Meritage Homes at a Glance
9
States
35+
Years in Business
125,000
Homes Built
Latest Presentation
View All PresentationsRecent Event
View All EventsSecond Quarter 2020 Earnings Release and Webcast Conference Call
Latest Financial Results
Q2 2020
Quarter Ended Jun 30, 2020
$90.7 M
Net earnings increased 78% to $90.7 million ($2.38 per diluted share) with a 22% effective tax rate for the second quarter of 2020, compared to $50.8 million ($1.31 per diluted share) and a 25% effective tax rate for the second quarter of 2019. Diluted EPS benefited from the repurchase of one million shares of stock during the first quarter of 2020.
32%
Total orders for the second quarter of 2020 increased 32% year-over-year, driven by a 42% increase in absorption pace over the prior year’s second quarter.
21.4%
Home closing gross margin increased 300 bps over 2019’s second quarter to 21.4%, reflecting the benefits of Meritage’s strategic streamlining of operations, including efficiencies in purchasing, processes and labor, as well as some temporary cost concessions and leverage from increased closings.
Latest Annual Report
For Fiscal Year Ending Dec 31, 2019
Report Links
For complete information regarding our financials, see our periodic filings
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Broad Footprint in Growing Markets
East Bay, Central Valley, Sacramento and Southern CA; Phoenix / Scottsdale and Tucson, AZ; Denver, CO; Dallas / Fort Worth, Austin, San Antonio and Houston, TX; Nashville, TN; Raleigh and Charlotte, NC; Greenville, SC; Atlanta, GA; Orlando, Tampa and South Florida
A Renowned Leader in Energy-efficient Homebuilding
Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2019. Meritage offers a variety of homes that are designed with a focus on first-time and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
The Company has designed and built over 125,000 homes in its 35-year history and has a reputation for its distinctive style, quality construction, and award-winning customer experience. Meritage is the industry leader in energy-efficient homebuilding and a seven-year recipient of the U.S. Environmental Protection Agency's ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy efficient homebuilding.
Ending Community Count by Product Type
1Q20
Orders by Product Type
1Q20
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
Investor Contact Information
Company
Meritage Homes Corporation
8800 E. Raintree Drive
Suite 300
Scottsdale, AZ 85260
T: (480) 515-8100
Contact.Center@MeritageHomes.com
Investor Relations
Brent Anderson
Vice President, Investor Relations
T: (972) 580-6360
Investors@MeritageHomes.com
Transfer Agent
Computershare
250 Royall Street
Canton, MA 02021
T: (800) 851-9677
www.computershare.com