Earnings Call Summary | Meritage Homes(MTH.US) Q1 2024 Earnings Conference
Earnings Call Summary | Meritage Homes(MTH.US) Q1 2024 Earnings Conference
The following is a summary of the Meritage Homes Corporation (MTH) Q1 2024 Earnings Call Transcript:
Financial Performance:
Meritage Homes reported Q1 revenue of $1.5 billion, with home deliveries of 3,507 units contributing to this figure.
The gross margin for the quarter stood at 25.8%, helped by a sales order volume of 3,991 homes.
The earnings per share for the period were $5.06.
The book value per share increased 17% year-on-year to $129.98.
The return on equity was reported to be 18%.
Business Progress:
Meritage Homes was recognized as an EPA's ENERGY STAR Partner of the Year and made Newsweek's 2024 America's Greenest Companies list.
-The company also featured on Forbes' 2024 list of the most successful mid-cap companies.
-The company is increasing investment in its land acquisitions and off-balance-sheet financing opportunities.
-It forecasted its full-year 2024 home closing revenue to be in the region of $6 billion to $6.2 billion.
-The Company has shifted its focus to the entry-level market segment and is strategizing to increase absorption rates in this segment.
-The projected gross margins for FY 2025 could be similar or higher than FY 2024.
More details: Meritage Homes IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the Meritage Homes Corporation (MTH) Q1 2024 Earnings Call Transcript:
以下是Meritage Homes Corporation(MTH)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Meritage Homes reported Q1 revenue of $1.5 billion, with home deliveries of 3,507 units contributing to this figure.
The gross margin for the quarter stood at 25.8%, helped by a sales order volume of 3,991 homes.
The earnings per share for the period were $5.06.
The book value per share increased 17% year-on-year to $129.98.
The return on equity was reported to be 18%.
Meritage Homes報告稱,第一季度收入爲15億美元,其中3,507套住房送貨上門。
本季度的毛利率爲25.8%,這得益於3,991套房屋的銷售訂單。
該期間的每股收益爲5.06美元。
每股賬面價值同比增長17%,至129.98美元。
據報道,股本回報率爲18%。
Business Progress:
業務進展:
Meritage Homes was recognized as an EPA's ENERGY STAR Partner of the Year and made Newsweek's 2024 America's Greenest Companies list.
-The company also featured on Forbes' 2024 list of the most successful mid-cap companies.
-The company is increasing investment in its land acquisitions and off-balance-sheet financing opportunities.
-It forecasted its full-year 2024 home closing revenue to be in the region of $6 billion to $6.2 billion.
-The Company has shifted its focus to the entry-level market segment and is strategizing to increase absorption rates in this segment.
-The projected gross margins for FY 2025 could be similar or higher than FY 2024.
Meritage Homes被評爲美國環保局的年度能源之星合作伙伴,併入選了《新聞週刊》的2024年美國最環保公司名單。
-該公司還入選了《福布斯》2024年最成功的中型股公司名單。
-公司正在增加對土地收購和資產負債表外融資機會的投資。
-該公司預測其2024年全年房屋關閉收入將在60億美元至62億美元之間。
-公司已將重點轉移到入門級細分市場,並正在制定戰略以提高該細分市場的吸收率。
-2025財年的預計毛利率可能與2024財年相似或更高。
More details: Meritage Homes IR
更多詳情: Meritage Homes IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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