Meritage Homes Corporation (MTH) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

As a reminder, this conference is being recorded. It is now my pleasure to introduce you to your host, Emily Todano, VP of Investor Relations and External Communications. Thank you, Emily. You may begin. Thank you, operator. Good morning and welcome to our analyst call to discuss our first quarter 2025 results. We issued the press release yesterday after the market closed. You can find it along with the slides we'll refer to during this call on our website at investors.meritagehomes.com or by selecting the investor relations link at the bottom of our homepage. Please refer to slide two, cautioning you that our statements during this call as well as in the earnings release and accompanying slides contain forward-looking statements. Those and any other projections represent the current opinions of management, which are subject to change at any time, and we assume no obligation to update them. Any forward-looking statements are inherently uncertain. Our actual results may be materially different than our expectations due to a wide variety of risk factors, which we have identified and listed on this slide, as well as in our earnings release and most recent filings with the Securities and Exchange Commission, specifically our 2024 Annual Report on Form 10-K. We have also provided a reconciliation of certain non-GAAP financial measures referred to in our earnings release, as compared to their closest related gap measures. All share and per share amounts have been retroactively restated to reflect the stock split for the first quarter 2024 period. With us today to discuss our results are Steve Hilton, Executive Chairman, Philippe Lord, CEO, and Giles Ferruza, Executive Vice President and CFO of Meritage Homes. We expect today's call to last about an hour. A replay will be a...