Taylor Morrison Extends and Increases Stock Repurchase Program
Repurchase program will have $250 million in availability for repurchases through December 31, 2022
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SCOTTSDALE, Ariz., June 1, 2021 /PRNewswire/ Taylor Morrison Home Corporation (NYSE: TMHC) (the Company ) today announced that its Board of Directors has increased the amount available for repurchases under its stock repurchase program by up to $250 million of the Company s Common Stock. Repurchases of the Company s Common Stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions through December 31, 2022. The increase in our share repurchase authorization is a reflection of our commitment to creating long-term value through strategic capital allocation, said Chief Financial Officer Dave Cone. Our strong outlook for operating cash flow has equipped us with flexibility to conti
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SCOTTSDALE, Ariz., April 29, 2021 /PRNewswire/ Taylor Morrison Home Corporation (NYSE: TMHC), the nation s fifth largest homebuilder, announced results for the first quarter ended March 31, 2021. Reported net income of $98 million, or $0.75 per diluted share, compared to a reported net loss of $31 million, or $0.26 per diluted share, in the first quarter of 2020.
The Company s first quarter included the following results, as compared to the prior-year quarter:
Net sales orders increased 30 percent to 4,492.
Monthly absorptions increased 42 percent to 4.3 net sales orders per community, a company record high.
Home closings gross margin increased 320 basis points to 18.6 percent.
Backlog increased 54 percent to 10,074 sold homes with a sales value of $5.3 billion, up 70 percent.
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SCOTTSDALE, Ariz., Feb. 10, 2021 /PRNewswire/
Taylor Morrison Home Corporation (NYSE: TMHC), the nation s fifth largest homebuilder, today announced financial results for the fourth quarter ended Dec. 31, 2020. The Company reported net income of $94 million, or $0.72 per diluted share, up 41 percent from the prior-year period. Adjusted net income was $115 million, or $0.87 per diluted share, after excluding transaction-related expenses and other unusual items.
The Company s fourth quarter included the following results, as compared to the prior-year quarter:
Monthly absorptions increased 31 percent to 3.4 net sales orders per community, among the highest levels in its public company history.
Total revenue increased six percent to $1.6 billion.
Operator
I would now like to introduce Mackenzie Aron, Vice President of Investor Relations.
Mackenzie Aron
Vice President, Investor Relations.
Thank you. We appreciate your interest in our fourth quarter 2020 earnings conference call. I am joined by Sheryl Palmer, Chairman and Chief Executive Officer; and Dave Cone, Executive Vice President and Chief Financial Officer. Sheryl will provide an overview of our performance and strategic priorities, while Dave will share the highlights of our financial results, after which we will be happy to take your questions. We ask that you please limit yourself to one question and one follow-up.
Let me remind you that today s call, including the question-and-answer session, includes forward-looking statements that are subject to the safe harbor statement for forward-looking information that you will find in today s earnings release, which is available on the Investor Relations portion of our website. These statements are subject to risks an