Meritage Homes Q4 2023 EPS $5.38; orders surge 60% YoY to 2,892 units

Meritage Homes CORP

2023-FY EPS reported $19.93

Net earnings $198.9M ($5.38 diluted EPS) vs $262.4M ($7.09) a year ago, down 24%.
Home closing revenue $1.64B, down 17% YoY; home closing gross margin 25.2% (adjusted 25.4%).
Sales orders 2,892 units (+60% YoY); average absorption pace 3.6/month vs 2.2.
Full-year 2023 diluted EPS $19.93 vs $26.74; net earnings $738.7M, down 26%.
Cash $921.2M; debt-to-capital 17.9%; board authorized $185M remaining buyback capacity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Meritage Homes CORP reported financial results for quarterly and annual period ended December 31, 2023.

Period: quarterly and annual period ended December 31, 2023
Result: reported results

Exact text from the filing

On January 31, 2024, Meritage Homes Corporation announced in a press release information concerning its results for the quarterly and annual period ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

Meritage Homes CORP filing history →

Source: SEC EDGAR

accession 0000833079-24-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.