NYSE$TMHC

Taylor Morrison Home Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Taylor Morrison reported strong Q4 2021 results, highlighted by a 204% year-over-year increase in diluted earnings per share.

Taylor Morrison reported a strong fourth quarter with a 204% increase in diluted earnings per share. The company's performance was driven by margin improvements and SG&A leverage, offsetting inflationary pressures and supply chain constraints. Net income increased 189% compared to the prior-year quarter.

  • Homes closed increased 39% to 4,283 homes, with a 61% increase in value to $2.4 billion.
  • Home closings gross margin improved 330 basis points to 21.6%.
  • Net sales orders and monthly sales per community declined 16% to 3,124 and six percent to 3.2, respectively.
  • Backlog increased nine percent to 9,114 sold homes with an average sales price of $632,000, up 26 percent.

Headline financials

Total Revenue

$2.51B

Previous: $1.56B+60.8%
EPS (adj)

$2.19

Previous: $0.87+151.7%
Capital Expenditures

$5.5M

Previous: $12.5M-55.9%
Free Cash Flow

$475M

Previous: $313M+51.8%
Net Income

$273M

Previous: $94M+190.1%
Operating Income

$343M

Previous: $119M+187.7%
Gross Profit

$552M

Previous: $293M+88.8%
Cash & Equivalents

$833M

Previous: $533M+56.3%
Total Assets

$8.73B

Previous: $7.74B+12.8%
Stock-Based Comp

$4.82M

Previous: $4.87M-1.1%

Revenue & EPS history

Taylor Morrison · Revenue · Quarterly

$2.51B

Q4 2021+60.8%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Taylor Morrison provided guidance for the first quarter and full year of 2022, including expectations for active community count, home closings, gross margin, tax rate, and diluted share count.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.0%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.0%

Avg return

30 days after

42%

22 / 53 earnings

Positive

+11.5%

Q3 2021

Best reaction

-8.9%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.5%+1.6%-6.4%
Q4 2025-1.1%+3.7%-10.9%
Q3 2025-3.2%-4.4%-2.9%
Q2 2025-1.9%-0.8%+0.5%
Q1 2025-2.0%-2.6%-4.0%
Q4 2024+3.3%+2.9%-5.9%
Q3 2024+5.4%+7.8%+9.6%
Q2 2024-0.6%+2.8%+4.1%
Q1 2024-2.8%-0.9%-1.0%
Q4 2023+7.9%+3.2%+6.4%
Q3 2023-2.8%-3.6%+15.3%
Q2 2023-5.4%-3.2%-11.5%
Q1 2023+4.9%+5.6%+7.9%
Q4 2022+0.6%-0.4%-1.3%
Q3 2022-4.0%-2.6%+8.6%
Q2 2022+4.8%+6.1%-3.0%
Q1 2022-1.5%-1.3%+4.3%
Q4 2021+4.2%-0.5%+4.4%
Q3 2021+11.5%+14.4%+16.5%
Q2 2021+6.3%+8.3%+13.2%
Q1 2021-4.8%-3.8%-9.7%
Q4 2020-0.5%-3.0%-3.2%
Q3 2020-3.4%-3.8%+11.7%
Q2 2020-5.3%-6.5%-1.9%
Q1 2020-0.5%+8.9%+48.4%
Q4 2019-0.5%-1.3%-18.5%
Q3 2019-5.1%-8.6%-12.1%
Q2 2019+2.1%-1.2%+6.4%
Q1 2019+9.8%+6.9%+3.2%
Q4 2018-6.4%-8.4%-10.5%
Q3 2018+2.7%+4.4%+6.9%
Q2 2018-0.9%-0.6%-0.4%
Q1 2018-6.0%-5.6%-10.0%
Q4 2017-1.2%-2.3%-2.2%
Q3 2017-3.3%-2.9%-1.0%
Q2 2017-3.7%-3.7%-12.3%
Q1 2017+2.6%+2.2%+5.1%
Q4 2016-8.9%+0.1%+9.2%
Q3 2016+6.2%+9.5%+17.3%
Q2 2016+5.6%+8.9%+10.8%
Q1 2016-3.8%
Q4 2015+3.7%
Q3 2015-6.3%
Q2 2015+5.4%
Q1 2015+1.0%
Q4 2014-2.8%
Q3 2014+6.3%
Q2 2014-0.6%
Q1 2014+0.3%
Q4 2013+8.1%
Q3 2013-2.0%
Q2 2013-8.8%
Q1 2013-5.4%
Q3 2012
Q2 2012
Q1 2012

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