Brief: Taylor Morrison Reports First Quarter 2023 Results, Earnings Per Diluted Share Of $1.74

Taylor Morrison Home

26/04/2023 11:20

April 26 (Reuters) - Taylor Morrison Home Corp  TMHC.N :
    * TAYLOR MORRISON REPORTS FIRST QUARTER 2023 RESULTS,
INCLUDING
EARNINGS PER DILUTED SHARE OF $1.74
    * QTRLY HOME CLOSINGS DECLINED EIGHT PERCENT TO 2,541 HOMES
    * SEES FY 2023 HOME CLOSINGS ARE EXPECTED TO BE BETWEEN
10,000 TO
11,000
    * Q2 HOME CLOSINGS ARE EXPECTED TO BE BETWEEN 2,600 TO 2,700
    * Q2 AVERAGE CLOSING PRICE IS EXPECTED TO BE BETWEEN
$630,000 TO
$635,000
    * BOARD APPROVED REQUEST FROM LOUIS STEFFENS, EVP AND CFO,
TO STEP
DOWN FROM HIS CFO RESPONSIBILITIES, EFFECTIVE MAY 1
    * STEFFENS WILL REMAIN WITH COMPANY AS EVP OF STRATEGIC AND
OPERATIONAL INITIATIVES AND ASSIST IN CFO TRANSITION
    * Q1 EARNINGS PER SHARE VIEW $1.35, REVENUE VIEW $1.50
BILLION --
REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $6.45 BILLION -- REFINITIV IBES DATA
    * CURT VANHYFTE, CO'S WEST AREA PRESIDENT, WILL SERVE AS
INTERIM
CFO AS CO COMMENCE SEARCH FOR STEFFENS' PERMANENT SUCCESSOR
    * TAYLOR MORRISON - ENCOURAGED BY IMPROVING SALES & CONSUMER
SENTIMENT, BUT RECOGNIZE UNCERTAINTY SURROUNDING INTEREST RATES,
ECONOMIC CONDITIONS

Source text for Eikon:  ID:nPn9TS84Ra 
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