April 17, 2024 5:47 pm
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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.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.