Reports Q4 revenue $2.02B, consensus $1.84B. Net sales orders increased 30% to 2,361. “Our team’s strong fourth quarter execution wrapped up another tremendous year for Taylor Morrison. In total, we delivered 11,495 homes to generate $7.2 billion of homebuilding revenue at a healthy adjusted home closings gross margin of 24.0%, driving adjusted earnings of $7.54 per diluted share. Our earnings combined with $889 million of share repurchases over the last four years drove our book value per share to a new high of $49, which was up 15% from a year ago and 53% from two years ago,” said Sheryl Palmer, Taylor Morrison chairman and CEO.
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