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第99.1展示文本



						联系人：			Emily Tadano，副总裁投资者关系和esg
									(480) 515-8979（办公室）
									investors@meritagehomes.com

meritage homes报告2024年第三季度业绩

房屋交割增长8%，创下145%的备货转化记录

2024年10月29日，亚利桑那州斯科茨代尔。 - 美利达宅建公司（纽交所：MTH），美国第五大住宅建筑商，报告了截至2024年9月30日的第三季度业绩。

业绩摘要（未经审计）

（以千美元为单位，除每股金额外）


	截至9月30日的三个月						截至9月30日的九个月
	2024		2023		%变化		2024		2023		%变化
房屋成交套数	3,942		3,638		8	%	11,567		10,025		15	%
房屋成交营业收入	$	1,585,784	$	1,610,317	(2)	%	$	4,745,618	$	4,415,261	7	%
平均销售价格—成交	$	402	$	443	(9)	%	$	410	$	440	(7)	%
家庭订单（单位）	3,512		3,474		1	%	11,302		10,301		10	%
家庭订单价值	$	1,425,610	$	1,495,542	(5)	%	$	4,630,261	$	4,477,148	3	%
订单的平均销售价格	$	406	$	430	(6)	%	$	410	$	435	(6)	%
结余订单（单位）							2,284		3,608		(37)	%
结余订单价值							$	931,656	$	1,558,637	(40)	%
结余订单的平均销售价格							$	408	$	432	(6)	%
所得税前利润	$	249,932	$	285,734	(13)	%	$	781,308	$	690,561	13	%
净收益	$	195,966	$	221,760	(12)	%	$	613,537	$	539,897	14	%
摊薄后每股收益	$	5.34	$	5.98	(11)	%	$	16.72	$	14.55	15	%

管理层评论

"我们坚实的2024年第三季度业绩反映了我们转向可负担得起、交房迅速的现房策略，为我们带来了16亿美元的房屋交割营业收入，以及我们第三季度的最高成交量，"Meritage Homes的首席执行主席史蒂文·J·希尔顿说。"我们在7月和8月提供的利率折扣和9月份按揭利率的回落都促成了订单量略有增长胜过传统季节性，帮助我们实现本季度总订单达到3,512套房屋，平均每月吸纳量为4.1。尽管按揭利率市场仍然波动，但我们相信未来几个季度利率预期下降以及有利的人口统计数据和住房供应不足的持续结合，将有助于促进购房需求，并使我们能够保持市场份额的增长。"

"本季度近45%的封盘也在本季度内售出，我们的积压转化率创下公司纪录的145%，" meritage homes的首席执行官菲利普·洛德补充道。"本季度我们的3,942套交付与房屋交割毛利率为24.8%，销售和管理费用率为9.9%，导致摊薄后每股收益达到5.34美元。我们的每股账面价值同比增长15%，至139.02美元，并实现了截至2024年9月30日的17.2%净资产回报率。"*

2024年第三季度，我们的资本配置继续专注于投资增长和向股东返还现金。本季度土地收购和开发支出总额为65940万美元，我们几乎控制了7800个净新增地块。我们还在现金分红和股票回购上共计支出5710万美元，"洛德先生总结道。"截至2024年9月30日，我们的资产负债表仍然强劲，流动性充裕，未依赖可循环信贷工具。我们以83160万美元现金结算本季度，并且净债务与资本比率为8.8%。

第三季度财报。

•2024年第三季度住宅订单为3,512套，同比略微增长1％，2024年和2023年第三季度期间的平均社区数量和平均吸收速度相对稳定。2024年第三季度订单的平均销售价格（"ASP"）为406,000美元，较2023年第三季度下降6％，原因是产品和地理结构调整以及融资激励成本增加。入门级产品在2024年第三季度销售订单中所占比例为92％，而去年同期为88％。

•2024年第三季度房屋成交营业收入同比下降2%，至16亿美元，主要是由于成交量增长8%，抵消了因产品和地理结构混合而导致的成交平均售价下降9%。2024年第三季度的成交平均售价反映了与前一年相比更高的融资激励利用率，尽管每套房屋的融资激励成本更低。入门级别房屋占2024年第三季度房屋成交的93%，而上一年为86%。

