Taylor Morrison Home — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-25-024748
Showing in the filing
Ending active community count
“between 340 to 345”
Period
Q1 FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 16
Returns on equity
“sustainable mid-to-high teen”
Return on equity for the long term
“mid-to-high teen”
Home closings for FY2025
“between 13,500 to 14,000”
Total deliveries for FY2025
“between 13,500 to 14,000 homes”
Home closings for Q1 FY2025
“approximately 2,900”
Average closing price for Q1 FY2025
“between $590,000 to $600,000”
Home closings gross margin for Q1 FY2025
“high-23% range”
Ending active community count for Q1 FY2025
“between 340 to 345”
Effective tax rate for Q1 FY2025
“approximately 24%”
Diluted share count for Q1 FY2025
“approximately 104 million”
Home closings gross margin for FY2025
“between 23% to 24%”
Ending active community count for FY2025
“at least 355”
SG&A as a percentage of home closings revenue for FY2025
“mid-9% range”
Effective tax rate for FY2025
“between 24.5% to 25%”
Diluted share count for FY2025
“approximately 102 million”
Homebuilding land acquisition and developmen… for FY2025
“around $2.6 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Business Outlook First Quarter 2025
•
Home closings are expected to be approximately 2,900
•
Average closing price is expected to be between $590,000 to $600,000
•
Home closings gross margin is expected to be in the high-23% range
•
Ending active community count is expected to be between 340 to 345
•
Effective tax rate is expected to be approximately 24%
•
Diluted share count is expected to be approximately 104 million
Full Year 2025
•
Home closings are expected to be between 13,500 to 14,000
•
Average closing price is expected to be between $590,000 to $600,000
•
Home closings gross margin is expected to be between 23% to 24%
•
Ending active community count is expected to be at least 355
•
SG&A as a percentage of home closings revenue is expected to be in the
mid-9% range
•
Effective tax rate is expected to be between 24.5% to 25%
•
Diluted share count is expected to be approximately 102 million
•
Homebuilding land acquisition and development investment is expected to be around $2.6 billion
•
Share repurchases are expected to be in the range of $300 million to $350 million
Quarterly Financial Comparison
(Dollars in thousands)
Q4 2024
Q4 2023
Q4 2024 vs. Q4 2023
Total
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.