Meritage Homes Corporation
(NYSE: MTH)
Headquarters: Plano,
TX/
Scottsdale, AZ
CEO: John
R. Landon,
Steven J. Hilton
Employees*: apprx. 1,900
Home Types: First-time, Move-up,
Active
Adult, Luxury
Average price: $318,600
Year end: December 31 |
Meritage is a leader in the consolidating homebuilding industry,
evidenced by 18 consecutive years of record revenue and net earnings.
The Company's success has garnered national recognition: Meritage
was recently named on Forbes' "Platinum
400" list of America's Best Big Companies in terms of five-year
annualized total return for the third consecutive year. The
Company is ranked as one of Fortune's Fastest Growing Companies
in America, its fifth appearance on this list in seven years-
and in 2004 was named the Fastest Growing Public Builder in America
by Builder magazine.
Meritage has built more than 40,000 homes, ranging from entry-level
to semi-custom luxury and operates in fast-growing states
of the South and West, including six of the top ten single-family
housing markets in the country.
For the year ended December 31, 2005, Meritage recorded home
sales revenue of $3 billion and net earnings of $256 million.
At the end of December 2005, homes in backlog stood at 6,394,
valued at $2.2 billion.
For more information, click
here to visit Meritage's Web site.
* Employee figures are for the calendar
year 2004. |