•2024年第三季度，由于用地成本更高、融资激励利用增加以及在较低的住宅封盘营业收入上杠杆固定成本较少，导致封盘毛利率下降了190个基点，从上一年的26.7%下降至24.8%，部分被节约成本和施工周期缩短所抵消。

•2024年第三季度，金融服务利润为310万美元，其中有300万美元与利率锁定解除成本相关的冲销。而2023年第三季度金融服务利润为570万美元，没有类似的冲销。

•作为2024年第三季度房屋成交营业收入的9.9％，销售、一般和管理费用（"SG&A"）较2023年第三季度的10.1％有所改善，主要是由于绩效为基础的补偿成本降低。

•2023年第三季度，我们因2025年到期的6.00%优先票据的15000万美元部分赎回而确认了900,000美元的提前偿还债务损失（"2025票据"）。2024年第三季度没有进行类似的赎回。

•2024年第三季度的有效所得税率为21.6%，低于2023年的22.4%。在这两个时期，公司的税率都受益于按照《通胀减少法案》在符合条件的住房上获得的符合资格的能源税收抵免。

•2024年第三季度净收益为19600万美元（每股摊薄5.34美元），较2023年第三季度的22180万美元（每股摊薄5.98美元）下降12%，主要是由于低于预期的房屋成交收入和毛利润。

截至今日的年度结果

•2024年前九个月的总销售订单较去年同期增加了10％，完全由2023年前九个月的平均吸收速度比较增加了10％推动。

•2024年前九个月，房屋成交量增加了15％，达到47亿美元，尽管由于产品和地理结构的组合，导致房屋成交价格的ASP下降了7％。2024年前九个月的房屋成交价格ASP反映出与去年相比更多地利用了融资激励措施，尽管每套房屋的融资激励成本较低。

•2024年前9个月，房屋结算毛利率提高80个基点，从去年的24.7%增至25.5%，主要是由于较低的直接成本、固定成本在更高的房屋结算营业收入上的更大杠杆效应以及较短的施工周期时间。这些部分抵消了较高的地皮成本。

•2024年前九个月金融服务利润为720万美元，其中包括1090万美元的与汇率锁定解除成本相关的冲销。相比之下，2023年前九个月的金融服务利润为610万美元，其中有980万美元的类似冲销。

•SG&A expenses of 9.8% of home closing revenue improved from 10.0% in the prior year due to greater leverage on higher home closing revenue and lower performance-based compensation costs.

•In the first nine months of 2024, other income, net totaled $31.2 million, compared to $35.0 million in the prior year, mainly as a result of less interest income earned on a lower cash balance.

•In the first nine months of 2024, we recognized a loss on early extinguishment of debt of $0.6 million in connection with the $250.0 million redemption of the 2025 Notes. In the first nine months of 2023, we recognized a loss on early extinguishment of debt of $0.9 million in connection with the $150.0 million partial redemption of the 2025 Notes.

•The effective tax rate for the first nine months of 2024 and 2023 was 21.5% and 21.8%, respectively. The Company's tax rates in both periods benefited from earned eligible energy tax credits on qualifying homes under the IRA.

•Net earnings were $613.5 million ($16.72 per diluted share) for the first nine months of 2024, a 14% increase from $539.9 million ($14.55 per diluted share) for the first nine months of 2023, primarily reflecting higher home closing revenue and gross profit, as well as lower SG&A as a percentage of home closing revenue.

BALANCE SHEET & LIQUIDITY

•Cash and cash equivalents at September 30, 2024 totaled $831.6 million, compared to $921.2 million at December 31, 2023.

•Land acquisition and development spend totaled $659.4 million for the third quarter of 2024, compared to $537.2 million for the third quarter of 2023.

•Approximately 74,800 lots were owned or controlled as of September 30, 2024, compared to approximately 60,700 total lots as of September 30, 2023. Nearly 7,800 net new lots were added in the third quarter of 2024, representing an estimated 48 future communities.

•Third quarter 2024 ending community count was 278 compared to 287 at June 30, 2024 and 272 at September 30, 2023.

•Debt-to-capital and net debt-to-capital ratios were 20.7% and 8.8%, respectively, at September 30, 2024, which compared to 17.9% and 1.9%, respectively, at December 31, 2023.

