Sector: Consumer Cyclicals | Industry: Homebuilding |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4900 N Scottsdale Rd Ste 2000 SCOTTSDALE AZ 85251 |
Tel: | 1-480-7342060 |
Website: | https://investors.taylormorrison.com/investor-relations/default.aspx |
IR: | See website |
Key People | ||
Sheryl Denise Palmer Chairman of the Board, President, Chief Executive Officer | Curt Vanhyfte Chief Financial Officer, Executive Vice President | Darrell C. Sherman Executive Vice President, Chief Legal Officer, Secretary | Louis Steffens Executive Vice President - Strategic and Operational Initiatives |
Business Overview |
Taylor Morrison Home Corporation (Taylor Morrison) is a national land developer and homebuilder in the United States. The Company's principal business is residential homebuilding and the development of lifestyle communities with operations across 11 states. The Company operates through four segments: East, Central, West and Financial Services. It provides an assortment of homes across a range of price points to appeal to an array of consumer groups. It designs, builds and sells single and multifamily detached and attached homes in traditionally high growth markets for entry level, move-up, and resort lifestyle buyers. It operates under various brand names, including Taylor Morrison, Darling Homes Collection by Taylor Morrison, and Esplanade. It also has a Build-to-Rent homebuilding business, which operates Yardly brand name. In addition, it develops and constructs multi-use properties consisting of commercial space, retail, and multifamily properties under the Urban Form brand name. |
Financial Overview |
For the fiscal year ended 31 December 2023, Taylor Morrison Home Corp revenues decreased 10% to $7.42B. Net income decreased 27% to $768.9M. Revenues reflect West segment decrease of 19% to $2.61B, Corporate and unallocated segment decrease of 86% to $13.2M. Net income also reflects General and administrative expenses - B increase of 28% to $194M (expense), Sales, commissions and other marketing increase of 5% to $418.1M (expense). |
Employees: | 2,800 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,925M as of Dec 31, 2023 |
Annual revenue (TTM): | $7,418M as of Dec 31, 2023 |
EBITDA (TTM): | $1,030M as of Dec 31, 2023 |
Net annual income (TTM): | $768.93M as of Dec 31, 2023 |
Free cash flow (TTM): | $772.74M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,219M as of Dec 31, 2023 |
Shares outstanding: | 106,064,222 as of Apr 1, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |