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Dec 31, 2021
Meritage Homes Q4 2021 Earnings Report
Meritage Homes reported Q4 2021 results, including an increase in home closing gross margin, community count, and diluted EPS over the prior year.
Key Takeaways
Meritage Homes reported strong Q4 2021 results with record quarterly home closing revenue, home closing gross profit, and diluted EPS. The company's success was attributed to strong demand in the homebuilding market and effective execution by the team.
Achieved highest fourth quarter of sales orders and second highest quarterly home closings.
Broke several financial company records, including highest quarterly home closing revenue, home closing gross profit and diluted EPS.
Ended the quarter with 259 active communities, a 33% year-over-year increase.
Projecting 14,500-15,500 home closings for the full year 2022, generating $6.1-6.5 billion in home closing revenue.
Revenue by Geographic Location
Forward Guidance
Meritage Homes projects 14,500-15,500 home closings for the full year 2022, which they anticipate will generate $6.1-6.5 billion in home closing revenue. Home closing gross margin is projected to be around 27.75%. With a projected effective tax rate of 25%, they expect diluted EPS to be in the range of $23.15-24.65 for 2022.
Positive Outlook
- Projecting 14,500-15,500 home closings for the full year 2022.
- Anticipate generating $6.1-6.5 billion in home closing revenue.
- Home closing gross margin is projected to be around 27.75%.
- Projected effective tax rate of 25%.
- Expect diluted EPS to be in the range of $23.15-24.65 for 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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