Meritage Homes (MTH) Tops Q2 EPS by 4c

Meritage Homes Reports Second Quarter 2015 EPS of $0.70, an 18% Increase in Home Closing Revenue and 21% Increase in Home Orders

July 29, 2015 7:30 AM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, announced today second quarter results for the period ended June 30, 2015.

          Summary Operating Results (unaudited) (Dollars in thousands, except per share amounts)   Three Months Ended June 30, Six Months Ended June 30, 2015     2014     %Chg 2015     2014     %Chg Homes closed (units) 1,556 1,368 14 % 2,891 2,477 17 % Home closing revenue $ 591,027 $ 502,800 18 % $ 1,108,300 $ 908,579 22 % Average sales price - closings $ 380 $ 368 3 % $ 383 $ 367 5 % Home orders (units) 1,986 1,647 21 % 3,965 3,172 25 % Home order value... More