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Taylor Morrison Home Corporation (TMHC) Tops Q4 EPS by 9c

February 4, 2015 7:03 AM EST

Taylor Morrison Home Corporation (NYSE: TMHC) reported Q4 EPS of $0.84, $0.09 better than the analyst estimate of $0.75. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.09 billion.

  • U.S. home closings revenue increased 56% to $966 million for the quarter
  • U.S. home closings increased 35% to 1,967 in the quarter and 20% to 5,642 for the year
  • U.S. average price of homes closed increased 16% to $491,000 in the quarter
  • U.S. net sales orders increased 24% to 1,295 in the quarter and 14% to 5,728 for the year

“Our results this quarter and for the whole of 2014 continue to demonstrate that our long-term strategy, anchored on the pillars of prime locations, consumer focus, cost efficiency and maximizing shareholder value, is a profitable one and has proven successful,” said Taylor Morrison President and CEO Sheryl Palmer. “It was a record year for Taylor Morrison in several metrics including sales, closings, revenue, community openings, SG&A and net operating profit. I believe we will show ongoing strength in our existing operations and have a pivotal year ahead with an operating team solely focused on opportunities in the United States.”

For earnings history and earnings-related data on Taylor Morrison Home Corporation (TMHC) click here.



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