Taylor Morrison to Update Financial Targets and Introduce Long-Term Growth Aspirations at Today's Investor Day
Taylor Morrison (NYSE: TMHC) announces its first-ever Investor Day in Sarasota, Florida, where it will present updated financial targets and long-term growth plans through 2028. The company unveiled ambitious goals including:
- Targeting approximately 20,000 annual home closings by 2028
- Achieving at least 10% annual home closings growth
- Maintaining low-to-mid 20% home closings gross margin
- Targeting low-three range annualized monthly sales pace
- Aiming for mid-to-high 8% SG&A as percentage of revenue
- Controlling at least 65% of homebuilding lots
- Achieving high-teen range return on equity
The event features presentations from the executive team and Zonda's Chief Economist Ali Wolf on housing market conditions, along with tours of Taylor Morrison communities.
Taylor Morrison (NYSE: TMHC) annuncia il suo primo Investor Day a Sarasota, Florida, dove presenterà obiettivi finanziari aggiornati e piani di crescita a lungo termine fino al 2028. L'azienda ha svelato obiettivi ambiziosi tra cui:
- Mirare a circa 20.000 chiusure di case annuali entro il 2028
- Raggiungere almeno il 10% di crescita annuale nelle chiusure di case
- Mantenere un margine lordo sulle chiusure di case tra il 20% e il 25%
- Targetizzare un ritmo di vendite mensili annualizzate nella fascia bassa dei tre
- Puntare a una percentuale di SG&A tra l'8% e il 9% rispetto al fatturato
- Controllare almeno il 65% dei lotti per la costruzione di case
- Raggiungere un ritorno sul capitale proprio nella fascia alta dei teen
L'evento prevede presentazioni del team esecutivo e del Chief Economist di Zonda, Ali Wolf, sulle condizioni del mercato immobiliare, insieme a visite delle comunità di Taylor Morrison.
Taylor Morrison (NYSE: TMHC) anuncia su primer Investor Day en Sarasota, Florida, donde presentará objetivos financieros actualizados y planes de crecimiento a largo plazo hasta 2028. La empresa reveló metas ambiciosas que incluyen:
- Apuntar a aproximadamente 20,000 cierres de viviendas anuales para 2028
- Lograr al menos un 10% de crecimiento anual en los cierres de viviendas
- Mantener un margen bruto de cierres de viviendas entre el 20% y el 25%
- Apuntar a un ritmo de ventas mensual anualizado en el rango bajo de tres
- Buscar un SG&A del 8% al 9% como porcentaje de los ingresos
- Controlar al menos el 65% de los terrenos para construcción de viviendas
- Alcanzar un retorno sobre el capital en el rango alto de los adolescentes
El evento contará con presentaciones del equipo ejecutivo y de la economista jefe de Zonda, Ali Wolf, sobre las condiciones del mercado de la vivienda, junto con recorridos por las comunidades de Taylor Morrison.
테일러 모리슨 (NYSE: TMHC)는 플로리다 사라소타에서 첫 번째 투자자 데이를 개최하며, 2028년까지의 업데이트된 재무 목표와 장기 성장 계획을 발표할 예정입니다. 회사는 다음과 같은 야심찬 목표를 공개했습니다:
- 2028년까지 연간 약 20,000채의 주택 매매 완료 목표
- 연간 주택 매매 완료 성장률 10% 이상 달성
- 주택 매매 완료 총 마진을 20% 중반으로 유지
- 저세 범위의 연간화된 월간 판매 속도 목표
- 수익의 8% 중반에서 9%의 SG&A 비율 목표
- 주택 건설용 부지의 최소 65% 통제
- 높은 10대 비율의 자기자본수익률 달성
이 행사에서는 경영진의 발표와 Zonda의 수석 경제학자 Ali Wolf의 주택 시장 조건에 대한 발표가 있으며, 테일러 모리슨 커뮤니티 투어도 포함됩니다.
Taylor Morrison (NYSE: TMHC) annonce son tout premier Investor Day à Sarasota, en Floride, où elle présentera des objectifs financiers mis à jour et des plans de croissance à long terme jusqu'en 2028. L'entreprise a dévoilé des objectifs ambitieux, notamment :
- Viser environ 20 000 clôtures de maisons annuelles d'ici 2028
- Atteindre au moins 10 % de croissance annuelle des clôtures de maisons
- Maintenir une marge brute de clôtures de maisons entre 20 % et 25 %
- Viser un rythme de ventes mensuelles annualisées dans la fourchette basse de trois
- Avoir un SG&A de 8 % à 9 % en pourcentage des revenus
- Contrôler au moins 65 % des terrains de construction
- Atteindre un retour sur capital dans la fourchette haute des adolescents
L'événement comprend des présentations de l'équipe dirigeante et de la chef économiste de Zonda, Ali Wolf, sur les conditions du marché immobilier, ainsi que des visites des communautés de Taylor Morrison.
