SCOTTSDALE, Ariz., March 19, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2025 results on Wednesday, April 23, 2025 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Standard Time (11:00 a.m. Eastern Standard Time) on Thursday, April 24, 2025. To listen, please go to Meritage’s Investor Relations page for the live webcast or dial in to ...

SCOTTSDALE, Ariz., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”) announced today that it has priced a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2035 (the “senior notes”). The senior notes will pay interest semi-annually at a rate of 5.650% per year and will mature on March 15, 2035. The closing of the offering is expected to occur on March 6, 2025, subject to the satisfaction of custom ...

Stock splits can be undertaken for several reasons. They can bring a stock's price down to make it more affordable for a wider range of investors. They can increase a stock price if it's too low, which can be useful if a company trades as a penny stock, because some investors have a policy about not buying penny stocks. Stock splits can also be used in a company's effort to return capital to shareholders. The important thing to remember is that while stock splits change the share count and share price, they ...

SCOTTSDALE, Ariz., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest public homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly cash dividend of $0.43 per share. This quarterly cash dividend is payable on March 31, 2025 to shareholders of record as of the close of trading on March 17, 2025. This compares to a quarterly cash dividend of $0.375 per share in 2024, which reflects the two-for-one stoc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-9977 Meritage Homes Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 86-0611231 (State or Other Jurisdiction ...

I am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [historical charts analysis], and to some extend momentum investing [share price reaction post earnings etc.]. Over the years, I have used the positive aspects of each approach to hone my investing process. The reason ...

Meritage Homes Corporation (NYSE:MTH) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations and ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates John Lovallo - UBS Trevor Allinson - Wolfe Research Stephen Kim - Evercore Carl Reichardt - BTIG S ...

FOURTH QUARTER 2024 ANALYST CONFERENCE CALL JANUARY 30, 2025 Safe Harbor The information included in this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include expectations about the housing market in general and our future results including our ability to increase our market share, full year 2025 projected home closing volume and home closing revenue, as well as first quarter 2025 projected home closing volume, h ...

Earnings and Revenue Performance - Earnings per share (EPS) of $4.72 beat the Zacks Consensus Estimate by 113.6% but declined 12% year over year from $5.38 [4] - Total revenues of $1.62 billion decreased 2.3% year over year from $1.66 billion [4] - Total closing revenues of $1.61 billion declined 2% year over year but exceeded the consensus estimate of $1.57 billion by 2.8% [5] - Home closing revenues under the Homebuilding segment fell 3% year over year to $1.595 billion due to lower average sales prices (ASPs) [5] - Land closing revenues increased 49% year over year to $17.4 million [5] Operational Metrics - Homes closed increased 2% year over year to 4,044 units, with ASPs declining 5% to $395,000 [6] - Total home orders rose 14% year over year to 3,304 homes, with dollar value increasing 10% to $1.32 billion [7] - Entry-level buyers accounted for 91% of sales orders, up from 88% in the prior-year period [8] - Backlog units decreased 39% year over year to 1,544, with backlog value down 42% to $629.5 million [8] - Average absorption pace improved 8% year over year to 3.9 homes per month [7] Margins and Expenses - Home closing gross margin contracted 200 basis points (bps) to 23.2%, driven by higher lot costs and financing incentives [9] - Selling, general, and administrative expenses as a percentage of home closing revenues increased 10 bps to 10.8% [10] - Financial Services segment revenues grew 17% year over year to $8.4 million [10] Full-Year 2024 Highlights - Total revenues for 2024 increased 4.2% year over year to $6.4 billion [12] - EPS rose 8% year over year to $21.44 [12] - Homes delivered increased 12% to 15,611, with ASPs declining 6% to $406,000 [12] - Gross margins improved 10 bps to 24.9% [12] Financial Position - Cash and cash equivalents decreased to $651.6 million from $921.2 million at the end of 2023 [13] - Total lots owned or controlled increased to 65,600, including 5,500 from the Elliott Homes acquisition [13] - Total debt to capital rose to 20.6% from 17.9% at the end of 2023, while net debt to capital increased to 11.7% from 1.9% [13] - Net cash used by operating activities was $227.6 million, compared to $355.6 million provided in 2023 [14] - The company paid $108.6 million in dividends and repurchased 732,255 shares for $125.9 million [14] 2025 Guidance - The company expects to close between 16,250 and 16,750 homes, up from 15,611 in 2024 [15] - Revenue is projected to be between $6.6 billion and $6.9 billion, reflecting continued demand for affordable housing [15] Peer Performance - D R Horton reported Q1 fiscal 2025 earnings and revenues beating estimates but declining year over year [16] - D R Horton leveraged mortgage rate buydowns and smaller floor plans to address affordability challenges [17] - KB Home posted strong Q4 2024 results, with revenues and earnings surpassing expectations and increasing year over year [18] - KB Home's strategy focused on faster build times and strong homeownership demand despite mortgage rate pressures [19] - NVR reported Q4 2024 earnings and Homebuilding revenues exceeding estimates, with both metrics increasing year over year [20] - NVR saw strong growth in settlements despite a decline in new orders [21]

Financial Performance - Revenue for Q4 2024 was $1.61 billion, a 2.4% decrease year-over-year [1] - EPS for Q4 2024 was $4.72, a significant increase from $2.69 in the year-ago quarter [1] - Revenue exceeded the Zacks Consensus Estimate by 2.80%, with EPS surpassing estimates by 113.57% [1] Key Metrics Analysis - Home Closing Revenue - Average sales price was $395, slightly below the 10-analyst average estimate of $402.77 [4] - Homes closed totaled 4,044, exceeding the 10-analyst average estimate of 3,885 [4] - Homes ordered were 3,304, slightly below the 10-analyst average estimate of 3,352 [4] - Order Backlog was 1,544, below the nine-analyst average estimate of 1,759 [4] - Active Communities - Ending - Total was 292, below the eight-analyst average estimate of 303 [4] - Order Backlog - Average sales price was $408, slightly above the eight-analyst average estimate of $406 [4] - Order Backlog Value was $629.55 million, below the seven-analyst average estimate of $708.57 million [4] - Homes Ordered Value was $1.32 billion, slightly below the six-analyst average estimate of $1.35 billion [4] Revenue Breakdown - Total closing revenue (Homebuilding) was $1.61 billion, exceeding the 11-analyst average estimate of $1.57 billion, with a year-over-year change of -2.4% [4] - Home closing revenue was $1.60 billion, exceeding the 11-analyst average estimate of $1.56 billion, with a year-over-year change of -2.8% [4] - Land closing revenue was $17.36 million, significantly above the 10-analyst average estimate of $6.15 million, with a year-over-year change of +48.6% [4] - Financial Services revenue was $8.43 million, above the 10-analyst average estimate of $7.43 million, with a year-over-year change of +17.1% [4] Stock Performance - Shares of Meritage returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently has a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]