Taylor Morrison to Update Financial Targets and Introduce Long-Term Growth Aspirations at Today's Investor Day
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
[email protected]
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SOURCE Taylor Morrison