Taylor Morrison Reports First Quarter 2021 Results, Including 42% Year-Over-Year Growth to 4.3 Net Sales Orders per Community
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Taylor Morrison Home (TMHC) Reports In-Line Q1 EPS, Revenues Miss
April 29, 2021 6:57 AM EDTTaylor Morrison Home (NYSE: TMHC) reported Q1 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $1.42 billion versus the consensus estimate of $1.47 billion.
The Company's first quarter included the following results, as compared to the prior-year quarter:
Net sales orders increased 30 percent to 4,492.Monthly absorptions increased 42 percent to 4.3 net sales orders per community, a company record high.Home closings gross margin increased 320 basis points to 18.6 percent.Backlog increased 54 percent to 10,074 sold homes with a sales value of $5.3 billion, up 70 percent.Homebuilding lot... More