Investor Relations

A Top 5 Builder in the U.S. Focused on Entry-level and First Move-up Homes

Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

Meritage has delivered over 180,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s ("EPA") ENERGY STAR® Partner of the Year for Sustained Excellence Award, a ten-time recipient of the EPA's ENERGY STAR® Residential New Construction Market Leader Award, and a three-time recipient of the EPA's Indoor airPLUS Leader Award.

Meritage Homes at a Glance

10

States

38

Years in Business

190,000

Homes Built

Latest Financial Results

3,942

Third quarter home closings of 3,942 increased 8% YoY from 3,638 homes in the third quarter of 2023.

145%

Record backlog conversion of 145%

24.8%

Third quarter home closing gross margin rate of 24.8% was 190 bps lower than 26.7% in the third quarter of 2023.

Latest Annual Report

For Fiscal Year Ending Dec 31, 2023

For complete information regarding our financials, see our periodic filings

Meritage’s Broad Geographic Footprint

East Bay, Central Valley, Sacramento and Southern CA; Phoenix / Scottsdale and Tucson, AZ; Denver, CO; Salt Lake City, Utah; Dallas / Fort Worth, Austin, San Antonio and Houston, TX; Nashville, TN; Raleigh and Charlotte, NC; Greenville, Charleston and Myrtle Beach, SC; Atlanta, GA; Orlando, Tampa, Jacksonville and South Florida, FL

Average Community Count by Product Type

3Q24

Orders by Product Type

3Q24

Recent Quarterly Results by Region

West Region

Home Closing Revenue (In thousands)

Central Region

Home Closing Revenue (In thousands)

East Region

Home Closing Revenue (In thousands)

West Region

Homes Closed

Central Region

Homes Closed

East Region

Homes Closed

National & Regional Awards

Meritage Homes is a nationally recognized leader in public homebuilding and is a recipient of various national and regional awards.

Energy star award 2023 partner of the year sustained excellence
2023 Market leader for certified homes
Indoor Airplus
20th annual avid awards

Offering Great Homes at Affordable Prices

We are committed to building great homes that are designed with a focus on entry-level and first move-up buyers in hundreds of communities in 10 states.

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Setting the Bar for Homes of The Future

We’re setting the new standard in home construction and design and leading the way in energy-efficient homes so that families across the U.S. can live better and healthier.

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Providing More Than Just Homes

Our comprehensive library of buyer resources provides helpful information on home buying, financing, design, energy efficiency, and more.

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Investor Contact Information

Company

Meritage Homes Corporation
18655 North Claret Drive
Suite 400
Scottsdale, AZ 85255
T: (480) 515-8100

Investor Relations

Emily Tadano
Vice President of Investor Relations and ESG
T: (480) 515-8979
Investors@MeritageHomes.com

Transfer Agent

Computershare
P.O. Box 43006
Providence, RI 02940-3006
T: (800) 851-9677
www.computershare.com