Taylor Morrison
🇺🇸 NYSE:TMHC
•
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.
Taylor Morrison Revenue
Taylor Morrison EPS
Taylor Morrison Revenue by Segment
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
- Macroeconomic uncertainties could impact future demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income