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 PresentationsRecent Event
View All Events2020 Annual Meeting of Stockholders
Latest Financial Results
Q1 2020
Quarter Ended Mar 31, 2020
$71.2 M
Net earnings for the first quarter of 2020 totaled $71.2 million ($1.83 per diluted share), compared to $25.4 million ($0.65 per diluted share) for the first quarter of 2019. The 182% increase in diluted EPS reflected the combination of increases in home closing revenue, gross margins and greater overhead leverage, in addition to lower interest expense and income taxes in the first quarter of 2020.
23%
Total orders for the first quarter of 2020 increased 23% year-over-year, driven by a 35% year-over-year increase in absorptions.
20.0%
Home closing gross margin improved 330 bps to 20.0% from 16.7% a year ago, contributing to a 53% increase in total home closing gross profit over the prior year's first quarter.
Latest Annual Report
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
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, SC; Atlanta, GA; Orlando, Tampa and South Florida
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 a seven-year 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.
Ending Community Count by Product Type
1Q20
Orders by Product Type
1Q20
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
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