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 (NYSE: MTH) is the fifth-largest public homebuilder in the United States based on homes closed in 2024, with a focus on energy-efficient and affordable entry-level and first move-up homes. News about Meritage often centers on its operating performance, capital allocation decisions and community initiatives across its homebuilding markets.
Investors following MTH news will see regular quarterly and annual earnings releases, where the company reports home orders, closings, revenue, margins, community counts and lot positions. These releases are typically accompanied by conference call announcements and 8-K filings that summarize results for periods such as the quarters ended June 30 and September 30. Management commentary in these updates discusses factors like absorption pace, incentives, land spending and liquidity.
Meritage news also highlights dividend declarations and share repurchase activity, including Board-approved quarterly cash dividends and changes to the company’s share repurchase authorization. These announcements provide insight into how Meritage balances growth investments in land and communities with returning capital to shareholders.
Beyond financial results, Meritage publishes stories on its philanthropic and community programs. Recent releases describe contributions to K–12 education, scholarships, disaster recovery, food insecurity initiatives, affordable housing funds and environmental efforts such as reforestation and water conservation. The company also reports on its partnership with Operation Homefront’s Permanent Homes for Veterans program, under which it donates mortgage-free homes to military families.
This news page aggregates these updates so readers can review Meritage’s earnings announcements, capital allocation decisions and community-focused activities in one place. For those tracking the U.S. homebuilding sector, the MTH news feed offers an ongoing view of how the company reports its performance and describes its role in the markets it serves.
Meritage Homes (NYSE: MTH) reported its Q4 and full-year 2024 results. Full-year 2024 highlights include record home closing volume of 15,611 units (+12% YoY) and home closing revenue of $6.3 billion (+5% YoY). Net earnings reached $786.2 million (+6% YoY) with diluted EPS of $21.44 (+8% YoY).
Q4 2024 performance showed mixed results with home closing revenue decreasing 3% to $1.6 billion, while orders increased 14% to 3,304 homes. Home closing gross margin declined to 23.2% from 25.2% YoY. Net earnings decreased 13% to $172.6 million with diluted EPS of $4.72.
The company maintained strong liquidity with $651.6 million in cash and completed the acquisition of Elliott Homes, adding approximately 5,500 lots. Meritage executed a two-for-one stock split on January 2, 2025, and provided FY2025 guidance projecting home closing volume of 16,250-16,750 units and revenue of $6.6-6.9 billion.
Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., has appointed Geisha Williams as an independent director to its Board of Directors, expanding it to 12 members. Williams brings over 30 years of energy industry experience, notably as former President and CEO of PG&E , where she focused on renewables integration and grid modernization.
As the first Latina CEO of a Fortune 200 company, Williams currently serves on the Supervisory Board of Siemens Energy AG and holds board positions at Artera Services and Osmose Utilities Services, where she has been Chairperson since 2021. She previously served on Salesforce's Global Advisory Board from 2022 to 2024.
The appointment reflects Meritage's commitment to board refreshment and increased diversity. The company plans to consider Williams for committee appointments in upcoming board meetings.
Meritage Homes (NYSE: MTH), the fifth largest public homebuilder in the U.S., has scheduled its fourth quarter 2024 earnings release for January 29, 2025, after market close. The company will host a conference call to discuss results on January 30, 2025, at 8:00 a.m. Mountain Standard Time (10:00 a.m. Eastern Standard Time). Investors can access the live webcast through Meritage's Investor Relations page or dial in using 1-877-407-6951 (U.S. toll free) or 1-412-902-0046. A replay will be available on the Investor Relations page.
Meritage Homes, the fifth-largest U.S. homebuilder, announced a two-for-one stock split of its common stock in the form of a stock dividend. Stockholders of record as of December 31, 2024, will receive one additional share for each share held, with the distribution occurring after market close on January 2, 2025. Trading on a split-adjusted basis will commence on January 3, 2025.
Meritage Homes, the fifth-largest U.S. homebuilder, announced two significant shareholder actions. The company declared a quarterly dividend of $0.75 per share, payable on December 31, 2024, to shareholders of record as of December 17, 2024. Additionally, the Board approved a $250 million increase to its share repurchase authorization. Combined with $15 million in systematic buybacks quarter-to-date, the total authorized share repurchase program now stands at $334 million as of November 21, 2024.
Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., announced its entry into the Gulf Coast markets through the acquisition of Elliott Homes, a top five Gulf Coast homebuilder operating in Mississippi, Alabama and the Florida panhandle. The acquisition includes over 5,500 lots, with production operations expected to begin in existing entry-level communities before year-end. This marks Meritage's first acquisition since 2014 and aligns with their spec building strategy of affordable entry-level homes. The company anticipates meaningful contribution from these operations in 2025.
Meritage Homes (NYSE: MTH) reported Q3 2024 results with home closings up 8% year-over-year to 3,942 units, while home closing revenue decreased 2% to $1.6 billion. Net earnings were $196.0 million ($5.34 per diluted share), down 12% from prior year. The company achieved a record 145% backlog conversion rate with entry-level homes representing 93% of closings.
Home closing gross margin was 24.8%, down from 26.7% last year. The company maintained strong liquidity with $831.6 million in cash and a net debt-to-capital ratio of 8.8%. During Q3, Meritage repurchased shares worth $30.0 million and paid $27.1 million in dividends.
Trophy Signature Homes, a subsidiary of Green Brick Partners (NYSE: GRBK), and Meritage Homes (NYSE:MTH) announced the development of Prairie Winds, a new residential community in Hutto, Texas, opening in Q1 2025. The project will feature 1,093 homesites with prices starting in the $320,000s. Trophy Signature Homes will offer homes ranging from 1,000 to 2,700 square feet on various lot sizes. The development will include amenities like a resort-style pool, splash pad, parks, and sports courts, scheduled to open by Summer 2026. The community will be developed in seven phases and is located near Lee Martinez Elementary School.
Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., has appointed Erin Lantz as an independent director to its Board of Directors, effective October 14, 2024. This appointment increases the board size to 11 directors. Ms. Lantz brings over 20 years of leadership experience in technology-related offerings and currently serves as Chief Revenue Officer for Ethos, a fintech company.
Additionally, Meritage Homes announced that its Board has approved declassifying the Board of Directors and intends to propose this change at the 2025 annual meeting. This decision is in response to stockholder feedback and aims to increase director accountability and align with governance best practices.
The company plans to file a proxy statement with the SEC regarding the declassification proposal, urging stockholders to review the materials when available.
Meritage Homes (NYSE: MTH), the fifth largest public homebuilder in the U.S., has announced its plans to release its third quarter 2024 financial results on Tuesday, October 29, 2024, after the market closes. The company will host a conference call and webcast to discuss these results on Wednesday, October 30, 2024, at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time).
Investors and interested parties can access the live webcast through Meritage's Investor Relations page or dial in to 1-877-407-6951 (U.S. toll-free) or 1-412-902-0046. A replay of the conference call will be available on the company's Investor Relations page for those unable to attend the live event.