For 2024 Taylor Morrison Home Now Expects To Deliver 12,725 (prior view 12,600 - 12,800); Sees Home Closings Gross Margin Around 24.3% (Prior View 24.0%)

Benzinga

2024-10-23

Full Year 2024

Home closings are now expected to be approximately 12,725
Average closing price is now expected to be approximately $600,000
Home closings gross margin is now expected to be approximately 24.3%
Ending active community count is expected to be between 330 to 340
SG&A as a percentage of home closings revenue is expected to be in the high-9% range
Effective tax rate is now expected to be between 24.5% to 25.0%
Diluted share count is expected to be approximately 107 million
Land and development spend is now expected to be around $2.5 billion
Share repurchases are expected to total approximately $300 million

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