•The Company declared and paid quarterly cash dividends of $0.75 per share totaling $27.1 million in the third quarter of 2024, up from $0.27 per share totaling $9.8 million in the third quarter of 2023. Year-to-date dividends paid were $81.6 million and $29.7 million in 2024 and 2023, respectively.

•During the third quarter of 2024, the Company repurchased 151,220 shares of stock, or 0.4% of shares outstanding at the beginning of the quarter, for $30.0 million. For the first nine months of 2024, the Company repurchased 513,639 shares of stock, or 1.4% of shares outstanding at the beginning of the year, for a total of

$85.9 million. As of September 30, 2024, $99.1 million remained available to repurchase under the authorized share repurchase program.

GUIDANCE

The Company is providing the following guidance for the fourth quarter of 2024, based on year to date results and current market conditions:


						Fourth Quarter 2024
Home closing volume						3,750-3,950 units
Home closing revenue						$1.50-1.59 billion
Home closing gross margin						22.5-23.5%
Effective tax rate						Approximately 22.5%
Diluted EPS						$4.10-4.60

CONFERENCE CALL

Management will host a conference call to discuss its third quarter 2024 results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Wednesday, October 30, 2024. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 US toll free or 1-412-902-0046. A replay will be available on the Investor Relations page.

* The Company's return on equity is calculated as net income for the trailing twelve months divided by average total stockholders' equity for the trailing five quarters. The Company's book value per share is calculated as total stockholders' equity as of the last day of the period divided by the shares outstanding as of the last day of the period.

Meritage Homes Corporation and Subsidiaries

Consolidated Income Statements

(In thousands, except per share data)

(Unaudited)


		Three Months Ended September 30,
		2024		2023		Change $		Change %
Homebuilding:
	Home closing revenue	$	1,585,784	$	1,610,317	$	(24,533)	(2)	%
	Land closing revenue	2,665		2,783		(118)		(4)	%
	Total closing revenue	1,588,449		1,613,100		(24,651)		(2)	%
	Cost of home closings	(1,193,219)		(1,180,742)		12,477		1	%
	Cost of land closings	(1,985)		(2,535)		(550)		(22)	%
	Total cost of closings	(1,195,204)		(1,183,277)		11,927		1	%
	Home closing gross profit	392,565		429,575		(37,010)		(9)	%
	Land closing gross profit	680		248		432		174	%
	Total closing gross profit	393,245		429,823		(36,578)		(9)	%
Financial Services:
	Revenue	8,070		6,109		1,961		32	%
	Expense	(3,706)		(2,871)		835		29	%
	(Loss)/earnings from financial services unconsolidated entities and other, net	(1,263)		2,462		(3,725)		(151)	%
	Financial services profit	3,101		5,700		(2,599)		(46)	%
Commissions and other sales costs		(97,898)		(99,122)		(1,224)		(1)	%
General and administrative expenses		(59,198)		(63,091)		(3,893)		(6)	%

Interest expense		—		—		—		—	%
Other income, net		10,682		13,331		(2,649)		(20)	%
Loss on early extinguishment of debt		—		(907)		(907)		n/a
Earnings before income taxes		249,932		285,734		(35,802)		(13)	%
Provision for income taxes		(53,966)		(63,974)		(10,008)		(16)	%
Net earnings		$	195,966	$	221,760	$	(25,794)	(12)	%

Earnings per common share:
	Basic					Change $ or shares		Change %
	Earnings per common share	$	5.41	$	6.06	$	(0.65)	(11)	%
	Weighted average shares outstanding	36,226		36,603		(377)		(1)	%
	Diluted
	Earnings per common share	$	5.34	$	5.98	$	(0.64)	(11)	%
	Weighted average shares outstanding	36,669		37,078		(409)		(1)	%

Meritage Homes Corporation and Subsidiaries

Consolidated Income Statements

(In thousands, except per share data)

(Unaudited)



