Meritage Homes Impresses With Q1 2024 Earnings
Friday, 26 April 2024, 13:00
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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