Core Viewpoint - Meritage Homes reported a decline in revenue and earnings for the quarter ended March 2025, with revenue at $1.36 billion, down 7.6% year-over-year, and EPS at $1.69, compared to $2.53 in the same quarter last year, indicating a mixed performance against analyst expectations [1]. Financial Performance - Revenue for the quarter was $1.36 billion, which was a surprise of +1.53% over the Zacks Consensus Estimate of $1.34 billion [1]. - EPS came in at $1.69, which was -1.17% below the consensus estimate of $1.71 [1]. - Total closing revenue from homebuilding was $1.36 billion, representing a year-over-year decline of -7.6% [4]. Key Metrics - Order Backlog: 2,004 homes, below the average estimate of 2,398 homes [4]. - Homes Closed: 3,416 homes, slightly above the average estimate of 3,368 homes [4]. - Homes Ordered: 3,876 homes, below the average estimate of 4,222 homes [4]. - Order Backlog Value: $812.36 million, significantly lower than the average estimate of $975.98 million [4]. - Active Communities: 290, below the average estimate of 300 [4]. - Homes Ordered Value: $1.56 billion, below the average estimate of $1.68 billion [4]. - Revenue from Land Closing: $15.42 million, significantly above the average estimate of $4.27 million, showing a year-over-year increase of +569% [4]. - Revenue from Financial Services: $7.08 million, above the average estimate of $6.42 million, with a year-over-year increase of +11.5% [4]. Stock Performance - Shares of Meritage have returned -6.5% over the past month, slightly outperforming the Zacks S&P 500 composite's -6.6% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].

Exhibit 99.1 Contacts: Emily Tadano, VP Investor Relations and External Communications (480) 515-8979 (office) investors@meritagehomes.com Meritage Homes reports first quarter 2025 results SCOTTSDALE, Ariz., April 23, 2025 - Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported first quarter results for the period ended March 31, 2025. | | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | % Chg | | Homes closed (units) | | 3,416 ...

SCOTTSDALE, Ariz., April 23, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported first quarter results for the period ended March 31, 2025. Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts) Three Months Ended March 31, 2025 2024 % ChgHomes closed (units) 3,416<td style="vertical-al ...

Analysts on Wall Street project that Meritage Homes (MTH) will announce quarterly earnings of $1.71 per share in its forthcoming report, representing a decline of 32.4% year over year. Revenues are projected to reach $1.35 billion, declining 8.4% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Meritage Homes (MTH) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 23. On ...

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...

Core Viewpoint - Meritage Homes Corporation, the fifth largest public homebuilder in the U.S., is set to release its first quarter 2025 results on April 23, 2025, with a conference call scheduled for April 24, 2025 [1]. Company Overview - Meritage Homes is recognized as the fifth-largest public homebuilder in the United States based on homes closed in 2024 [3]. - The company specializes in energy-efficient and affordable entry-level and first move-up homes, operating in multiple states including Arizona, California, Colorado, and Texas [3]. - Over its 39-year history, Meritage has delivered nearly 200,000 homes and is known for its distinctive style, quality construction, and award-winning customer experience [4]. Industry Leadership - Meritage Homes is an industry leader in energy-efficient homebuilding, having received multiple awards from the U.S. Environmental Protection Agency (EPA), including the ENERGY STAR® Partner of the Year for Sustained Excellence Award [4].

Core Viewpoint - Meritage Homes Corporation has announced a public offering of $500 million in senior notes with a 5.650% interest rate, maturing in 2035, to be used for general corporate purposes [1][5]. Group 1: Offering Details - The company priced a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due March 15, 2035 [1]. - The senior notes will pay interest semi-annually at a rate of 5.650% per year [1]. - The closing of the offering is expected to occur on March 6, 2025, subject to customary closing conditions [5]. Group 2: Management and Underwriters - J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, and others are acting as Joint Book-Running Managers for the transaction [2]. - TCBI Securities, Inc., Wedbush Securities Inc., and Comerica Securities, Inc. are acting as Joint Co-Managers [2]. Group 3: Regulatory Information - The offering is made pursuant to an effective shelf registration statement filed with the SEC [3]. - Copies of the prospectus supplement and accompanying prospectus can be obtained free of charge from the SEC website or by contacting the underwriters [3]. Group 4: Company Overview - Meritage Homes Corporation is the fifth-largest public homebuilder in the U.S., based on homes closed in 2023 [7]. - The company specializes in energy-efficient and affordable entry-level and first move-up homes [7]. - Its operations span across multiple states including Arizona, California, Texas, and Florida [7].

Group 1: Stock Splits Overview - Stock splits can make shares more affordable for a wider range of investors and can also signal a change in company strategy [1][3] - Stock splits do not change the market capitalization of a company or the equity position of existing shareholders [2] Group 2: Qiagen Analysis - Qiagen executed a stock split on January 7, involving a synthetic share repurchase of $300 million, which reduced the share count [4] - The company provides molecular testing solutions, including COVID-19 testing, and has shown strong financial performance with an 11% year-over-year growth in adjusted earnings and a 43% increase in free cash flow in Q4 2024 [5][6] - Analysts have a mixed outlook with five recommending to buy and five to hold, with an average price target suggesting nearly 25% upside, and the most bullish target indicating a 39% upside [6][7] Group 3: Meritage Homes Analysis - Meritage Homes completed a 2-for-1 stock split on January 2, increasing share count through a stock dividend, which dilutes shareholders but allows for more dividends [8] - The company focuses on building affordable homes in high-growth states and reported a 12% increase in home sales in 2024, with diluted earnings per share rising 8% to $21.44 [9][10] - Analysts have a generally positive outlook with three buy ratings, three hold ratings, and one sell rating, with the most bullish price target suggesting a 62% upside [11][12]

Core Points - Meritage Homes Corporation has declared a quarterly cash dividend of $0.43 per share, payable on March 31, 2025, to shareholders of record as of March 17, 2025, an increase from $0.375 per share in 2024, reflecting a two-for-one stock split completed on January 2, 2025 [1][2] - The company has renewed its share repurchase program, committing to repurchase $15 million worth of shares each quarter in 2025, with the plan intended to be evergreen unless changed by the company [2] Company Overview - Meritage Homes is the fifth-largest public homebuilder in the U.S., based on homes closed in 2023, and operates in multiple states including Arizona, California, Texas, and Florida [5][6] - The company has delivered nearly 200,000 homes in its 39-year history and is recognized for its energy-efficient homebuilding practices, having received multiple awards from the U.S. Environmental Protection Agency [6]