In Q2 FY2022, Meritage Homes reported revenue of $1.41 billion, up 10.5% year-over-year. Net income fell 55.0% to $55.3 million, and diluted EPS dropped 51.5% to $0.82. Operating income declined 20.5% to $50.8 million.
•Revenue increased 10.5% YoY to $1.41 billion.
•Net income decreased 55.0% to $55.3 million.
•Diluted EPS fell 51.5% to $0.82.
•Operating income declined 20.5% to $50.8 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Meritage Homes designs and builds single-family attached and detached homes in the United States. Its operations are structured into two segments: Homebuilding and Financial Services.
It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee Title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers. Founded in 1985, Meritage Homes is based in Scottsdale, Arizona.
Meritage Homes Corporation designs and builds single-family attached and detached homes across the United States. The company primarily serves entry-level and first move-up buyers, offering a range of homes in various states including Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. In addition to homebuilding, Meritage Homes provides title and escrow, mortgage, insurance, title insurance, and closing/settlement services to its homebuyers through its Financial Services segment. The company operates through two main segments: Homebuilding and Financial Services, allowing it to offer a comprehensive home buying experience from construction to financing and closing.
On which stock exchange is Meritage Homes (MTH) listed and what currency is used?
Meritage Homes Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol MTH. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. As a US-based company trading on a major US exchange, investors can buy and sell MTH shares during regular NYSE trading hours, and dividends (if any) are paid in USD. The listing on the NYSE provides liquidity and visibility to a broad range of institutional and retail investors.
What sector and industry does Meritage Homes (MTH) belong to?
Meritage Homes Corporation operates in the Consumer Cyclical sector, specifically within the Residential Construction industry. This means the company's performance is closely tied to the health of the economy and consumer confidence, as home buying tends to increase during economic expansions and decline during recessions. As a residential construction company, Meritage Homes focuses on building and selling single-family homes, which are a major component of the housing market. The company's industry classification highlights its role in providing housing to consumers, particularly entry-level and first move-up buyers, and its sensitivity to interest rates, housing demand, and economic cycles.
Where is Meritage Homes headquartered and what markets does it serve?
Meritage Homes Corporation is headquartered in Scottsdale, Arizona, a city in the Phoenix metropolitan area. The company was founded in 1985 and has since expanded its operations across multiple states. Meritage Homes serves homebuyers in Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. These markets span the Sun Belt region of the United States, which is known for population growth and favorable climate. By focusing on these states, Meritage Homes targets areas with strong demand for new homes, particularly among entry-level and first move-up buyers. The company's geographic diversification helps mitigate risks associated with regional economic downturns.
How does Meritage Homes (MTH) make money?
Meritage Homes generates revenue primarily through its Homebuilding segment, which involves acquiring and developing land, and constructing, marketing, and selling single-family homes. The company targets entry-level and first move-up buyers, offering a range of home designs and price points. In addition to home sales, Meritage Homes earns income through its Financial Services segment, which provides mortgage, title, escrow, insurance, and closing/settlement services to its homebuyers. This integrated approach allows the company to capture additional revenue from the home buying process beyond the sale of the home itself. By offering these services in-house, Meritage Homes can streamline the customer experience and potentially increase profitability per transaction.