		Nine Months Ended September 30,
		2024		2023		Change $		Change %
Homebuilding:
	Home closing revenue	$	4,745,618	$	4,415,261	$	330,357	7	%
	Land closing revenue	4,970		44,547		(39,577)		(89)	%
	Total closing revenue	4,750,588		4,459,808		290,780		7	%
	Cost of home closings	(3,535,589)		(3,326,245)		209,344		6	%
	Cost of land closings	(4,283)		(42,682)		(38,399)		(90)	%
	Total cost of closings	(3,539,872)		(3,368,927)		170,945		5	%
	Home closing gross profit	1,210,029		1,089,016		121,013		11	%
	Land closing gross profit	687		1,865		(1,178)		(63)	%
	Total closing gross profit	1,210,716		1,090,881		119,835		11	%
Financial Services:
	Revenue	22,734		18,050		4,684		26	%
	Expense	(10,633)		(8,910)		1,723		19	%
	Loss from financial services unconsolidated entities and other, net	(4,853)		(3,074)		1,779		58	%
	Financial services profit	7,248		6,066		1,182		19	%
Commissions and other sales costs		(304,113)		(277,766)		26,347		9	%
General and administrative expenses		(163,114)		(162,750)		364		—	%

Interest expense		—		—		—		—	%
Other income, net		31,202		35,037		(3,835)		(11)	%
Loss on early extinguishment of debt		(631)		(907)		(276)		(30)	%
Earnings before income taxes		781,308		690,561		90,747		13	%
Provision for income taxes		(167,771)		(150,664)		17,107		11	%
Net earnings		$	613,537	$	539,897	$	73,640	14	%

Earnings per common share:
	Basic					Change $ or shares		Change %
	Earnings per common share	$	16.91	$	14.72	$	2.19	15	%
	Weighted average shares outstanding	36,286		36,677		(391)		(1)	%
	Diluted
	Earnings per common share	$	16.72	$	14.55	$	2.17	15	%
	Weighted average shares outstanding	36,701		37,109		(408)		(1)	%

Meritage Homes Corporation and Subsidiaries

Consolidated Balance Sheets

(In thousands, except share data)

(Unaudited)


	September 30, 2024		December 31, 2023
Assets:
Cash and cash equivalents	$	831,559	$	921,227

Other receivables	286,939		266,972
Real estate (1)	5,457,103		4,721,291

Deposits on real estate under option or contract	207,461		111,364
Investments in unconsolidated entities	18,217		17,170
Property and equipment, net	47,231		48,953
Deferred tax asset, net	51,146		47,573
Prepaids, other assets and goodwill	203,796		218,584
Total assets	$	7,103,452	$	6,353,134
Liabilities:
Accounts payable	$	287,403	$	271,650
Accrued liabilities	439,871		424,764
Home sale deposits	32,133		36,605

Loans payable and other borrowings	9,306		13,526
Senior and convertible senior notes, net	1,304,949		994,689
Total liabilities	2,073,662		1,741,234
Stockholders' Equity:
Preferred stock	—		—
Common stock, par value $0.01. Authorized 125,000,000 shares; 36,179,602 and 36,425,037 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	362		364
Additional paid-in capital	176,929		290,955
Retained earnings	4,852,499		4,320,581

Total stockholders’ equity	5,029,790		4,611,900
Total liabilities and stockholders’ equity	$	7,103,452	$	6,353,134
(1) Real estate – Allocated costs:
Homes under contract under construction	$	719,430	$	704,206
Unsold homes, completed and under construction	1,599,921		1,260,855
Model homes	114,079		118,252
Finished home sites and home sites under development	3,023,673		2,637,978
Total real estate	$	5,457,103	$	4,721,291

Meritage Homes Corporation and Subsidiaries

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)


	Nine Months Ended September 30,
	2024		2023
Cash flows from operating activities:
Net earnings	$	613,537	$	539,897
Adjustments to reconcile net earnings to net cash (used in)/provided by operating activities:
Depreciation and amortization	19,358		17,576

Stock-based compensation	19,305		16,557
Loss on early extinguishment of debt	631		907

Equity in earnings from unconsolidated entities	(3,925)		(4,651)

