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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 has been recognized in U.S. News & World Report's 2024-2025 Best Companies To Work For list. This is the second consecutive year the homebuilder has received this honor. Recognized categories include Overall Best, Real Estate, and West Region. Taylor Morrison scored high in quality of pay, work-life balance, belongingness, professional development, and comfort. The company's culture emphasizes respect, acceptance, and employee satisfaction. This accolade joins other honors, including America's Most Responsible Companies, America's Greenest Companies, and inclusion in the Bloomberg Gender-Equality Index and Fortune 500.
Taylor Morrison, in partnership with Banner MD Anderson Cancer Center and the Banner Health Foundation, has constructed and donated a new community of homes in Gilbert, Arizona, for cancer patients and their care partners. This initiative will house 80 patients annually, providing them with comfortable lodging within walking distance of the treatment center, eliminating the financial burdens of travel and long-term hotel stays. The homes feature 1,000-square-foot fully furnished units, each with two bedrooms, two bathrooms, and private backyards. This initiative is part of Banner MD Anderson's 'Home Away from Home' program, which supports patients undergoing lengthy treatments. The community was inaugurated with a grand opening event attended by local dignitaries and stakeholders.
Jaime Pou has been appointed as the new president of Taylor Morrison's Atlanta division. Pou, with over 20 years of experience in homebuilding, finance, and investment banking, plans to oversee the growth and expansion of eight new communities in Atlanta for 2024. He previously held leadership roles at Toll Brothers and Crescent Communities, and holds an MBA in Finance and Real Estate from The Wharton School.
Under Pou's leadership, Taylor Morrison Atlanta plans to open four communities in 2024, including Henson Square, Bennett Farm, Chandler Run, and Somerset at Veterans Memorial. The division will also enhance sales teams and refine land strategies. The new communities feature diverse housing options, from luxury single-family homes to urban townhomes, with prices starting from the high $600,000s. Additionally, Pou aims to introduce Taylor Morrison's resort lifestyle brand, Esplanade, to the Atlanta market, catering to the demand for upscale living.
Taylor Morrison Home reported its first-quarter results for 2024, showing a net income of $190 million and earnings per share of $1.75. The company experienced growth in net sales orders, home closings revenue, and homebuilding lots owned, among other positive developments. Taylor Morrison also raised its full-year guidance, expecting to deliver approximately 12,500 homes with a gross margin between 23.5% to 24.0%. The company's expansion into the Indianapolis market further diversifies its geographic footprint, reflecting strong growth potential.
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