Taylor Morrison (NYSE: TMHC) kündigt seinen ersten Investor Day in Sarasota, Florida, an, wo aktualisierte finanzielle Ziele und langfristige Wachstumspläne bis 2028 präsentiert werden. Das Unternehmen hat ehrgeizige Ziele vorgestellt, darunter:
- Etwa 20.000 jährliche Wohnungsabschlüsse bis 2028 anzustreben
- Mindestens 10% jährliches Wachstum bei Wohnungsabschlüssen zu erreichen
- Eine Bruttomarge bei Wohnungsabschlüssen im niedrigen bis mittleren 20%-Bereich aufrechtzuerhalten
- Ein niedriges monatliches Verkaufsvolumen anzustreben
- Ein SG&A im mittleren bis hohen 8%-Bereich als Prozentsatz des Umsatzes anzustreben
- Mindestens 65% der Grundstücke für den Wohnungsbau zu kontrollieren
- Eine Eigenkapitalrendite im hohen Teenagerbereich zu erreichen
Die Veranstaltung umfasst Präsentationen des Führungsteams und von Zondas Chefökonomin Ali Wolf zu den Bedingungen des Wohnungsmarktes sowie Führungen durch die Gemeinschaften von Taylor Morrison.
- Ambitious growth target of 20,000 annual home closings by 2028
- Minimum 10% annual home closings growth commitment
- Strong gross margin target in low-to-mid 20% range
- High-teen ROE target indicates robust profitability goals
- Strategic control of 65%+ homebuilding lots ensures supply chain stability
- SG&A expenses remain relatively high at mid-to-high 8% of revenue
- Aggressive growth targets amid industry headwinds pose execution risks
Insights
Taylor Morrison's announcement of specific long-term financial targets represents a significant strategic development for the homebuilder. The company's projection of at least 10% annual growth in home closings through 2028 positions it for substantial expansion in the housing market, with an ambitious target of approximately 20,000 annual closings by 2028.
Particularly impressive is the company's commitment to maintaining low-to-mid 20% gross margins on home closings while growing at this pace. This suggests confidence in their operational execution and pricing power in their markets. The target of keeping SG&A expenses in the mid-to-high 8% range as a percentage of revenue indicates disciplined cost management as they scale.
Their lot control strategy is noteworthy - aiming to control at least 65% of homebuilding lots rather than owning them outright. This approach can enhance capital efficiency by reducing the amount of cash tied up in land assets while maintaining sufficient inventory for growth plans.
The high-teen range return on equity target signals a focus on shareholder value creation rather than just volume growth. These comprehensive targets across multiple financial metrics demonstrate management's confidence in their business model despite acknowledging industry headwinds.
Taylor Morrison's first-ever Investor Day timing suggests a milestone in corporate communication strategy, providing investors with clear benchmarks against which to measure future performance.
The previously-announced event will feature presentations by Taylor Morrison's executive leadership team on the Company's long-term strategic vision and guest speaker Ali Wolf, Chief Economist at Zonda, on the state of the housing market. In-person attendees will also join a tour of Taylor Morrison communities and experience its award-winning Esplanade resort lifestyle offerings.
At the event, the Company is providing an update to its multi-year financial targets and introducing its longer-term growth ambitions through 2028, including:
- At least
10% annual home closings growth - Approximately 20,000 annual home closings by 2028
- Low-to-mid
20% home closings gross margin - Low-three range annualized monthly sales pace
- Mid-to-high
8% SG&A as a percentage of home closings revenue - At least
65% of homebuilding lots controlled - High-teen range return on equity
"Following years of intentional strategic positioning of our company to deliver top-tier financial results, we are proud of the transformation of Taylor Morrison's operational capabilities and uniquely diversified homebuilding portfolio," said Sheryl Palmer, Chairman and CEO. "Our diversification, consumer centricity and courage to chart our own path are competitive differentiators that give us confidence in our positive long-term outlook despite the broader headwinds facing our industry. We have a well-defined strategy to drive profitable growth as we target approximately 20,000 home closings by 2028 while generating attractive and improved returns for our shareholders."
A live webcast of the presentations and question-and-answer sessions will be available on the Investor Relations page of Taylor Morrison's website at www.taylormorrison.com. Presentations are expected to begin at 12:00 p.m. ET and conclude at 3:30 p.m. ET. The webcast replay and presentation materials will be available on the Investor Relations webpage within 24 hours of the event.
About Taylor Morrison
Headquartered in Scottsdale,
For more information about Taylor Morrison, please visit www.taylormorrison.com.
Forward-Looking Statements
This press release includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "anticipate," "ambitions," "estimate," "expect," "project," "target," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things, the risks and uncertainties identified under "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as updated in our subsequent reports filed with the Securities and Exchange Commission. You should not put undue reliance on any forward-looking statements. Except as required by law, we do not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of the issuance of this press release or to reflect the occurrence of unanticipated events or otherwise.
CONTACT:
Mackenzie Aron, VP Investor Relations
Taylor Morrison Home Corp.
(407) 906-6262
investor@taylormorrison.com
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SOURCE Taylor Morrison
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