earnings
confidence high
sentiment positive
materiality 0.80
Meritage Homes Q4 diluted EPS $6.25, up 57% YoY; guides FY2022 EPS $23.15-$24.65
Meritage Homes CORP
2021-FY EPS reported
$19.29
- Q4 diluted EPS $6.25 vs $3.97 YoY; net earnings $237.5M; home closing revenue $1.5B (+6% YoY).
- Home closing gross margin improved 500 bps to 29.0% in Q4; full year 2021 margin 27.8% vs 22.0%.
- Year-end community count 259 (+33% YoY); backlog 5,679 homes valued at $2.5B (+39% YoY).
- FY2022 guidance: 14,500-15,500 closings, home closing revenue $6.1-$6.5B, diluted EPS $23.15-$24.65.
- Net debt-to-capital 15.1%; $618M cash; repurchased $61M of shares in FY2021.