Taylor Morrison Home Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 03:50 pm IST
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Taylor Morrison Home Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,675.55 million compared to USD 2,034.64 million a year ago. Net income was USD 170.69 million compared to USD 309.78 million a year ago. Basic earnings per share from continuing operations was USD 1.57 compared to USD 2.75 a year ago. Diluted earnings per share from continuing operations was USD 1.54 compared to USD 2.72 a year ago.
For the nine months, revenue was USD 5,397.97 million compared to USD 5,732.79 million a year ago. Net income was USD 596.34 million compared to USD 777.47 million a year ago. Basic earnings per share from continuing operations was USD 5.48 compared to USD 6.63 a year ago. Diluted earnings per share from continuing operations was USD 5.4 compared to USD 6.56 a year ago.
Taylor Morrison Home Corporation (Taylor Morrison) is a national land developer and homebuilder in the United States. The Companyâs 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.