Quarter Ended Mar 31, 2022
The highest quarterly sales order volume in the first quarter of 2022 due to sustained strong demand.
Home closing gross margin improved 560 bps to record high of 30.3% in the first quarter of 2022 from 24.7% in the prior year.
Diluted EPS increased by 68% compared to prior year resulted from strong earnings growth, which reflected pricing power, expanded gross margin, and improved overhead leverage.
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; Salt Lake City, UT
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, Tennessee and Utah.
The Company has delivered over 150,000+ homes in its 36-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, Investor Relations
T: (480) 515-8979
462 South 4th Street
Louisville, KY 40202
T: (800) 851-9677