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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
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SCOTTSDALE, Ariz., Jan. 28, 2021 /PRNewswire/ A company s commitment to diversity and women s advancement within the workplace is more vital today than ever, and for the third consecutive year, national homebuilder and developer Taylor Morrison Home Corp. (NYSE: TMHC) is being recognized for such efforts. Taylor Morrison has been included as one of only 380 companies, and the only U.S. homebuilder, on the 2021 Bloomberg Gender-Equality Index (GEI), fostering greater transparency and an inclusive work environment in a traditionally male-dominated industry. Considering women tend to be key decision makers in the homebuying process, having a nearly equal male-to-female representation, 53 and 47 percent, respectively, helps us to mirror our customer base and better understand their wants and needs, said Taylor Morrison Chairman and CEO Sheryl Palmer. We all benefit from greater diversity of thought and the intrinsic differences men and women
Taylor Morrison Inspires Home Shoppers to Make Healthier Moves with Newest Brand Campaign
National homebuilder builds new homes with safer paint, healthier air and cleaner water products and technology standard
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SCOTTSDALE, Ariz., Jan. 26, 2021 /PRNewswire/ With the pandemic bringing a renewed focus on health and safety to the minds of consumers, Taylor Morrison (NYSE:TMHC), the nation s fifth largest homebuilder, recently unveiled a unique brand campaign within the residential homebuilding industry. The Make Healthier Moves campaign highlights Taylor Morrison s commitment to building healthy homes ensuring customers find peace of mind in their place of sanctuary.