Welcome to our dedicated page for Meritage Homes news (Ticker: MTH), a resource for investors and traders seeking the latest updates and insights on Meritage Homes stock.
Meritage Homes Corporation reports recurring developments in U.S. homebuilding, including quarterly results, home closings, home orders, backlog, average selling prices, gross margins and community count. The company designs and builds single-family attached and detached homes, with operations organized across West, Central and East regions in twelve states.
Meritage news also covers land acquisition and development spending, cycle-time and inventory commentary, energy-efficient entry-level and first move-up homes, and financial-services activities such as title, escrow, mortgage and insurance services. Capital allocation updates include cash dividends, share repurchases, credit capacity and community-giving initiatives through Meritage Cares.
Meritage Homes, the fifth largest public homebuilder in the U.S., has been named ENERGY STAR® Partner of the Year by the EPA for 11 consecutive years. The company has built over 126,000 ENERGY STAR certified homes since 2009. Meritage also won the Avid Awards for customer satisfaction across multiple divisions and received the President's Volunteer Service Award for its philanthropic efforts with No Child Hungry. Additionally, the company was recognized as one of America's Greenest Companies by Newsweek, a Climate Leader by USA Today, and included in Forbes’ list of Most Successful Mid-Cap Companies. Lastly, U.S. News & World Report named Meritage among the Best Companies to Work For in Construction and in the West.
Meritage Homes (NYSE: MTH), the fifth largest public homebuilder in the U.S., announced it will release its second quarter 2024 financial results on July 24, 2024, following the market close. The company will host a conference call to discuss these results on July 25, 2024, at 8:00 a.m. PT (11:00 a.m. ET). Investors can access the live webcast through Meritage's Investor Relations page or dial in using the provided numbers. A replay will also be available on the Investor Relations page.
Meritage Homes, the fifth largest public homebuilder in the U.S., continues its partnership with Operation Homefront's Permanent Homes for Veterans program for the 11th consecutive year.
In 2024, Meritage will donate two mortgage-free, energy-efficient homes to veteran families in Austin, TX, and Charlotte, NC, increasing their total donations to 20 homes.
The homes feature open-concept floorplans, designer-curated interiors, and smart home systems. The Austin home, over 1,300 square feet, has three bedrooms and two baths, while the Charlotte home, nearly 2,700 square feet, has five bedrooms and three baths. The homes are located in amenity-rich communities, with groundbreakings set for May and June, and ceremonies in November.
This initiative underscores Meritage's commitment to supporting military families.
Meritage Homes (NYSE: MTH) has announced a quarterly cash dividend of $0.75 per share. This dividend will be paid on June 28, 2024, to shareholders who hold shares at the close of trading on June 14, 2024.
Meritage Homes is the fifth-largest homebuilder in the U.S.
Meritage Homes has completed an offering of 1.75% Convertible Senior Notes, raising $575 million, with an additional $75 million purchased by initial buyers. The offering was made to qualified institutional buyers under Rule 144A. The notes, guarantees, and shares are not registered under the Securities Act and are not expected to be. This is not an offer to sell, nor a solicitation to buy these securities.
Meritage Homes has announced the pricing of $500 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2028. The sale is expected to result in approximately $484.8 million in net proceeds to Meritage. The company intends to use the proceeds for capped call transactions, redeeming outstanding 6.00% Senior Notes due 2025, and general corporate purposes.
Meritage Homes has announced that it is commencing an offering of $500 million in Convertible Senior Notes due 2028, with additional notes available. The notes will be senior, unsecured obligations of the Company and will be guaranteed by its subsidiaries. Interest on the notes will be payable semi-annually. The Company plans to use the proceeds for capped call transactions, redeeming existing notes, and general corporate purposes.
Meritage Homes (NYSE: MTH) will host a two-part series of investor day webcast calls covering key strategic topics like a new business model, long-term targets, land financing updates, and capital allocation. The calls will feature chief executive officer Phillippe Lord and chief financial officer Hilla Sferruzza, with guest hosts equity analysts Alan Ratner and Stephen Kim. Registration is required for the calls, which will include a question-and-answer session for participants.
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