TMHC - Taylor Morrison Home Corporation Non-GAAP EPS of $2.93 beats by $0.16 revenue of $2.49B beats by $170M

• Taylor Morrison Home Corporation press release ( NYSE: TMHC ): Q4 Non-GAAP EPS of $2.93 beats by $0.16 .
• Revenue of $2.49B (-0.8% Y/Y) beats by $170M .
• Business Outlook
• Q1:
• Ending active community count is expected to be between 325 to 330
• Home closings are expected to be between 2,300 to 2,400
• Average closing price is expected to be between $630,000 to $640,000
• GAAP home closings gross margin is expected to be approximately 23.5 percent
• SG&A as a percentage of home closings revenue is expected to be approximately 11%
• Effective tax rate is expected to be approximately 25 percent
• Diluted share count is expected to be approximately 110 million
• FY23:
• Home closings are expected to be between 10,000 to 11,000
• Effective tax rate is expected to be approximately 25 percent
• Diluted share count is expected to be approximately 110 million
• Homebuilding land and development spend is expected to be similar to 2022

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