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BRIEF-Taylor Morrison Home Corp Q1 earnings $0.30/shr
April 27, 2017 / 11:12 AM / 3 months ago

BRIEF-Taylor Morrison Home Corp Q1 earnings $0.30/shr

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April 27 (Reuters) - Taylor Morrison Home Corp

* Taylor Morrison reports first quarter sales orders of 2,425, an increase of 33%, revenue of $769 million and earnings per share of $0.30

* Q1 earnings per share $0.30

* Taylor Morrison Home Corp qtrly sales per outlet were 2.7, a 35% increase from prior year quarter

* Taylor Morrison Home Corp qtrly net sales orders were 2,425, a 33% increase from prior year quarter

* Taylor Morrison Home Corp qtrly total revenue was $769 million, a 19% increase from prior year quarter

* Taylor Morrison Home Corp - backlog of homes under contract at end of quarter was 3,927 units, growth of 14% from prior year quarter

* Taylor Morrison Home Corp- home closings are expected to be between 1,700 to 1,800 for Q2 2017

* Taylor Morrison Home- homebuilding inventories $3.1 billion at quarter end, including 4,396 homes in inventory, versus 4,388 homes in inventory at end of prior year quarter

* Taylor Morrison Home Corp- home closings are expected to be between 7,600 and 8,100 for full year 2017

* Taylor Morrison Home Corp - sees land and development spend is expected to be approximately $1 billion for full year

* Q1 earnings per share view $0.28, revenue view $746.4 million -- Thomson Reuters I/B/E/S

* Taylor Morrison Home Corp - sees 2017 average active community count is expected to be generally flat relative to 2016 Source text for Eikon: Further company coverage:

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