Taylor Morrison Home Corp Stock Price, News & Analysis

Taylor Morrison Home Corporation (NYSE: TMHC) continues its community-focused approach with its annual holiday program, Build Joy. For the fifth year, the program has contributed over $130,000 to support local causes through team member-generated philanthropic ideas. This year, 15 initiatives received funding, including a spa day for ICU nurses and educational support for high school students. The initiative underscores the company's commitment to philanthropy and community engagement, celebrating National Build Joy Day on Dec. 2.

Taylor Morrison Home Corporation (NYSE: TMHC) has partnered with Värde Partners to establish a $1 billion land banking facility and joint venture. This collaboration aims to accelerate the acquisition and development of residential land across various states, including Texas, Georgia, Arizona, and California, with future projects anticipated in the Carolinas and Florida. The partnership is positioned to leverage Värde's expertise in real estate investment and Taylor Morrison's reputation in homebuilding, enhancing Taylor Morrison's capacity to secure land and manage projects efficiently.

Taylor Morrison Home Corporation (TMHC) announced the appointment of Christopher Yip to its board of directors following the departure of former U.S. Senator Jeff Flake. Yip, a partner at RET Ventures, brings extensive expertise in real estate technology, which aligns with Taylor Morrison's commitment to digitizing the homebuying experience. His leadership is expected to enhance the company's innovation initiatives. With Yip's addition, a majority of the board will be diverse, reinforcing Taylor Morrison's dedication to board diversity.

Taylor Morrison Home Corporation (TMHC) has appointed Lou Steffens as its new Chief Financial Officer effective January 1, 2022. Steffens, previously the President of Mergers and Acquisitions, brings over 30 years of industry experience, having led significant acquisitions that have increased the company's operational scale. He succeeds Dave Cone, who is retiring after nine years in the role. Chairwoman and CEO Sheryl Palmer expressed confidence in Steffens' ability to drive the company forward, emphasizing operational excellence in their strategic journey.

Taylor Morrison Home Corporation (NYSE: TMHC) reported a strong third quarter for 2021, with net income rising to $168 million ($1.34 per diluted share) from $115 million ($0.87 per share) in Q3 2020. Home closings gross margin improved by 400 basis points to 21.2%. Backlog surged 32% to 10,273 homes valued at $6.1 billion. Despite industry challenges causing delays, management forecasts home closings at approximately 14,000 for 2021 and anticipates gross margins above 22% in 2022. The company emphasizes capital efficiency, returning $92 million to shareholders via share repurchases.

Taylor Morrison Home Corporation, the fifth largest homebuilder in the U.S., will release its third quarter 2021 results on October 27, 2021, before the market opens. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. Participants can access the call via a provided dial-in number or through a live audio webcast available on Taylor Morrison's investor relations website.

Taylor Morrison Home Corporation (TMHC) reported strong second-quarter results for 2021, with net income rising to $124 million or $0.95 per diluted share, compared to $65 million or $0.50 per share in Q2 2020. Gross margin on home closings increased by 370 basis points to 19.1%. Backlog surged 50% to 10,228 homes valued at $5.7 billion, marking a 78% increase. The company expects home closings to reach between 14,500 and 15,000 for the year and raised its gross margin guidance to the high-19 to 20 percent range amid ongoing supply challenges.

Taylor Morrison Home Corporation (TMHC), the fifth largest homebuilder in the U.S., will announce its second quarter 2021 results before the market opens on July 29, 2021. A conference call will follow at 8:30 a.m. ET on the same day, during which they will discuss the financial performance and results. Interested parties can access the audio webcast on Taylor Morrison's investor website, and a recording will also be available afterward. This timely update underlines Taylor Morrison's commitment to transparency and investor communication.

Taylor Morrison Home Corporation (NYSE: TMHC) announced the retirement of Dave Cone, Executive Vice President and Chief Financial Officer, expected later this year. Cone, who joined the company in 2012, has played a significant role in its growth, including completing an IPO and six acquisitions. The company is searching for his successor to maintain momentum and drive operational efficiency. Leadership expressed confidence in continued growth in the housing market, emphasizing the importance of strategic management in ensuring future shareholder value.