Taylor Morrison reports Q4 adjusted EPS $2.93, consensus $2.69

Reports Q4 revenue $2.49B, consensus $2.39B. Home closings declined 11% to 3,797 homes. "Our team’s strong fourth quarter execution wrapped up a historic year for Taylor Morrison, marked by record levels of profitability and operational performance. Despite the swift change in housing market conditions that unfolded during the year, our teams delivered over 12,600 homes at a record adjusted home closings gross margin of 25.5%, which was up more than 500 basis points, and all-time low SG&A ratio of 8.2% in 2022. This produced a nearly-60% increase in our net income on a 10% increase in total revenue," said Sheryl Palmer, Taylor Morrison Chairman and CEO.