[MTH] QoQ Quarter Result on 31-Mar-2024 [#Q1]

Stock
[MTH] Meritage Homes Corporation
Announcement Date
26-Apr-2024
Financial Year
2024
Quarter
31-Mar-2024 [#Q1]
Profit Trend
QoQ- -6.45%
YoY- 41.67%
Quarter Report
MTH's Result
MTH's Financial Summary
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Quarter Result
30/09/24 30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 CAGR
Revenue 1,588,449 1,702,049 1,474,754 1,662,823 1,621,671 1,567,815 1,285,298 15.11%
PBT 249,932 297,361 234,015 258,869 285,734 239,524 165,303 31.63%
Tax 53,966 65,806 47,999 60,018 63,974 52,688 34,002 35.94%
NP 195,966 231,555 186,016 198,851 221,760 186,836 131,301 30.50%
Tax Rate -21.59% -22.13% -20.51% -23.18% -22.39% -22.00% -20.57% -
Total Cost 1,392,483 1,470,494 1,288,738 1,463,972 1,399,911 1,380,979 1,153,997 13.30%
Ratio Analysis
30/09/24 30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 CAGR
NP Margin 12.34 13.60 12.61 11.96 13.67 11.92 10.22 13.35%
Per Share
30/09/24 30/06/24 31/03/24 31/12/23 30/09/23 30/06/23 31/03/23 CAGR
EPS 5.41 6.38 5.12 5.46 6.06 5.08 3.58 31.58%
EPS Diluted 5.34 6.31 5.06 5.38 5.98 5.02 3.54 31.43%

PBT = Profit before Tax, NP = Net Profit, NP Margin = Net Profit Margin, EPS = Earning Per Share, EPS Diluted = Earning Per Share Diluted.

NP Margin, QoQ ⃤ & YoY ⃤ figures in Percentage; EPS & EPS Diluted figures in Cent.

All figures in '000 unless specified.