Distribution of earnings from unconsolidated entities	4,005		5,158
Other	15,093		1,408
Changes in assets and liabilities:
Increase in real estate	(723,835)		(137,543)
Increase in deposits on real estate under option or contract	(96,404)		(17,027)
Decrease/(increase) in other receivables, prepaids and other assets	7,307		(9,447)
Increase in accounts payable and accrued liabilities	21,387		37,085
(Decrease)/increase in home sale deposits	(4,472)		10,172
Net cash (used in)/provided by operating activities	(128,013)		460,092
Cash flows from investing activities:
Investments in unconsolidated entities	(10,442)		(3,859)
Distributions of capital from unconsolidated entities	—		43
Purchases of property and equipment	(21,174)		(31,221)
Proceeds from sales of property and equipment	179		334
Maturities/sales of investments and securities	750		750
Payments to purchase investments and securities	(750)		(750)


Net cash used in investing activities	(31,437)		(34,703)
Cash flows from financing activities:

Repayment of loans payable and other borrowings	(7,850)		(2,616)
Repayment of senior notes	(250,695)		(150,884)
Proceeds from issuance of convertible senior notes	575,000		—
Payment of debt issuance costs	(17,332)		—
Purchase of capped calls related to issuance of convertible senior notes	(61,790)		—
Dividends paid	(81,619)		(29,695)
Repurchase of shares	(85,932)		(55,000)


Net cash provided by/(used in) financing activities	69,782		(238,195)
Net (decrease)/increase in cash and cash equivalents	(89,668)		187,194
Beginning cash and cash equivalents	921,227		861,561
Ending cash and cash equivalents	$	831,559	$	1,048,755

Meritage Homes Corporation and Subsidiaries

Operating Data

(Dollars in thousands)

(Unaudited)

We aggregate our homebuilding operating segments into reporting segments based on similar long-term economic characteristics and geographical proximity. Our three reportable homebuilding segments are as follows:

•West: Arizona, California, Colorado, and Utah

•Central: Texas

•East: Florida, Georgia, North Carolina, South Carolina, and Tennessee


	Three Months Ended September 30,
	2024			2023
	Homes	Value		Homes	Value
Homes Closed:
West Region	1,220	$	594,509	1,172	$	606,833
Central Region	1,174	416,802		1,102	452,687
East Region	1,548	574,473		1,364	550,797
Total	3,942	$	1,585,784	3,638	$	1,610,317
Homes Ordered:
West Region	1,067	$	521,029	985	$	521,049
Central Region	1,031	366,524		1,099	425,165
East Region	1,414	538,057		1,390	549,328
Total	3,512	$	1,425,610	3,474	$	1,495,542


	Nine Months Ended September 30,
	2024			2023
	Homes	Value		Homes	Value
Homes Closed:



West Region	3,499	$	1,732,978	2,954	$	1,543,372

Central Region	3,606	1,303,547		3,244	1,334,368





East Region	4,462	1,709,093		3,827	1,537,521
Total	11,567	$	4,745,618	10,025	$	4,415,261

Homes Ordered:



West Region	3,351	$	1,659,130	3,261	$	1,672,310

Central Region	3,441	1,248,561		3,237	1,286,063





East Region	4,510	1,722,570		3,803	1,518,775
Total	11,302	4,630,261		10,301	4,477,148

Order Backlog:



West Region	598	$	286,336	1,179	$	579,787

Central Region	603	223,865		956	370,279





East Region	1,083	421,455		1,473	608,571
Total	2,284	$	931,656	3,608	$	1,558,637


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	Ending	Average	Ending	Average	Ending	Average	Ending	Average
Active Communities:
West Region	86	85.5	84	91.0	86	83.2	84	93.1
Central Region	72	74.0	82	82.0	72	79.2	82	81.8
East Region	120	123.0	106	108.5	120	115.7	106	103.5
Total	278	282.5	272	281.5	278	278.1	272	278.4

Meritage Homes Corporation and Subsidiaries

Supplement and Non-GAAP information

(Unaudited)

Supplemental Information (Dollars in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Depreciation and amortization	$	6,546	$	6,380	$	19,358	$	17,576

Summary of Capitalized Interest:
Capitalized interest, beginning of period	$	54,327	$	61,078	$	54,516	$	60,169
Interest incurred	12,752		14,740		40,004		44,914
Interest expensed	—		—		—		—
Interest amortized to cost of home and land closings	(13,348)		(17,342)		(40,789)		(46,607)
Capitalized interest, end of period	$	53,731	$	58,476	$	53,731	$	58,476

