meritage homes corp (MTH) Key Developments
Meritage Homes Corporation Creates a New South Region to Be Based in Atlanta; Hires James Thrower to Lead the New Region as South Region President
Jul 11 14
Meritage Homes Corporation announced that the company has created a new South Region to be based in Atlanta. Initially, the region will include Meritage's recently acquired operations in Nashville, Tennessee, and the Atlanta and Greenville-Spartanburg markets to be added with the acquisition of Legendary Communities that was announced earlier this week. This will be the fourth operating region for Meritage Homes, in addition to the existing West, Central and East regions.
James (Jay) Thrower has been hired to lead the new region as South Region President. Jay has more than 25 years of experience in the real estate and homebuilding industry, including 17 years of senior management positions with two other national homebuilders, where he was responsible for operations in Georgia and North and South Carolina.
Meritage Homes Corporation to Acquire Legendary Communities, Expanding its Southeast Operations
Jul 10 14
Meritage Homes Corporation announced its definitive agreement to acquire the homebuilding assets and operations of Legendary Communities for a purchase price of approximately $130 million. Both Atlanta and Greenville-Spartanburg will be new markets for Meritage, while Legendary's Charlotte operations will be combined into Meritage's existing division there.
Meritage Homes Corporation Presents at The Bank of America Merrill Lynch 2014 Housing Summit, Jun-11-2014
May 5 14
Meritage Homes Corporation Presents at The Bank of America Merrill Lynch 2014 Housing Summit, Jun-11-2014 . Venue: Bank of America Conference Center, 100 Federal Street, 2nd Floor, Boston, Massachusetts, United States.
Meritage Homes Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
Apr 23 14
Meritage Homes Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s net earnings increased by $13.3 million to $25.4 million or $0.62 per diluted share, from $12.0 million or $0.32 per diluted share in the first quarter of 2013, driven by higher home closing revenue and gross margins, assisted by additional operating leverage. Total closing revenue was $408.345 million against $336.435 million a year ago. Earnings before income taxes were $39.758 million against $16.475 million a year ago. Net debt as at March 31, 2014 was $566.259 million against $541.232 million a year ago. Net cash used in operating activities was $131.667 million against $0.119 million a year ago. Purchases of property and equipment was $6.995 million against $2.704 million a year ago.
Meritage Homes Corporation to Report Q1, 2014 Results on Apr 23, 2014
Apr 2 14
Meritage Homes Corporation announced that they will report Q1, 2014 results Pre-Market on Apr 23, 2014