Taylor Morrison Reports First Quarter Revenue of $645 Million and Earnings per Share of $0.21

SCOTTSDALE, Ariz., May 4, 2016 /PRNewswire/ — Taylor Morrison Home Corporation (NYSE:TMHC) today reported first quarter total revenue of $645 million, net income of $26 million and earnings per share of $0.21. “I am very pleased with our first quarter results, and am proud that we met or exceeded every point of our quarterly guidance –– most notably with higher than expected closings and improved margins,” said Sheryl Palmer, President and CEO of Taylor Morrison. “We continue to believe that the underlying market conditions for our industry are sound and that we are well positioned to take advantage of these fundamentals, allowing us to be consistent in our strategy and in the execution of our ongoing plans as we look towards the rest of the year. Our second quarter is starting off strong with April sales increasing approximately 23% compared to the same month last year, which positions us well as we move through the spring selling season.”

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