Meritage Homes Corporation: Will The Acquisition Of Acquisition of Elliott Homes Be A Game Changer?

Meritage Homes reported solid results for the third quarter of 2024. The company focused on their strategy of constructing affordable, move-in ready homes—a strategy that resonates positively with homebuyers. Key financials for this period included home closing revenue of $1.6 billion and a diluted earnings per share (EPS) of $5.34. Despite a slight year-over-year decrease in closing average selling price due to product and geographic mix, backed by higher utilization of financing incentives, they still managed a 24.8% home closing gross margin.