Fiscal Year Ended Dec 31, 2022
Home closing revenue increased 32% YoY to a quarterly record of $2.0 billion compared to $1.5 billion in the year prior.
Diluted EPS remained strong, with a 13% increase YoY. Strong earnings growth primarily reflected higher home closing volume, as well as a lower outstanding share count in the current quarter.
Home closings reached a quarterly record of 4,540, a 29% YoY increase from 3,526 in the fourth quarter of 2021.
For Fiscal Year Ending Dec 31, 2021
For complete information regarding our financials, see our periodic filings
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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, Charleston and Myrtle Beach, SC; Atlanta, GA; Orlando, Tampa and South Florida, FL
Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2021. Meritage offers a variety of homes that are designed with a focus on entry-level and first move-up buyers. Operations span Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
The Company has delivered over 165,000 homes in its 37-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 an eight-time 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.
Meritage Homes Corporation
8800 E. Raintree Drive
Scottsdale, AZ 85260
T: (480) 515-8100
Vice President of Investor Relations and ESG
T: (480) 515-8979
P.O. Box 43006
Providence, RI 02940-3006
T: (800) 851-9677