Meritage Homes (MTH) Misses Q1 EPS by 14c

Meritage Homes Reports Results for the First Quarter of 2015

April 23, 2015 8:00 AM EDT

Total order value increased 41% over 2014 with a 30% increase in orders

First quarter home closing revenue increased 27% on a 20% increase in home closings

Management anticipates strong growth for full-year 2015 orders, closing revenue and earnings

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, announced today first quarter results for the period ended March 31, 2015.

      Summary Operating Results (unaudited) (Dollars in thousands, except per share amounts)   Three Months Ended March 31, 2015       2014       %Chg Homes closed (units) 1,335 1,109 20 % Home closing revenue $ 517,273 $ 405,779 27 % Average sales price - closings... More