As a result of those risks and uncertainties, the Company's stock and note prices may fluctuate dramatically. Meritage's business is subject to a number of risks and uncertainties. The Company makes no commitment, and disclaims any duty, to update or revise any forward-looking statements to reflect future events or changes in these expectations. Actual results may differ from those set forth in the forward-looking statements. Such statements are based upon the current beliefs and expectations of Company management, and current market conditions, which are subject to significant uncertainties and fluctuations. Such statements include management's expectations with respect to the estimated impacts of the recent hurricanes on our Texas and Florida business in the third quarter of 2017. The information included in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company expects to report its full third quarter results on October 27, 2017, and will provide additional details and updated guidance at that time. We have resumed operations in all of our communities in Florida and are working through many issues, though we’re experiencing general delays in the after-effects of the storms.” “Sales and production were interrupted for about three weeks, which pushed approximately 20 closings and 50 sales out of the third quarter. “Florida is a different story, where we experienced severe disruptions due to extensive damage to the electrical grid,” he continued. “We lost two weeks of production and sales in Houston, which delayed an estimated 30-35 closings and as many as 40 sales during the quarter, though our operations in Houston have been fully up and running for most of September. Hilton, chairman and chief executive officer for Meritage Homes. “Considering that two of our largest divisions were severely impacted by hurricanes in the third quarter, we are pleased to have delivered solid year-over-year growth, which could have been even greater without the storms,” said Steven J. Net orders increased approximately 8% to 1,874 in the third quarter from 1,737 in the same period of 2016.Įnding backlog increased to 3,333 units at the end of third quarter of 2017, compared to 3,251 at September 30, 2016. Home closings increased approximately 9% to 1,969 in the third quarter of 2017 from 1,800 in the third quarter of 2016. homebuilder, reported its preliminary home orders, closings and backlog for the third quarter ended September 30, 2017. 03, 2017 (GLOBE NEWSWIRE) - Meritage Homes Corporation (NYSE:MTH), a leading U.S.
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