Taylor Morrison Home Corp Stock Price, News & Analysis

On April 6, 2023, Taylor Morrison (NYSE: TMHC) was recognized on the Wall Street Journal's 2022 Management Top 250 list, ranking No. 167 among homebuilders, an impressive climb of 88 spots from the previous year. This acclaim reflects the company's strength in customer satisfaction and employee engagement. As the company celebrates its 10-year anniversary as a public entity, CEO Sheryl Palmer emphasized their commitment to creating long-term value for homebuyers and shareholders. Taylor Morrison achieved over 12,600 closings in 2022, a significant increase from 4,700 at its IPO in 2013, and reached a 24% return on equity. The company is advancing its DEIB strategy and enhancing governance transparency while focusing on sustainability and community initiatives.

Taylor Morrison Home Corporation (NYSE: TMHC) has announced it will release its first quarter 2023 results before the market opens on April 26, 2023. A conference call will follow at 8:30 a.m. ET to discuss the results. Investors can access the live audio webcast on the company's website under the Investor Relations section. The company is recognized as a leading national developer and homebuilder, catering to various consumer segments. Taylor Morrison has been awarded as America's Most Trusted® Builder from 2016 to 2023. More information can be found on their official website.

Taylor Morrison Home Corporation (NYSE: TMHC) reported strong fourth quarter results for 2022, with a net income of $275 million or $2.51 per diluted share, and adjusted net income at $321 million or $2.93 per diluted share.

The company experienced an 11% decline in home closings to 3,797 homes, generating $2.4 billion in revenue. Despite lower sales, gross margin improved by 190 basis points to 23.5%. SG&A as a percentage of revenue fell to 7.3%, a record low.

For full-year 2022, total revenue was $8.2 billion, up 9.6% year-over-year, with a 33% increase in book value per share to $42.38.

Taylor Morrison (NYSE: TMHC) is enhancing its employee benefits to include up to $20,000 in fertility treatments, covering IVF, surrogacy, and other reproductive assistance. This initiative aims to support various family-building methods, addressing the emotional and financial burdens of infertility. With approximately 45% of workers considering fertility benefits essential, Taylor Morrison responds to this demand while recognizing that many employers still lack such offerings. CEO Sheryl Palmer emphasizes the company's commitment to supporting team members through these challenging journeys.

Taylor Morrison Home Corporation (NYSE: TMHC) announced its fourth quarter 2022 earnings release set for February 15, 2023, prior to market opening. A conference call will follow at 8:30 a.m. ET the same day to discuss the results. Interested parties can access a live audio webcast on the company’s website, and a replay will be available afterward. Taylor Morrison, renowned for its diverse homebuilding brands, has earned the title of America's Most Trusted® Builder from Lifestory Research from 2016 to 2023, emphasizing its commitment to sustainability and community engagement.

Taylor Morrison Home Corporation (NYSE: TMHC) has launched its sixth annual charitable program, Build Joy, empowering team members to support local causes with $1,000 each. Since 2017, the initiative has contributed over $140,000 to approximately 80 philanthropic projects. This year, team members are addressing various community needs, including mental health awareness and support for domestic abuse victims. Examples include rebuilding facilities for disabled children and assisting crisis pregnant women. The company's commitment to local impact showcases its community focus and leadership in philanthropy.

Taylor Morrison (NYSE: TMHC) shares nine home design trends for 2023, emphasizing wellness and functionality. Highlights include outdoor living spaces to strengthen community ties, innovative 'Tech Spaces' for remote work comfort, and a new color palette featuring Sherwin-Williams' Redend Point. The company focuses on blending traditional and modern designs, promoting organization in homes, and sustainable indoor-outdoor connections. Taylor Morrison's commitment to improve consumer well-being is evident in these trends, appealing to evolving homeowner preferences.