Meritage Homes

Meritage Homes Corp. designs and builds single family homes. It offers variety of entry-level and first move-up homes. The firm operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses. The Financial Services segment includes the operations of the company's subsidiary, Carefree Title. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Meritage Homes reports robust Q4 results amidst sales challenges

Meritage Homes' Q4 2022 performance was strong despite challenges in sales orders and margin expectations for Q1. The company focuses on affordability, operational discipline, and community count growth.
Strategies include prestarting entry-level homes, managing cancellations, and maintaining balance sheet strength. Opportunities lie in cost savings, shareholder returns, and long-term margin guidance.
Challenges include economic uncertainty, mortgage rate impact, and balancing affordability with margins. Lessons learned emphasize agility, innovation, and proactive decision-making for effective risk management.

Meritage Homes excels in Q1 2023, eyes growth opportunities

Meritage Homes demonstrated robust performance and operational efficiency in Q1 2023, solidifying its market position and financial stability.
While facing challenges related to market uncertainties and operational complexities, the company remains poised to leverage growth opportunities and strategic initiatives for sustained success.
By focusing on sales momentum, margin improvement, and strategic expansion, Meritage Homes is well-positioned to navigate challenges and capitalize on market dynamics for future growth.

Meritage Homes achieves record Q2 results, eyes margin optimization

Meritage Homes delivered a strong performance in Q2 2023, marked by record closings and revenue, improved margins, and strategic partnerships. While facing challenges in managing incentives and build times, the company's strengths in social responsibility and financial stability position it well for future growth. Opportunities lie in optimizing margins, supply chain resilience, and capitalizing on market demand.

Meritage Homes (MTH) reports robust Q3 performance and strategic growth plans

Meritage Homes (MTH) delivered strong financial performance in Q3 2023 with notable sales growth and operational efficiency improvements.
Despite challenges such as interest rate volatility and operational constraints, the company's strategic strengths and opportunities position it for continued growth.
By focusing on customer needs, market dynamics, and strategic planning, Meritage Homes is poised to navigate challenges and capitalize on growth opportunities.
Investment-grade rating, commitment to affordability, and strategic initiatives like land banking and share repurchases showcase Meritage Homes' resilience and long-term vision.

Meritage Homes (MTH) reports robust Q4 performance and eyes margin expansion opportunities

Meritage Homes (MTH) reported strong Q4 2023 performance with a focus on driving volume and market share. Despite challenges like a temporary EPS dip in 2024, the company is optimistic about future growth strategies and margin expansion opportunities. Efforts to compete with the existing home market and increase move-in ready inventory are key strengths.

Meritage Homes excels in Q1 2024, eyes market expansion

Meritage Homes had a successful Q1 2024, showcasing strong financial performance and operational achievements. Despite challenges in maintaining margins and changing delivery patterns, the company remains optimistic about growth opportunities and market expansion. By focusing on customer satisfaction, operational efficiency, and strategic financial management, Meritage Homes aims to sustain its positive momentum.

Meritage Homes excels in Q2, eyes growth amidst seasonal challenges

Meritage Homes' Q2 performance reflects strength and resilience, with a focus on innovation and growth. While facing potential challenges in the second half of the year, the company remains well-positioned to capitalize on growth opportunities and maintain its financial stability.

Meritage Homes excels in Q3, eyes strategic growth amid challenges

Meritage Homes' Q3 performance reflects robust growth and financial strength, supported by strategic acquisitions and operational excellence.
While facing challenges in market monitoring and growth targets, the company's focus on affordable housing and operational efficiency positions it for sustained success.
With a clear roadmap for growth and a commitment to excellence, Meritage Homes is poised to capitalize on market opportunities and drive shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Meritage Homes Corp. engages in the design and construction of single-family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

SCOTTSDALE, Ariz., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has approved the initiation of a recurring quarterly cash dividend on its common stock of $0.27 per share. The first dividend will be paid on March 31, 2023 to shareholders of record as of the close of trading on March 15, 2023.

Meritage Homes Initiates Quarterly Cash Dividend

Meritage Homes' (MTH) fourth-quarter results benefit from higher deliveries. Yet, elevated cancellations ail.

Meritage Homes (MTH) Q4 Earnings Beat, Orders & Backlog Fall

Meritage Homes Corporation (NYSE:MTH ) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Emily Tadano - Vice President of Investor Relations & ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President & Chief Financial Officer Conference Call Participants Truman Patterson - Wolfe Research Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Mike Rehaut - JPMorgan John Lovallo - UBS Carl Reichardt - BTIG Alex Barron - Housing Research Center Operator Greetings and welcome to the Meritage Homes Fourth Quarter 2022 Analyst Call. [Operator Instructions] As a reminder, this conference is being recorded.

Meritage Homes Corporation (MTH) Q4 2022 Earnings Call Transcript

Meritage (MTH) delivered earnings and revenue surprises of 0.85% and 2.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Meritage Homes (MTH) Surpasses Q4 Earnings and Revenue Estimates

SCOTTSDALE, Ariz., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced fourth quarter and full year results for the periods ended December 31, 2022.

