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Mar 31, 2020
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
Taylor Morrison
Taylor Morrison
Forward Guidance
The company did not provide specific forward guidance in this earnings report.