Investor Relations

Positioned for Growth in Entry-level and First Move-up Housing Markets

For more than 35 years, Meritage Homes has been delivering the American dream of homeownership to more than 125,000 families and is a renowned industry leader in energy-efficient homebuilding. We offer 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.

Meritage Homes at a Glance

9

States

35+

Years in Business

125,000

Homes Built

Source

As of 2019 • Q4 Press Release

Latest Financial Results

$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

For complete information regarding our financials, see our periodic filings

Broad Footprint in Growing Markets

A Renowned Leader in Energy-efficient Homebuilding

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

National & Regional Awards

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

Energy Stars 2019 - Partner of the year Sustained Excellence
Energy - Leadership in housing award recipient
Avid award diamond
Avid award benchmark
Avid award gold
Green Builder Home of the year

Offering Great Homes at Affordable Prices

We are committed to building great homes that are designed with a focus on first-time and first move-up buyers in hundreds of communities in 9 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
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