investors.meritagehomes.comInvestor Relations :: Meritage Homes Corporation (MTH)

My Account Agents Live Chat Contact Us 1.877.275.6374 Homes Arizona Active Adult Phoenix Tucson Monterey Homes California Bay Area Sacramento Southern CA Colorado Denver Florida Orlando Tampa South Florida Georgia Atlanta North Carolina Charlotte Raleigh South Carolina Greenville York County Tennessee Nashville Texas Austin Dallas/Ft. Worth Houston San Antonio View Map Why Meritage See What Sets Meritage Homes Apart Why Meritage Testimonials Energy Efficiency How We Design How We Build Awards Buyer Resources Articles, Videos and More to Help Your Search Buyer Resources Homebuying Home Financing Energy Efficiency Home Design My Home Helpful Links for Current and Prospective Owners Alike My Home Submit a Warranty Claim Search Login Sign up Latest Financial Results Jan 27, 2021 • 4:30 PM EST Q4 & FY 2020 Year End Results Fiscal Year Ended Dec 31, 2020 Earnings Release PDF HTML Audio Earnings Webcast Earnings Presentation PDF 4th Quarter 2020 Supplemental Data PDF Investors Investors Overview News, Events & Presentations Overview Press Releases IR Calendar Presentations Email Alerts Company Info Overview Management Team Sustainability Report Contacts Info Request FAQ Financial Info Overview Financial Results Annual Reports Stock Data Quote Charts Historical Data Analyst Coverage SEC Filings Overview All SEC Filings Annual Reports on Form 10-K Quarterly Reports Section 16 Filings Proxy Materials Governance Overview Board of Directors Board Committees Governance Documents Governance Highlights Reporting Potential Violations Latest News View All News Jan 27, 2021 • 4:30 PM EST Meritage Homes reports record fourth quarter 2020 results including a 420 bps increase in home closing gross margin, 50% increase in diluted EPS and 52% increase in orders over prior year View Press Release Jan 6, 2021 • 4:30 PM EST Meritage Homes Fourth Quarter 2020 Earnings Conference Call Start Time Rescheduled View Press Release Jan 4, 2021 • 4:30 PM EST Meritage Homes Fourth Quarter 2020 Earnings Conference Call and Webcast Scheduled for January 28, 2021 View Press Release Dec 16, 2020 • 8:00 AM EST Meritage Homes Gives $750,000 to Deserving Charities in 2020 View Press Release View All News Meritage Homes at a Glance 9 States 36 Years in Business 135,000+ Homes Built Latest Presentation View All Presentations Jan 28, 2021 4th Quarter 2020 Supplemental Data View Presentation Recent Event View All Events Jan 28, 2021 9:30 am EST Fourth Quarter 2020 Earnings Release and Webcast Conference Call View Event View All Latest Financial Results Q4 & FY 2020 Fiscal Year Ended Dec 31, 2020 Earnings Release PDF HTML Audio Earnings Webcast Earnings Presentation PDF 4th Quarter 2020 Supplemental Data PDF $423.5 M Net earnings totaled $423.5 million ($11.00 per diluted share) for the full year 2020, compared to $249.7 million ($6.42 per diluted share) in 2019. The 70% year-over-year increase (71% for diluted EPS) reflects greater home closing revenue and gross margin, decreased SG&A expenses and $24.9 million of total impairments in the current year, compared to $7.3 million of inventory impairments as well as a $5.6 million charge for early extinguishment of debt in the prior year. Full year diluted EPS also benefited from the reduction in diluted shares after the repurchase of 1.1 million shares in 2020. 43% Total orders for the full year 2020 were 43% higher year-over-year, as absorptions were 5.2 per month in 2020, up from 3.1 per month in 2019. The 68% increase in absorptions was primarily driven by strength in the market during most of 2020, as well as the product mix shift toward the higher pace entry-level homes. For the full year 2020, entry-level represented 68% of sales orders, compared to 51% for 2019. 22% Home closing gross margin improved 310 bps to 22.0% for the full year 2020, compared to 18.9% in 2019, reflecting the benefits of higher ASPs, as well as Meritage's strategic streamlining of operations, including cost efficiencies and leverage from additional home closing volume. Home closing gross profit increased 44% to $980.4 million for the full year 2020. Latest Annual Report For Fiscal Year Ending Dec 31, 2019 Report Links Annual Report Document Links View Report View 10-K For complete information regarding our financials, see our periodic filings Email Alerts Stay informed and receive company updates straight to your inbox. Sign up today Broad Footprint in Growing Markets -- East Bay, Central Valley, Sacramento and Southern CA; Phoenix / Scottsdale and Tucson, AZ; Denver, CO; Dallas / Fort Worth, Austin, San Antonio and Houston, TX; Nashville, TN; Raleigh and Charlotte, NC; Greenville, SC; Atlanta, GA; Orlando, Tampa and South Florida A Renowned Leader in Energy-efficient Homebuilding Meritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2019. Meritage offers a variety of homes that are designed with a focus on first-time and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The Company has closed over 135,000 homes in its 36-year history and has a reputation for its distinctive style, quality construction, and award-winning customer experience. Meritage is the industry leader in energy-efficient homebuilding and a seven-year recipient of the U.S. Environmental Protection Agency's ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy efficient homebuilding. View Management Team View Board of Directors Average Community Count by Product Type 4Q20 Orders by Product Type 4Q20 As of September 30, 2020 • Q3 2020 Analyst Conference Call Presentation Recent Quarterly Results by Region West Region Home Closing Revenue (In thousands) Central Region Home Closing Revenue (In thousands) East Region Home Closing Revenue (In thousands) West Region Homes Closed Central Region Homes Closed East Region Homes Closed As of December 31, 2020 • Q4 2020 Earnings Release National & Regional Awards Meritage Homes is a nationally recognized leader in public homebuilding and is a recipient of various national and regional awards. Offering Great Homes at Affordable Prices We are committed to building great homes that are designed with a focus on first-time and first move-up buyers in hundreds of communities in 9 states. Learn More Setting the Bar for Homes of The Future We’re setting the new standard in home construction and design and leading the way in energy-efficient homes so that families across the U.S. can live better and healthier. Learn More Providing More Than Just Homes Our comprehensive library of buyer resources provides helpful information on home buying, financing, design, energy efficiency, and more. Learn More Investor Contact Information Company Meritage Homes Corporation 8800 E. Raintree Drive Suite 300 Scottsdale, AZ 85260 T: (480) 515-8100 Contact.Center@MeritageHomes.com Investor Relations Emily Tadano Vice President, Investor Relations T: (480) 515-8979 Investors@MeritageHomes.com Transfer Agent Computershare 250 Royall Street Canton, MA 02021 T: (800) 851-9677 www.computershare.com Email Alerts Tear Sheet Contacts RSS News Feed Homes Homes Tour A Meritage Home Homebuying 101 Company About Us Charitable Giving Sustainability Newsroom Investor Relations Lifestyle Active Adult Monterey Homes Contact Contact Us Directions Careers Submit a Warranty Claim Corporate Offices Home updates and promotions delivered to your inbox Subscribe Please enter a valid email address. 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