Taylor Morrison Home Corporation Reports Record Q4 Non-GAAP EPS of $2.93 in 2023.
February 20, 2023
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Taylor Morrison Home ($NYSE:TMHC) Corporation recently announced record Q4 Non-GAAP EPS of $2.93 in 2023, exceeding expectations by a remarkable $0.16. This result reflects the organization’s strength and dedication to delivering quality products and services to its customers. The quarterly report marks the first time in the company’s history that they have achieved such a high Non-GAAP EPS. The impressive results signify Taylor Morrison Home Corporation’s success in capitalizing on potential opportunities and staying focused on growth. The company’s strategic initiatives, such as launching new products, expanding their customer base, and optimizing operational performance, have been fundamental in helping them reach this milestone.
Going forward, Taylor Morrison Home Corporation is confidently poised to continue its success in becoming the leader in the home-building industry. With their innovative approaches, experienced staff, and commitment to quality, the organization is well on its way to achieving their goal of delivering high-quality homes. With continued dedication to creating innovative solutions, Taylor Morrison Home Corporation is determined to remain the leading provider of quality homes for years to come.
Stock Price
This news caused the company’s stock to open at $35.7 and close the day with a 1.8% increase to $36.6 from the last closing price of $36.0. This news should prove to be a positive signal to shareholders, as the strong results demonstrate the company’s ability to turn in profits, regardless of economic conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TMHC. More…
| Total Revenues | Net Income | Net Margin |
| 8.22k | 1.05k | 12.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TMHC. More…
| Operations | Investing | Financing |
| 940.18 | -74.26 | -0.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TMHC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.47k | 3.82k | 40.05 |
Key Ratios Snapshot
Some of the financial key ratios for TMHC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | 63.1% | 17.1% |
| FCF Margin | ROE | ROA |
| 11.1% | 20.1% | 10.4% |
Analysis
GoodWhale conducted an analysis of TAYLOR MORRISON HOME’s financials, and the results were promising. According to our Star Chart, TAYLOR MORRISON HOME has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy. Furthermore, TAYLOR MORRISON HOME was found to be strong in asset and growth, medium in profitability, and weak in dividend. Following this analysis, we classified TAYLOR MORRISON HOME as a ‘cheetah’, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given the results of the analysis, investors who are looking for companies with rapid growth but can accept lower profitability as part of the trade-off may be attracted to TAYLOR MORRISON HOME. However, it is important to note that investing does come with risks, and investors should conduct thorough due diligence before deciding to invest in TAYLOR MORRISON HOME. More…
Peers
The homebuilding industry is highly competitive, with many large and small companies vying for market share. Among the largest builders are Taylor Morrison Home Corp, KB Home, Meritage Homes Corp, and Beazer Homes USA Inc. These companies compete on a variety of fronts, including price, product offerings, customer service, and geographic focus.
– KB Home ($NYSE:KBH)
KB Home is a homebuilding company that was founded in 1957. The company has a market cap of $2.46 billion and a return on equity of 18.25%. KB Home builds and sells both single-family and multi-family homes in the United States. The company has operations in 35 markets across nine states.
– Meritage Homes Corp ($NYSE:MTH)
Meritage Homes is a homebuilding company that was founded in 1985 and is headquartered in Scottsdale, Arizona. The company builds and sells single-family homes and multi-family homes in the United States. As of 2022, the company has a market cap of 2.65 billion and a return on equity of 22.62%. The company operates in over 50 markets across the United States and has built over 115,000 homes since its inception. Meritage Homes is a publicly-traded company and its stock is listed on the New York Stock Exchange.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilder that operates in the United States. The company has a market capitalization of $345.59 million and a return on equity of 15.8%. Beazer Homes builds and sells single-family homes, townhomes, and condominiums. The company operates in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
Summary
Taylor Morrison Home Corporation recently reported record fourth quarter Non-GAAP earnings of $2.93 per share for 2023. This strong financial performance shows the company’s ability to continuously generate profits in a volatile market. The increased revenue and home closings suggest that Taylor Morrison is at the center of the housing market growth over the last several quarters. Their product portfolio includes various homebuilding and financing solutions and they have successfully diversified their customer base through geographic expansion and strategic acquisitions.
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