Taylor Morrison Reports First Quarter 2020 Results with Sales Orders Up Approximately 33% and Closings Up Approximately 43% Year-over-Year

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Go back to Taylor Morrison Reports First Quarter 2020 Results with Sales Orders Up Approximately 33% and Closings Up Approximately 43% Year-over-Year

Taylor Morrison Home (TMHC) Tops Q1 EPS by 15c, Revenues Beat

May 6, 2020 6:57 AM EDT

Taylor Morrison Home (NYSE: TMHC) reported Q1 EPS of $0.57, $0.15 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.26 billion.

First Quarter 2020 Highlights:

Net sales orders were 3,466, approximately a 33 percent increase over the prior year quarterAverage monthly sales pace per community was 3.1, compared to 2.3 from the first quarter 2019Home closings were 2,761, an almost 43 percent increase over the prior year quarterTotal revenue was $1.3 billion, an almost 46 percent increase over the prior year quarterSG&A as a percentage of... More