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Free Post Earnings Research Report: Taylor Morrison’s Revenue Grew 6.4%

Stock Monitor: Toll Brothers Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 13, 2017 / Active-Investors free earnings report on Taylor Morrison Home Corp. (NYSE: TMHC) ("Taylor Morrison") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=TMHC. The Company posted its financial results on November 02, 2017, for the third quarter of the fiscal year 2017. The home builder's revenue and EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Toll Brothers, Inc. (NYSE: TOL), which also belongs to the Industrial Goods sector as the Company Taylor Morrison Home. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Taylor Morrison Home most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

For the three months ended September 30, 2017, Taylor Morrison's total revenues increased 6.4% to $908.03 million from $853.42 million in Q3 FY16. The Company's total revenue numbers surpassed analysts' expectations of $897.2 million.

During Q3 FY17, the Company's net sales orders decreased 9.7% to 1,761 homes from 1,950 homes in the same period of last year. For the reported quarter, the Company's net sales order value decreased 7.4% to $850.69 million from $918.62 million in Q3 FY16.

During Q3 FY17, the Company's sales order backlog increased 13.1% to 4,359 homes from 3,855 homes in the comparable period of last year. For the reported quarter, the Company's sales order backlog value increased 13.5% to $2.13 billion from $1.87 billion in Q3 FY16.

During Q3 FY17, Taylor Morrison's gross profit decreased 4.2% to $171.32 million from $178.85 million in the corresponding period of last year. For the reported quarter, the Company's gross margin decreased 210 basis points to 18.9% of revenue from 21% of revenue in the third quarter of last year.

During Q3 FY17, Taylor Morrison's earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 10% to $101.53 million from $112.82 million in the same period of last year. For the reported quarter, the Company's EBITDA margin decreased 200 basis points to 11.2% of revenue from 13.2% of revenue in the third quarter of last year.

During Q3 FY17, Taylor Morrison's adjusted EBITDA decreased 9.5% to $104.90 million from $115.91 million in the comparable period of last year. For the reported quarter, the Company's adjusted EBITDA margin decreased 200 basis points to 11.6% of revenue from 13.6% of revenue in the third quarter of last year.

During Q3 FY17, the Company's earnings before tax (EBT) decreased 12.6% to $78.98 million from $90.39 million in the corresponding period of last year. For the reported quarter, the Company's EBT margin decreased 190 basis points to 8.7% of revenue from 10.6% of revenue in the third quarter of last year.

For the reported quarter, Taylor Morrison's net income decreased 6.8% to $54.69 million from $58.68 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) decreased 8.2% to $0.45 from $0.49 in the same period of last year, surpassing analysts' expectations of $0.41.

Segment Details

Home Closings - During Q3 FY17, the Company's Home Closings segment's revenue increased 9.1% to $886.25 million from $812.19 million in the comparable period of last year. For the reported quarter, the segment's gross profit increased 7.1% to $164.61 million from $153.68 million in Q3 FY16.

Land Closings - During Q3 FY17, the Company's Land Closings segment's revenue decreased 84.3% to $4.30 million from $27.42 million in the corresponding period of last year. For the reported quarter, the segment's gross profit decreased 93.2% to $1.30 million from $19.24 million in Q3 FY16.

Mortgage Operations - During Q3 FY17, the Company's Mortgage Operations segment's revenue increased 26.6% to $17.48 million from $13.81 million in the same period of last year. For the reported quarter, the segment's gross profit decreased 8.9% to $5.41 million from $5.94 million in Q3 FY16.

Balance Sheet

As on September 30, 2017, Taylor Morrison's cash and cash equivalents decreased 11.8% to $264.86 million from $300.18 million as on December 31, 2016. For the reported quarter, the Company's net senior notes were $1.24 billion, almost on par with the $1.24 billion recorded in Q4 FY16.

Stock Performance Snapshot

December 12, 2017 - At Tuesday's closing bell, Taylor Morrison Home's stock marginally dropped 0.47%, ending the trading session at $23.35.

Volume traded for the day: 439.36 thousand shares.

Stock performance in the last month – up 1.61%; previous three-month period – up 12.26%; past twelve-month period – up 13.24%; and year-to-date – up 21.24%

After yesterday's close, Taylor Morrison Home's market cap was at $2.75 billion.

Price to Earnings (P/E) ratio was at 37.84.

The stock is part of the Industrial Goods sector, categorized under the Residential Construction industry. This sector was flat at the end of the session.

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