SCOTTSDALE, Ariz., May 16, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, "Meritage" or the "Company"), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share. This dividend is payable on June 28, 2024 to shareholders of record as of the close of trading on June 14, 2024. About Meritage Homes Corporation Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. Th ...

SCOTTSDALE, Ariz., May 09, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company"))), the fifth-largest homebuilder in the U.S., today announced that it has completed its offering and sale of $575 million aggregate principal amount of 1.75% Convertible Senior Notes due 2028. This amount includes the exercise in full by the initial purchasers of their option to purchase up to an additional $75 million aggregate principal amount of notes. The offering was made to persons re ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

SCOTTSDALE, Ariz., May 06, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company"))), the fifth-largest homebuilder in the U.S., today announced that it has commenced an offering of $500 million aggregate principal amount of its Convertible Senior Notes due 2028 (the "notes"), subject to market and other conditions. The Company also expects to grant the initial purchasers of the notes a 13-day option to purchase up to $75 million of aggregate principal amount of additiona ...

SCOTTSDALE, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it will host a two-part series of investor day webcast calls with Phillippe Lord, chief executive officer of Meritage Homes, and Hilla Sferruzza, chief financial officer of Meritage Homes. Each call will be different and distinct in its coverage of key strategic topics for the Company, including the introduction to a new busi ...

SCOTTSDALE, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it will host a two-part series of investor day webcast calls with Phillippe Lord, chief executive officer of Meritage Homes, and Hilla Sferruzza, chief financial officer of Meritage Homes. Each call will be different and distinct in its coverage of key strategic topics for the Company, including the introduction to a new busi ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-9977 Meritage Homes Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 86-0611231 (State or Other Jurisdi ...

财务数据和关键指标变化 - 第一季度2024年总交房量为3,507套,同比增长21% [35] - 第一季度2024年营收为15亿美元,同比增长 [35] - 第一季度2024年毛利率为25.8%,同比提升340个基点 [37][38] - 第一季度2024年销售、一般及管理费用率为10.4%,与去年同期基本持平 [45] - 第一季度2024年每股收益为5.06美元,同比增长43% [47] 各条业务线数据和关键指标变化 - 入门级房源占总销售订单量的90%以上 [21] - 第一季度2024年平均销售价格为40.9万美元,同比下降5% [22] - 第一季度2024年平均每月吸收率为4.9套,同比提升 [23] 各个市场数据和关键指标变化 - 中部地区(主要为德克萨斯市场)的平均每月吸收率最高,达到5.2套 [25] - 东部地区的平均每月吸收率同比增长最多,从3.8套提升至4.7套 [27] - 西部地区的平均每月吸收率为4.8套,同比提升 [26] 公司战略和发展方向及行业竞争 - 公司持续推行"即时交房"策略,提高库存周转率,提升毛利率 [17][18][19][20] - 公司加快土地储备,第一季度新增约6,300块净地块,未来两年社区数量有望实现中高个位数增长 [33][54] - 公司加大使用资产负债表外融资,以加快土地储备 [33][55][56] - 公司加大对股东的回报,包括增加股票回购和提高现金股利 [50][51][52] 管理层对经营环境和未来前景的评论 - 管理层认为,通过提供充足的即时交房库存,公司有望继续提高市场份额 [62] - 管理层对公司的现金流和盈利能力充满信心,决定大幅提高现金股利,传递公司业务模式转型的信号 [127][128] - 管理层认为,公司的业务模式和财务状况已经发生了根本性的改变,对未来保持乐观态度 [128] 问答环节重要的提问和回答 问题1 **Stephen Kim 提问** 询问公司是否认为2024年的高周转率将成为新的常态 [65][66] **Steven Hilton 回答** 公司认为高周转率将成为新的常态,只要生产能力保持稳定 [66] 问题2 **Alan Ratner 提问** 询问公司2024年全年毛利率指引中对激励措施的假设 [72][73][74] **Hilla Sferruzza 回答** 公司仍在使用较高水平的激励措施,但由于即时交房策略,使用这些激励的成本有所下降 [73][74] 问题3 **John Lovallo 提问** 询问公司2024年全年交房量指引中第三四季度的预期 [92][93][94] **Hilla Sferruzza 和 Phillippe Lord 回答** 由于公司采取即时交房策略,第二三季度将是最大交房季,第四季度交房相对较少 [93][94]

FIRST QUARTER 2024 ANALYST CONFERENCE CALL APRIL 25, 2024 Safe Harbor The information included in this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include expectations about the housing market in general, our sales pace, backlog conversion rate, level of spec starts, SG&A as a percentage of home closing revenue, rate locks, financing incentive utilization, rate lock unwind cost write-offs, landbanking utilizatio ...