Taylor Morrison Reports Q4 Results With Sales Orders Up 42% and Sales Pace Per Community Up More Than 60% Year-over-Year
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Taylor Morrison Home (TMHC) Tops Q4 EPS by 5c, Revenues Beat
February 5, 2020 6:58 AM ESTTaylor Morrison Home (NYSE: TMHC) reported Q4 EPS of $1.06, $0.05 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.43 billion.
Fiscal Year 2019 Highlights:
Net sales orders were 10,517, a 25 percent increase over the prior yearAverage monthly sales pace per community was 2.5, compared to 2.3 for 2018Home closings were 9,964, an almost 14 percent increase over the prior yearTotal revenue was $4.8 billion, a 13 percent increase over the prior yearHome closings gross margin adjusted for unusual items was 18.2 percent, while GAAP home... More