Meritage CEO glad to retire at a high point

(Disclosure: Rose Law Group represents Meritage Homes.)

By Angela Gonzales | Phoenix Business Journal

Steve Hilton ran his last earnings call today as CEO of Meritage Homes Corp. — at a time when the Scottsdale homebuilder reported record third quarter sales orders. It was his 91st consecutive earnings call since he took the company public in 1997.

Also during the third quarter, Meritage (NYSE: MTH) had its strongest absorptions since 2005, record quarterly home closing revenue and its best quarterly gross margin since 2014, while also achieving its lowest net debt to capital in the company’s history, Hilton, who announced his retirement last month, told investors on the earnings call today.

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