Taylor Morrison Home ( (TMHC) ) has released its Q4 earnings. Here is a breakdown of the information Taylor Morrison Home presented to its investors.
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Taylor Morrison Home Corporation, headquartered in Scottsdale, Arizona, is a prominent homebuilder and land developer in the United States, catering to a wide range of consumers from first-time to luxury homebuyers.
In its recently released earnings report for the fourth quarter and full-year 2024, Taylor Morrison reported strong financial performance, with a significant increase in both net income and home closings revenue. The company achieved a reported net income of $242 million for the fourth quarter and $883 million for the full year, demonstrating robust growth.
Key financial highlights include a 12% year-over-year increase in home closings revenue for the fourth quarter, totaling $2.2 billion, and a similar growth rate for the full year, reaching $7.8 billion. The company also reported an 11% increase in net sales orders and significant improvements in margins and cost discipline, contributing to a rise in adjusted earnings per share. Taylor Morrison’s strategic focus on asset-lighter operations and sustainable growth paid off with a notable improvement in return on equity.
Looking ahead, Taylor Morrison remains optimistic about its growth prospects for 2025, despite potential market challenges. The company anticipates home closings to increase to between 13,500 and 14,000 units, with a stable home closings gross margin ranging from 23% to 24%. The management’s emphasis on capital-efficient growth and strategic share repurchase activities is expected to continue supporting strong financial performance.
