Meritage Homes at a Glance
9
States
35+
Years in Business
125,000
Homes Built
Source
As of 2019 • Q4 Press ReleaseLatest Presentation
View All PresentationsUpcoming Event
View All EventsFourth Quarter 2020 Earnings Release and Webcast Conference Call
Latest Financial Results
Q4 & FY 2019
Fiscal Year Ended Dec 31, 2019
$103.6 M
Net earnings increased 37% to $103.6 million ($2.65 per diluted share) for the fourth quarter of 2019, compared to $75.5 million ($1.91 per diluted share) for the fourth quarter of 2018, also benefiting from retroactive energy tax credits recorded in 2019.
+27%
Total orders for the fourth quarter of 2019 increased 27% year-over-year, driven by a 37% year-over-year increase in absorptions, largely due to strong demand for Meritage’s entry-level priced LiVE.NOW. homes.
+19.8%
Home closing gross margin improved 80 bps to 19.8% from 19.0% a year ago, contributing to a 16% increase in total home closing gross profit on an 11% increase in home closing revenue.
Latest Annual Filing
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
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 has received the U.S. Environmental Protection Agency's ENERGY STAR® Partner of the Year for Sustained Excellence Award every year since 2013 for innovation and industry leadership in energy-efficient homebuilding.
Ending Community Count by Product Type
4Q19
Orders by Product Type
4Q19
Meritage Homes at a Glance
West Region
Value (In thousands)
Central Region
Value (In thousands)
East Region
Value (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