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Dec 31, 2021
Taylor Morrison Q4 2021 Earnings Report
Taylor Morrison reported strong Q4 2021 results, highlighted by a 204% year-over-year increase in diluted earnings per share.
Key Takeaways
Taylor Morrison reported a strong fourth quarter with a 204% increase in diluted earnings per share. The company's performance was driven by margin improvements and SG&A leverage, offsetting inflationary pressures and supply chain constraints. Net income increased 189% compared to the prior-year quarter.
Homes closed increased 39% to 4,283 homes, with a 61% increase in value to $2.4 billion.
Home closings gross margin improved 330 basis points to 21.6%.
Net sales orders and monthly sales per community declined 16% to 3,124 and six percent to 3.2, respectively.
Backlog increased nine percent to 9,114 sold homes with an average sales price of $632,000, up 26 percent.
Forward Guidance
Taylor Morrison provided guidance for the first quarter and full year of 2022, including expectations for active community count, home closings, gross margin, tax rate, and diluted share count.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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