TMHC - Taylor Morrison Home Corporation Non-GAAP EPS of $2.19 beats by $0.12 revenue of $2.51B misses by $90M

Taylor Morrison Home Corporation press release (NYSE:TMHC): Q4 Non-GAAP EPS of $2.19 beats by $0.12. Revenue of $2.51B (+60.9% Y/Y) misses by $90M. Homes closed increased 39 percent to 4,283 homes and 61 percent in value to $2.4 billion. Net sales orders and monthly sales per community declined 16 percent to 3,124 and six percent to 3.2, respectively. Backlog increased nine percent to 9,114 sold homes with an average sales price of $632,000, up 26 percent. Homebuilding lot supply increased 10 percent to approximately 77,000 total lots owned and controlled. Controlled lots as a percentage of total lot supply increased approximately 700 basis points to 38 percent. First Quarter 2022 Ending active community count is expected to be between 310 to 315 Home closings are expected to be between 2,600 to 2,900 GAAP home closings gross margin is expected to be approximately 22 percent Effective tax rate is expected to

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Taylor Morrison Home Corporation Non-GAAP EPS of $2.19 beats by $0.12, revenue of $2.51B misses by $90M