Taylor Morrison Q1 2020 Earnings Report

Taylor Morrison reported first quarter results with sales orders up approximately 33% and closings up approximately 43% year-over-year.

Key Takeaways

Taylor Morrison reported adjusted diluted earnings per share of $0.57 and GAAP diluted earnings per share of ($0.26) for the first quarter of 2020. Net sales orders increased by approximately 33% year-over-year, and home closings increased by almost 43% year-over-year. Total revenue was $1.3 billion, an almost 46% increase over the prior year quarter.

Net sales orders were 3,466, approximately a 33 percent increase over the prior year quarter

Average monthly sales pace per community was 3.1, compared to 2.3 from the first quarter 2019

Home closings were 2,761, an almost 43 percent increase over the prior year quarter

Total revenue was $1.3 billion, an almost 46 percent increase over the prior year quarter