Key Developments: Meritage Homes Corp (MTH.N)

MTH.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Meritage Homes Corp to acquire Legendary Communities
Thursday, 10 Jul 2014 04:00pm EDT 

Meritage Homes Corp:Announces its definitive agreement to acquire the homebuilding assets and operations of Atlanta-based Legendary Communities for a purchase price of about $130 million.  Full Article

Meritage Homes Corp announces public offering of common stock
Thursday, 9 Jan 2014 04:01pm EST 

Meritage Homes Corp:Says it has commenced an underwritten registered public offering of 2,200,000 shares of its common stock.Says all shares are being offered by the company.Says it has granted the underwriters a 30-day option to purchase up to 330,000 additional shares.Says it plans to use the proceeds received from the offering for working capital, potential expansion into new markets and/or expansion of existing markets, including the possible acquisition of other homebuilders or assets and general corporate purposes.Says Citigroup, Deutsche Bank Securities, J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for the offering.  Full Article

Meritage Homes Corp announces closing of additional $100 mln of 7.15% Senior Unsecured Notes Due 2020
Tuesday, 26 Nov 2013 09:20am EST 

Meritage Homes Corp:Says the closing and settlement of a private placement of $100 million aggregate principal amount of 7.15% senior unsecured notes due Apr. 15, 2020 (the new notes).Says completed transaction resulted in approximately $104.6 million in net proceeds (before paying certain transaction-related expenses) to the company.Says the new notes were offered to qualified institutional buyers.  Full Article

Meritage Homes Corp Announces Pricing Of Additional $100 Million Of 7.15% Senior Unsecured Notes Due 2020
Thursday, 21 Nov 2013 04:37pm EST 

Meritage Homes Corporation announced that the pricing of an additional $100 million aggregate principal amount of its 7.15% senior unsecured notes due April 15, 2020 (the "new notes"). The new notes were sold at $106.699 per $100 value to yield 5.875%. The new notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act. The expected closing date for the private placement of these notes is November 26, 2013.  Full Article

Meritage Homes Corp reaffirms FY 2013 EPS guidance - Conference Call
Wednesday, 6 Nov 2013 08:00am EST 

Meritage Homes Corp:Sees FY 2013 net earnings between $2.95 and $3.05 per diluted share.  Full Article

Meritage Homes Corp Updates FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Wednesday, 23 Oct 2013 08:00am EDT 

Meritage Homes Corp announced that it has revised its models and are projecting home closing revenue of approximately $1.8 billion for fiscal 2013, with projected earnings per diluted share (EPS) in the range of $2.95-$3.05 for fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.8 billion and EPS of $2.35 for fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.8 billion and EPS of $2.76 for fiscal 2013.  Full Article

Meritage Homes Corp Announces Acquisition of Phillips Builders
Wednesday, 4 Sep 2013 01:57pm EDT 

Meritage Homes Corp announced its entry into the Nashville, Tennessee, market through the acquisition of the assets and operations of Phillips Builders. The Phillips family has built more than 20,000 homes in Nashville since 1952, spanning three generations. Phillips sells homes that range from approximately $175,000 to $425,000. With this acquisition, Meritage will acquire approximately 500 lots that will be available for future sales and expects to close 150-200 homes in 2014 as the Company expands operations in Nashville. Meritage Homes will operate in Nashville under the Phillips Builders brand name, and Jason and Charlie Phillips will continue to lead the Company and grow the homebuilding business for Meritage Homes in Nashville.  Full Article

Meritage Homes Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Raises FY 2013 EPS Guidance
Wednesday, 24 Jul 2013 07:01am EDT 

Meritage Homes Corp announced that for fiscal 2013, it expects home closing revenue of approximately $1.7-1.8 billion, resulting in projected earnings per diluted share (EPS) in the range of $2.65-$2.85. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.8 billion and EPS of $2.35 for fiscal 2013.  Full Article

Meritage Homes Corp Reaffirms FY 2013 EPS Guidance-Conference Call
Friday, 24 May 2013 09:15am EDT 

Meritage Homes Corp announced that for fiscal 2013, it expects earnings per diluted share in the range of $2.20-$2.45. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.34 for fiscal 2013.  Full Article

Meritage Homes Corp Issues FY 2013 EPS Guidance Above Analysts' Estimates
Wednesday, 24 Apr 2013 08:00am EDT 

Meritage Homes Corp announced that for fiscal 2013, it expects earnings per diluted share in the range of $2.20-$2.45. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.95 for fiscal 2013.  Full Article

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