Latest Financial Results

Feb 1, 2023 • 4:30 PM EST

Q4 & FY 2022 Year End Results

Fiscal Year Ended Dec 31, 2022

Meritage Homes at a Glance

10

States

37

Years in Business

165,000+

Homes Built

Latest Financial Results

32%

Home closing revenue increased 32% YoY to a quarterly record of $2.0 billion compared to $1.5 billion in the year prior.

$7.09

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.

29%

Home closings reached a quarterly record of 4,540, a 29% YoY increase from 3,526 in the fourth quarter of 2021.

Latest Annual Report

For Fiscal Year Ending Dec 31, 2021

For complete information regarding our financials, see our periodic filings

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, Charleston and Myrtle Beach, SC; Atlanta, GA; Orlando, Tampa and South Florida, FL

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 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.

Average Community Count by Product Type

4Q22

Orders by Product Type

4Q22

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

National & Regional Awards

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

Energy Star 2022 - Partner of the year Sustained Excellence
Market Leader Award 2022 Certified Homes
2022 Indoor airPLUS Leader Award Winner
Avid award diamond
Avid award benchmark
Avid award gold

Offering Great Homes at Affordable Prices

We are committed to building great homes that are designed with a focus on entry-level 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

Emily Tadano
Vice President of Investor Relations and ESG
T: (480) 515-8979
Investors@MeritageHomes.com

Transfer Agent

Computershare
P.O. Box 43006
Providence, RI 02940-3006
T: (800) 851-9677
www.computershare.com