Welcome to our dedicated page for Taylor Morrison Home Corporation news (Ticker: TMHC), a resource for investors and traders seeking the latest updates and insights on Taylor Morrison Home Corporation stock.
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 Home Corporation (NYSE: TMHC) has announced a significant increase in its stock repurchase program, raising the available amount for repurchases from $250 million to $500 million until December 31, 2023. This decision, endorsed by the Board of Directors, aims to enhance shareholder value and reflects the company's strong cash flow and solid balance sheet. The repurchase strategy will be conducted in open market purchases and negotiated deals, factoring in market conditions, liquidity, and planned investments.
Taylor Morrison Home Corporation (TMHC) reported robust Q1 2022 results with net income rising to $177 million, or $1.44 per diluted share, marking increases of 80% and 92% from Q1 2021. Home closings revenue grew 21% to $1.6 billion, bolstered by improved gross margins at 23.1%. Despite a 7% decrease in backlog to 9,400 homes, the average sales price surged 24% to $659,000. The company reaffirmed its 2022 guidance, projecting home closings between 14,000 to 15,000, and raising gross margin expectations to over 24.5%. Liquidity remains strong at $1.4 billion.
Taylor Morrison Home Corporation (NYSE: TMHC) is set to release its first quarter 2022 results on April 27, 2022, before market opening. Following the announcement, a conference call will be held at 8:30 a.m. ET to discuss the results. The call will be accessible via a live audio webcast on the company's investor relations website, with a recording available for replay later. Taylor Morrison serves diverse consumers across the U.S., with brands catering to various homebuyer needs.
Taylor Morrison (NYSE: TMHC) is making significant strides in enhancing gender diversity within its workforce, achieving near parity with 54% male and 46% female representation. The company has seen a 21% increase in women in construction roles and earned a spot in Bloomberg's Gender-Equality Index for the fourth year. Collaborating with the Building Talent Foundation, Taylor Morrison aims to improve education and career progression for young individuals in the trades, with women making up 5.7% of placements compared to the industry average of 3.1%.
Taylor Morrison Home Corporation (TMHC) reported strong fourth-quarter results for 2021, with net income of $273 million and $2.19 per diluted share, marking year-over-year increases of 189% and 204%, respectively. Homes closed surged by 39% to 4,283, and total revenue rose 61% to $2.4 billion. Despite a 16% decline in net sales orders, backlog grew 9% to 9,114 sold homes. For 2022, the company anticipates gross margin of at least 23.5% and plans to deliver between 14,000 to 15,000 homes.
Taylor Morrison Home Company (NYSE: TMHC) has finalized the acquisition of approximately 20 acres of land in Melissa, Texas, in collaboration with Christopher Todd Communities. This site will be developed as a mixed-use project, featuring residential and commercial spaces, including a private amenity center and retail components. The project received unanimous approval from the City of Melissa and supports the extension of Melissa Road for improved access to the 2,000-acre Trinity Falls community.
Taylor Morrison Home Corporation (NYSE: TMHC) announced it will release its fourth quarter 2021 results on February 8, 2022, before market opening. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. The call will be available via a live audio webcast on the company’s investor website, with a replay accessible afterward. Taylor Morrison is recognized as a leading national homebuilder and has received accolades for its commitment to customer trust and sustainability.
The press release from Taylor Morrison (NYSE: TMHC) highlights home design trends for 2022, focusing on the evolving needs of homeowners. Key trends include:
- Mixing styles: Combining traditional and contemporary designs.
- Color collection: Collaboration with Sherwin-Williams features a palette emphasizing nature.
- Comfort and functionality: Demand for larger entry areas, bulk storage, and dedicated workspaces due to the pandemic.
- Technological integration: Enhancements via partnerships with appliance manufacturers to improve home automation.
Offerpad and Taylor Morrison Home Corporation have expanded their partnership to provide a seamless experience for new construction homebuyers in 14 markets, allowing them to sell their current home while purchasing a new one. Homeowners can benefit from a competitive cash offer within an hour, flexible closing dates, and extended stay options. Since launching in Phoenix, over 70 customers have successfully sold their homes through Offerpad. This initiative aims to simplify moving for homeowners and enhance customer satisfaction.
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