Meritage Homes closes out 2022 with record fourth quarter results including a 29% increase in home closings, a 32% increase in home closing revenue and $7.09 of diluted EPS

Meritage Homes' (MTH) fourth-quarter performance is likely to suffer from rising mortgage rates and macroeconomic uncertainties.

Here's What to Expect From Meritage Homes' (MTH) Q4 Earnings

D.R. Horton

Home Depot

iShares U.S. Home Construction ETF

KB Home

Lennar

Lowe's

PulteGroup

Sherwin-Williams

Toll Brothers

SPDR S&P Homebuilders ETF

A steep rally by homebuilder stocks points to a housing market recovery. Are they climbing too soon?

Is The Housing Market Ready To Frame Up A Recovery?

After a stellar 2022 for homebuilders, analysts are not so optimistic about new home sales

Bear of the Day: Meritage Homes (MTH)

SCOTTSDALE, Ariz., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's fourth quarter 2022 results on Wednesday, February 1, 2023 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Mountain Standard Time (10:00 a.m. Eastern Standard Time) on Thursday, February 2, 2023. The call will be webcast with an accompanying slideshow, both available on the "Investor Relations" page of the Company's website at https://investors.meritagehomes.com.

Meritage Homes Fourth Quarter 2022 Earnings Conference Call and Webcast Scheduled for February 2, 2023

The housing market is a mess. Homebuilder stocks are suffering.

5 Homebuilder Stocks to Buy for Bottom Fishing Investors

Homebuilder stocks went out of favour this year as the Fed moved to aggressively lift rates.

A homebuilder stock that could more than double from here

Company charitable giving and volunteer programs focus on ongoing food insecurity in the U.S. and support education, sustainable forestry, and diversity, equity and inclusion initiatives Company charitable giving and volunteer programs focus on ongoing food insecurity in the U.S. and support education, sustainable forestry, and diversity, equity and inclusion initiatives

Meritage Homes Gives More Than $2.5 Million in 2022 To Build Stronger Communities Nationwide

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why Meritage Homes (MTH) is a Top Momentum Stock for the Long-Term

The downturn in homebuying is a normal part of the cycle. Looking beyond the pause, the structural challenges with supply make this homebuilder very attractive to own.

Massively Misunderstood: The Mega-Trend That Makes This Homebuilder Stock Worth Buying

Meritage (MTH) reported earnings 30 days ago. What's next for the stock?

Why Is Meritage (MTH) Up 15.6% Since Last Earnings Report?

SCOTTSDALE, Ariz., Nov. 15, 2022 (GLOBE NEWSWIRE) -- The dream of homeownership just became a reality for three U.S. military veterans and their families thanks to Meritage Homes (NYSE:MTH) and Operation Homefront, who teamed up to gift each family a brand new, mortgage-free and energy-efficient home as part of the Permanent Homes for Veterans program. The families were welcomed to their new homes in Nashville, Tucson, and Houston during key ceremonies hosted in October and early November, just in time for Veterans Day and Military Family Appreciation Month.

Meritage Homes Honors Military Families by Awarding Them Three New Mortgage-Free Homes in Recognition of Military Family Appreciation Month

It's a tough time to be selling a home. That's also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers.

Home Builders Struggle to Find Buyers as Cancellations by Developers Rise

Meritage Homes Corporation (NYSE:MTH ) Q3 2022 Results Conference Call October 27, 2022 11:00 AM ET Company Participants Emily Tadano - VP, IR and ESG Phillippe Lord - CEO Hilla Sferruzza - EVP and CFO Conference Call Participants Stephen Kim - Evercore ISI Truman Patterson - Wolfe Research Alan Ratner - Zelman & Associates Mike Rehaut - JPMorgan Carl Reichardt - BTIG John Lovallo - UBS Dan Oppenheim - Credit Suisse Operator Greetings, and welcome to the Meritage Homes Third Quarter 2022 Analyst Call. [Operator Instructions] Please note, this conference is being recorded.

Meritage Homes Corporation (MTH) Q3 2022 Earnings Call Transcript

Meritage Homes' (MTH) third-quarter results benefit from strong segmental results. Yet, building materials and labor shortages ail.

Meritage Homes (MTH) Q3 Earnings Beat, Gross Margin Falls

Meritage (MTH) delivered earnings and revenue surprises of 10.76% and 3.37%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Meritage Homes (MTH) Q3 Earnings Top Estimates

SCOTTSDALE, Ariz., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported third quarter results for the period ended September 30, 2022.

Meritage Homes reports third quarter 2022 results including a 35% increase in diluted EPS, highest quarterly home closing revenue and record SG&A leverage of 8.1%

How low will homebuilder stocks go this time? That is the top question on investors' minds as the biggest housing market slowdown in 15 years begins to unfold.

The Housing Market Is Crashing; Will Stocks Follow Suit?

Higher deliveries and pricing are likely to have aided Meritage Homes' (MTH) Q3 revenues amid macroeconomic uncertainties.

Meritage Homes (MTH) to Post Q3 Earnings: What's in the Offing?

Meritage (MTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Meritage Homes (MTH) Earnings Expected to Grow: Should You Buy?

National homebuilder also publishes inaugural Task Force on Climate-Related Financial Disclosures Report National homebuilder also publishes inaugural Task Force on Climate-Related Financial Disclosures Report

News for Meritage Homes Stock (MTH)