Meritage Homes reports fourth quarter 2019 results including a 27% increase in orders, 80 bps increase in home closing gross margin and 39% increase in diluted EPS

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. SPY
3. META
4. ABBV
5. FDX
6. IBM
7. MU
8. PFE
9. ACN
10. USO

Go back to Meritage Homes reports fourth quarter 2019 results including a 27% increase in orders, 80 bps increase in home closing gross margin and 39% increase in diluted EPS

Meritage Homes Corporation (MTH) Tops Q4 EPS by 72c, Revenues Beat

January 29, 2020 4:33 PM EST

Meritage Homes Corporation (NYSE: MTH) reported Q4 EPS of $2.65, $0.72 better than the analyst estimate of $1.93. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.04 billion.

FOURTH QUARTER RESULTS

Total orders for the fourth quarter of 2019 increased 27% year-over-year, driven by a 37% year-over-year increase in absorptions, largely due to strong demand for Meritages entry-level priced LiVE.NOW. homes. Higher absorptions offset an 8% year-over-year decline in average community count for the fourth quarter, resulting from early close-outs of communities in 2019. Absorptions were up 38% in the West region, 46% in the Central and 29%... More