Reconciliation of Non-GAAP Information (Dollars in thousands):


Debt-to-Capital Ratios
	September 30, 2024		December 31, 2023
Senior and convertible senior notes, net, loans payable and other borrowings	$	1,314,255	$	1,008,215
Stockholders' equity	5,029,790		4,611,900
Total capital	$	6,344,045	$	5,620,115
Debt-to-capital	20.7%		17.9%

Senior and convertible senior notes, net, loans payable and other borrowings	$	1,314,255	$	1,008,215
Less: cash and cash equivalents	(831,559)		(921,227)
Net debt	$	482,696	$	86,988
Stockholders’ equity	5,029,790		4,611,900
Total net capital	$	5,512,486	$	4,698,888
Net debt-to-capital (1)	8.8%		1.9%

(1)Net debt-to-capital reflects certain adjustments to the debt-to-capital ratio and is defined as net debt (debt less cash and cash equivalents) divided by total capital (net debt plus stockholders' equity). Net debt-to-capital is considered a non-GAAP financial measure and should be considered in addition to, rather than as a substitute for, the comparable GAAP financial measures. We believe this non-GAAP financial measure is relevant and useful to investors in understanding our operating results and may be helpful in comparing the Company with other companies in the homebuilding industry to the extent they provide similar information. We encourage investors to understand the methods used by other companies in the homebuilding industry to calculate non-GAAP financial measures and any adjustments thereto before comparing to our non-GAAP financial measures.

About Meritage Homes Corporation

Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

Meritage has delivered over 190,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award.

For more information, visit www.meritagehomes.com.

The information included in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include expectations about the housing market in general and our future results including our ability to increase our market share and our fourth quarter 2024 projected home closing volume, home closing revenue, home closing gross margin, effective tax rate and diluted EPS.

Such statements are based on the current beliefs and expectations of Company management and current market conditions, which are subject to significant uncertainties and fluctuations. Actual results may differ from those set forth in the forward-looking statements. The Company makes no commitment, and disclaims any duty, except as required by law, to update or revise any forward-looking statements to reflect future events or changes in these expectations. Meritage's business is subject to a number of risks and uncertainties. As a result of those risks and uncertainties, the Company's stock and note prices may fluctuate dramatically. These risks and uncertainties include, but are not limited to, the following: increases in interest rates or decreases in mortgage availability, and the cost and use of rate locks and buy-downs; inflation in the cost of materials used to develop communities and construct homes; cancellation rates; supply chain and labor constraints; the ability of our potential buyers to sell their existing homes; our ability to acquire and develop lots may be negatively impacted if we are unable to obtain performance and surety bonds; the adverse effect of slow absorption rates; legislation related to tariffs; impairments of our real estate inventory; competition; home warranty and construction defect claims; failures in health and safety performance; fluctuations in quarterly operating results; our level of indebtedness; our exposure to counterparty risk with respect to our capped calls; our ability to obtain financing if our credit ratings are downgraded; our exposure to and impacts from natural disasters or severe weather conditions; the availability and cost of finished lots and undeveloped land; the success of our strategy to offer and market entry-level and first move-up homes; a change to the feasibility of projects under option or contract that could result in the write-down or write-off of earnest money or option deposits; our limited geographic diversification; shortages in the availability and cost of subcontract labor; the replication of our energy-efficient technologies by our competitors; our exposure to information technology failures and security breaches and the impact thereof; the loss of key personnel; changes in tax laws that adversely impact us or our homebuyers; our inability to prevail on contested tax positions; failure of our employees and representatives to comply with laws and regulations; our compliance with government regulations; liabilities or restrictions resulting from regulations applicable to our financial services operations; negative publicity that affects

our reputation; potential disruptions to our business by an epidemic or pandemic, and measures that federal, state and local governments and/or health authorities implement to address it; and other factors identified in documents filed by the Company with the Securities and Exchange Commission, including those set forth in our Form 10-K for the year ended December 31, 2023 and our Form 10-Q for subsequent quarters under the caption "Risk Factors," which can be found on our website at https://investors.meritagehomes.com.