Meritage Homes Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 04:31 pm EST
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Meritage Homes Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,653.21 million compared to USD 1,991.39 million a year ago. Net income was USD 198.85 million compared to USD 262.37 million a year ago. Basic earnings per share from continuing operations was USD 5.46 compared to USD 7.17 a year ago. Diluted earnings per share from continuing operations was USD 5.38 compared to USD 7.09 a year ago.
For the full year, revenue was USD 6,113.01 million compared to USD 6,268.73 million a year ago. Net income was USD 738.75 million compared to USD 992.19 million a year ago. Basic earnings per share from continuing operations was USD 20.17 compared to USD 27.04 a year ago. Diluted earnings per share from continuing operations was USD 19.93 compared to USD 26.74 a year ago.
Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. Its segments include Homebuilding and Financial Services. The Homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The Financial Services segment offer title and escrow, mortgage, and insurance services. It has operations in three regions: West, Central and East, which are comprised of 10 states: Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. These three regions are its principal homebuilding reporting segments. Its homebuilding activities are conducted under the name of Meritage Homes in each of its homebuilding markets. It also operates Carefree Title Agency, Inc., its wholly owned title company, which provides title insurance and closing/settlement services to its homebuyers in certain states.
MERITAGE HOMES CORPORATION 
