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Stock impact report

Meritage Homes Q1 Earnings Call Highlights [Yahoo! Finance]

Meritage Homes Corporation (MTH) 
Last meritage homes corporation earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.meritagehomes.com
Company Research Source: Yahoo! Finance
of $1.1 billion, while home closing gross margin fell to 17.5% (down 400 bps) and diluted EPS was $0.82 as weather disruptions, geopolitical-driven rate/inflation pressure and higher incentives weighed on results. The company is growing by footprint rather than absorption, ending the quarter with a record 345 active communities (up 19% YoY) while average absorption slid to 3.0 from 4.4 and ASP on orders fell 5% to $382,000; Meritage also cut spec inventory to ~4,700 units (down 30% YoY) and posted a 254% backlog conversion rate. Management returned capital aggressively— repurchasing $130 million in Q1 and raising the dividend 12%—finished with $767 million cash and 17.4% net debt-to-capital, and reiterated full-year 2026 closings/revenue expected to be at or within 5% of 2025 while issuing Q2 guidance for closings, revenue, margin and EPS. Interested in Meritage Homes Corporation? Here are five stocks we like better. Time to Load Up on Home Builders? Meritage Homes (NYSE:MTH Show less Read more
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