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Dec 31, 2024
Taylor Morrison Q4 2024 Earnings Report
Key Takeaways
Taylor Morrison reported strong Q4 2024 results with a 16.7% year-over-year revenue increase to $2.36 billion. Net income rose to $242 million, or $2.30 per diluted share, while adjusted net income reached $278 million, or $2.64 per diluted share. Home closings revenue grew 12% to $2.2 billion, driven by higher sales and a marginally increased average selling price.
Forward Guidance
Taylor Morrison expects continued growth in 2025, forecasting increased home closings and stable margins despite market uncertainties.
Positive Outlook
- Forecasting home closings between 13,500 and 14,000
- Home closings gross margin expected between 23% to 24%
- Ending active community count projected to reach at least 355
- Strong capital allocation with planned $300M-$350M in share repurchases
- Maintained financial strength with projected SG&A in mid-9% range
Challenges Ahead
- Potential market volatility in interest rates affecting housing demand
- Cancellations increased to 13.1% from 11.6% year-over-year
- Backlog decreased by 10.3% compared to prior year
- Slightly lower average selling prices expected in some segments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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