by $497 million, and anticipates a net debt-to-capital ratio in the high-30% range by the end of 2021.

Taylor Morrison announces the launch of its Esplanade brand's first two communities on the West Coast, located in California: Esplanade at Sommers Bend in Temecula and Esplanade at Turkey Creek in Lincoln. The new developments will introduce upscale amenities and a resort-style living experience to active lifestyle residents. Esplanade at Turkey Creek will feature 850 homes with a 5.5-acre amenity site, including a 20,000 sq. ft. Lodge and various recreational facilities. Sales will commence in early 2021, catering to the growing demand for luxurious, community-oriented living.