Taylor Morrison Home Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 11:20 am
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Taylor Morrison Home Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 2,060.56 million compared to USD 1,995.02 million a year ago. Net income was USD 234.6 million compared to USD 290.99 million a year ago. Basic earnings per share from continuing operations was USD 2.15 compared to USD 2.47 a year ago. Diluted earnings per share from continuing operations was USD 2.12 compared to USD 2.45 a year ago.
For the six months, revenue was USD 3,722.42 million compared to USD 3,698.15 million a year ago. Net income was USD 425.65 million compared to USD 467.69 million a year ago. Basic earnings per share from continuing operations was USD 3.91 compared to USD 3.91 a year ago. Diluted earnings per share from continuing operations was USD 3.85 compared to USD 3.87 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.