SCOTTSDALE, Ariz., March 6,
2025 /PRNewswire/ -- Taylor Morrison Home Corporation
(NYSE: TMHC) ("Taylor Morrison"), a
leading national developer and homebuilder, will host its
first-ever Investor Day today in Sarasota, Florida.
The previously-announced event will feature presentations by
Taylor Morrison's executive
leadership team on the Company's long-term strategic vision and
guest speaker Ali Wolf, Chief
Economist at Zonda, on the state of the housing market. In-person
attendees will also join a tour of Taylor
Morrison communities and experience its award-winning
Esplanade resort lifestyle offerings.
At the event, the Company is providing an update to its
multi-year financial targets and introducing its longer-term growth
ambitions through 2028, including:
- At least 10% annual home closings growth
- Approximately 20,000 annual home closings by 2028
- Low-to-mid 20% home closings gross margin
- Low-three range annualized monthly sales pace
- Mid-to-high 8% SG&A as a percentage of home closings
revenue
- At least 65% of homebuilding lots controlled
- High-teen range return on equity
"Following years of intentional strategic positioning of our
company to deliver top-tier financial results, we are proud of the
transformation of Taylor Morrison's
operational capabilities and uniquely diversified homebuilding
portfolio," said Sheryl Palmer,
Chairman and CEO. "Our diversification, consumer centricity and
courage to chart our own path are competitive differentiators that
give us confidence in our positive long-term outlook despite the
broader headwinds facing our industry. We have a well-defined
strategy to drive profitable growth as we target approximately
20,000 home closings by 2028 while generating attractive and
improved returns for our shareholders."
A live webcast of the presentations and question-and-answer
sessions will be available on the Investor Relations page of
Taylor Morrison's website at
www.taylormorrison.com. Presentations are expected to begin at
12:00 p.m. ET and conclude at
3:30 p.m. ET. The webcast replay and
presentation materials will be available on the Investor Relations
webpage within 24 hours of the event.
About Taylor Morrison
Headquartered in Scottsdale, Arizona, Taylor
Morrison is one of the nation's leading homebuilders and
developers. We serve a wide array of consumers from coast to coast,
including first-time, move-up and resort lifestyle homebuyers and
renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From
2016-2025, Taylor Morrison has been
recognized as America's Most Trusted® Builder by Lifestory
Research. Our long-standing commitment to sustainable
operations is highlighted in our annual Sustainability and
Belonging Report.
For more information about Taylor
Morrison, please visit www.taylormorrison.com.
Forward-Looking Statements
This press release includes
"forward-looking statements." These statements are subject to a
number of risks, uncertainties and other factors that could cause
our actual results, performance, prospects or opportunities, as
well as those of the markets we serve or intend to serve, to differ
materially from those expressed in, or implied by, these
statements. You can identify these statements by the fact that they
do not relate to matters of a strictly factual or historical nature
and generally discuss or relate to forecasts, estimates or other
expectations regarding future events. Generally, the words
"anticipate," "ambitions," "estimate," "expect," "project,"
"target," "intend," "plan," "believe," "may," "will," "can,"
"could," "might," "should" and similar expressions identify
forward-looking statements, including statements related to
expected financial, operating and performance results, planned
transactions, planned objectives of management, future developments
or conditions in the industries in which we participate and other
trends, developments and uncertainties that may affect our business
in the future. These forward-looking statements are subject to
risks, uncertainties and assumptions, including, among other
things, the risks and uncertainties identified under "Risk Factors"
in Part I, Item 1A of our Annual Report on Form 10-K for
the fiscal year ended December 31, 2024, as updated in our
subsequent reports filed with the Securities and Exchange
Commission. You should not put undue reliance on any
forward-looking statements. Except as required by law, we do not
undertake any obligation to update or revise these forward-looking
statements to reflect new information or events or circumstances
that occur after the date of the issuance of this press
release or to reflect the occurrence of unanticipated events
or otherwise.
CONTACT:
Mackenzie Aron, VP Investor
Relations
Taylor Morrison Home Corp.
(407) 906-6262
investor@taylormorrison.com
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SOURCE Taylor Morrison
