Taylor Morrison Home (TMHC) Tops Q4 EPS by 2c

Taylor Morrison Home (NYSE: TMHC) reported Q4 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $970 million versus the consensus estimate of $984.99 million.

4th Quarter 2015 Key Business Highlights

• Average community count increased 30% from the prior year quarter to 286 average communities
• Net sales orders increased over 11% from the prior year quarter to 1,440
• Home closings increased over 5% from the prior year quarter to 2,068
• Backlog of homes under contract at the end of the quarter was 2,932 units, with a sales value of $1.4 billion
• Average price of homes closed was $452,000
• Average monthly absorption pace per community was 1.7 for the quarter
• Mortgage operations reported gross profit of $6.9 million on revenue of $14.3 million

For earnings history and earnings-related data on Taylor Morrison Home (TMHC) click here.

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