Sees FY25 home closing volume 16,250-16,750 units. “With over 50% of this quarter’s closings sold during this quarter, our backlog conversion rate was a company-record 177%,” added Phillippe Lord, chief executive officer of Meritage Homes (MTH). “Our 4,044 deliveries this quarter combined with home closing gross margin of 23.2% and SG&A leverage of 10.8% resulted in diluted EPS of $4.72. We increased our book value per share 12.9% year-over-year to $142.98 and generated a return on equity of 16.1% as of December 31, 2024.”*
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