Meritage Homes Impresses With Q1 2024 Earnings

Friday, 26 April 2024, 13:00
Meritage Homes reported strong Q1 2024 results with higher margins and volume growth. The company exceeded expectations by closing 148% of its backlog, resulting in a significant spread in margins. Pricing power was evident, especially in the entry-level segment, supported by stable cycle times and direct costs. The company's robust financial performance signals confidence in its operational model and ability to maintain profitability.
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Meritage Homes Impresses With Q1 2024 Earnings

Meritage Homes Q1 2024 Earnings Exceed Expectations

Meritage Homes reported strong Q1 2024 results with higher margins and volume growth. The company exceeded expectations by closing 148% of its backlog, resulting in a significant spread in margins.

Pricing Power and Market Strength

Pricing power was evident, especially in the entry-level segment, supported by stable cycle times and direct costs.

Financial Performance

The company's robust financial performance signals confidence in its operational model and ability to maintain profitability.

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