Taylor Morrison Reports Fourth Quarter 2020 Results, Including 31% Year-Over-Year Growth to 3.4 Net Sales Orders per Community
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Taylor Morrison Home (TMHC) Tops Q4 EPS by 5c, Revenues Beat
February 10, 2021 7:00 AM ESTTaylor Morrison Home (NYSE: TMHC) reported Q4 EPS of $0.87, $0.05 better than the analyst estimate of $0.82. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.45 billion.
The Company's fourth quarter included the following results, as compared to the prior-year quarter:
Monthly absorptions increased 31 percent to 3.4 net sales orders per community, among the highest levels in its public company history.Total revenue increased six percent to $1.6 billion.GAAP home closings gross margin increased 410 basis points to 18.3 percent.Adjusted home closings gross margin, exclusive of... More