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 (MTH) is a leading U.S. homebuilder recognized for energy-efficient construction and innovative design. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and sustainability initiatives shaping the company's position in residential construction.
Access official press releases, earnings announcements, and strategic updates in one centralized location. Track key developments including quarterly results, community expansions, leadership changes, and partnerships driving Meritage's market growth. Our curated feed ensures you never miss critical information about their 100% ENERGY STAR® certified home initiatives or operational milestones.
Discover updates across essential categories: quarterly financial disclosures, new community launches, sustainability achievements, and recognition in industry rankings. Each update is sourced directly from verified corporate communications to maintain accuracy and compliance with financial reporting standards.
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Meritage Homes Corporation (NYSE: MTH) reported its first-quarter 2023 results, highlighting a 1% increase in home closing revenue to $1.3 billion compared to Q1 2022. Homes closed totaled 2,897, slightly up from 2,858 in the previous year. However, home orders fell 10% year-over-year to 3,487, with a 15% decrease in total order value, reflecting a challenging sales environment.
Net earnings declined 40% to $131.3 million, resulting in a diluted EPS of $3.54, down from $5.79 a year ago. Despite this, Meritage has initiated a cash dividend of $0.27 per share and repurchased shares totaling $10 million. The company successfully opened 27 new communities and maintained a strong cash position with $957.2 million in cash and equivalents.
Meritage Homes Corporation (NYSE: MTH) will announce its first quarter 2023 earnings on April 26, 2023, post-market. A conference call will follow on April 27, 2023, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss the results. Interested parties can access the call via the company's Investor Relations page. Meritage Homes, recognized as the fifth-largest public homebuilder in the U.S., emphasizes energy-efficient and affordable housing solutions, operating across several states including Texas and California. The company boasts a delivery of over 165,000 homes in its history and has consistently received accolades for its sustainability efforts.
Meritage Homes Corporation (NYSE: MTH) has announced the initiation of a recurring quarterly cash dividend of $0.27 per share, reflecting the Board of Directors' confidence in the company’s business strategy and performance. The first payment will occur on March 31, 2023, for shareholders of record as of March 15, 2023. CEO Phillippe Lord stated this decision underscores a commitment to returning capital to shareholders while maintaining growth opportunities, supported by strong cash flow generation and a robust balance sheet.
Meritage Homes Corporation (NYSE: MTH) reported its Q4 and full year 2022 results, showing revenue growth despite a decline in home orders. In Q4, homes closed increased by 29% to 4,540 units, generating a home closing revenue of $1.98 billion, a 32% increase year-over-year. However, home orders fell by 46%, totaling 1,808 units, primarily due to a 39% cancellation rate. Full year net earnings rose 35% to $992.2 million ($26.74 per diluted share). The company ended the year with $861 million in cash and a low debt-to-capital ratio of 6.8%. Despite challenges, management remains optimistic about 2023, emphasizing a strategy focused on affordable housing.
Meritage Homes Corporation (NYSE: MTH) is set to release its fourth quarter 2022 results on February 1, 2023, after market close. A conference call will follow on February 2, 2023, at 8:00 a.m. MST (10:00 a.m. EST) for management to discuss the financial outcomes. The call will be accessible via webcast. Meritage is recognized as one of the largest homebuilders in the U.S., focusing on affordable, energy-efficient homes and has received multiple EPA awards for its commitment to sustainability.
Meritage Homes, the seventh-largest homebuilder in the U.S., emphasizes its commitment to community through charitable initiatives. In 2022, the company donated over $1.1M via the Meritage Cares foundation, focusing on food insecurity, education, and sustainable forestry. Notable contributions include $160,000 to No Child Hungry and $100,000 for Hurricane Ian relief. Meritage also supports diversity and inclusion efforts with a $200,000 commitment, including scholarships for underrepresented groups. Their philanthropic involvement underscores the company's dedication to building better communities.
Meritage Homes Corporation (MTH) announced strong Q3 2022 results despite challenges in the housing market. Home closing revenue surged to $1.57 billion, a 25% increase year-over-year, with home sales up 12% to 3,487 units. However, home orders plummeted 33% to 2,310 units due to a cancellation rate of 30%. Net earnings rose 31% to $262.5 million, with diluted EPS climbing 35% to $7.10. Management anticipates Q4 closings between 4,300-4,700 homes, generating revenue of $1.85-$2.10 billion. Concerns about mortgage rates and economic stability linger.
Meritage Homes (NYSE:MTH), the seventh-largest public homebuilder in the U.S., has released its second annual Environmental, Social and Governance (ESG) report, alongside its first Task Force on Climate-Related Financial Disclosures (TCFD) report. This ESG report highlights sustainability practices, diversity efforts, and achievements in 2021. Key points include the delivery of 12,801 ENERGY STAR® certified homes, a focus on entry-level housing, and improvements in board diversity and cyber risk management. The company's commitment to long-term value emphasizes responsibility in corporate citizenry.
Meritage Homes Corporation (NYSE: MTH) is set to release its Q3 2022 results on October 26, 2022, after market close. A conference call will be held on October 27, 2022, at 8:00 a.m. PDT (11:00 a.m. EDT) to discuss these results. The call will feature a live webcast available on the company's Investor Relations page. Meritage is a leading U.S. homebuilder, ranked seventh by homes closed in 2021, with operations in multiple states and a strong reputation for energy-efficient homebuilding.
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