Meritage

Raymond Oppel to Retire from Meritage Homes Board of Directors

Retrieved on: 
Friday, March 15, 2024
Meritage, Meritage Homes Corporation, Executive compensation, MTH

SCOTTSDALE, Ariz., March 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage,” “Meritage Homes” or the “Company”), the fifth-largest public homebuilder in the U.S., today announced that board director Raymond Oppel will not seek re-election to the Board at the Company’s upcoming annual meeting of shareholders and will retire from his position effective May 16, 2024.

Key Points: 
  • SCOTTSDALE, Ariz., March 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage,” “Meritage Homes” or the “Company”), the fifth-largest public homebuilder in the U.S., today announced that board director Raymond Oppel will not seek re-election to the Board at the Company’s upcoming annual meeting of shareholders and will retire from his position effective May 16, 2024.
  • Mr. Oppel joined Meritage’s Board in 1997 and during his tenure, chaired the Executive Compensation Committee.
  • “On behalf of the Board, I would like to thank Ray for an incredible 27 years of service,” said Steven J. Hilton, executive chairman of Meritage Homes.
  • “As one of our inaugural directors, Meritage has benefited invaluably from his real estate and business acumen.

Riviera Pines: A New Residential Community Coming to the Grand Parkway of Houston

Retrieved on: 
Monday, March 25, 2024
Landscape, Other Construction & Property, Architecture, Residential Building & Real Estate, Construction & Property, Texas State Highway 99, Education, Meritage Homes Corporation, Meritage, Multimedia

This is Trophy Signature Homes’ debut in the Houston market.

Key Points: 
  • This is Trophy Signature Homes’ debut in the Houston market.
  • (Photo: Business Wire)
    Riviera Pines is an exciting new residential community in a prime location just south of the Grand Parkway, providing direct access to destinations such as South Woodlands, Exxon Mobil HQ, and more.
  • "We are thrilled to introduce Trophy Signature Homes to the Houston market," said Bobby Samuel, National Vice President of Land.
  • Phase 1 of Riviera Pines is targeted for delivery in Q2 of 2025, with subsequent phases and amenities following soon after.

The Meritage Resort and Spa Unveils $25 Million Reimagination

Retrieved on: 
Monday, April 1, 2024
Olive, KARAT, Crush, Wine, Elixir, Lounge, Food, Coffee, NAPA, Meritage, Chicken, Double, Multimedia, Hotel

NAPA VALLEY, Calif., April 1, 2024 /PRNewswire/ -- The Meritage Resort and Spa proudly unveils its $25 million renovation, presenting 322 transformed guest rooms alongside its existing luxurious 145 guest rooms and suites, now boasting a total of 467 modern, spacious guest accommodations. This extensive renovation also encompasses a new lobby and expanded bar area, refreshed ballrooms, pre-function and meeting rooms, an updated chic bowling lounge, a reimagined café and grab-and-go outlet, and added a premier steakhouse and a Champagne lounge. In the adjacent vineyard, a new chef's vegetable and herb garden, a dining terrace for al fresco dining in the vines, and a brand-new coop for the resident chickens have also been added.

Key Points: 
  • NAPA VALLEY, Calif., April 1, 2024 /PRNewswire/ -- The Meritage Resort and Spa proudly unveils its $25 million renovation, presenting 322 transformed guest rooms alongside its existing luxurious 145 guest rooms and suites, now boasting a total of 467 modern, spacious guest accommodations.
  • Renowned as a premier, singular destination for everything Napa has to offer, the resort is proud to introduce guests to the next evolution of The Meritage experience: a gateway to the best of California Wine Country with a new look that encompasses and reflects the heart of its locale.
  • The $25 million renovation debut comes on the heels of the Meritage Collection's unveiling of its new Stay Golden loyalty program, which includes The Meritage Resort & Spa along with other acclaimed properties in Kauai, Austin and Huntington Beach.
  • To celebrate the inauguration of the renovated resort, The Meritage invites guests to book the limited-time "Discover Vineyard Elegance" package, which includes a $200 resort credit to enjoy the new expanded offerings found throughout the resort.

Spier Wine Farm and ChurchStreet Family are bringing the Cape to the United States

Retrieved on: 
Wednesday, March 20, 2024
Winery, Farm, Cape, Taste, Philosophy, Partnership, Darkness, Character, History, Social responsibility, Classification, Nature, Meritage, Wine, System, Ecosystem, Fair trade, Good, Multimedia, Sotho language

HUNTSVILE, Ala., March 20, 2024 /PRNewswire-PRWeb/ -- Spier Wines, one of South Africa's most distinguished family-owned wine farms, is thrilled to announce a transatlantic partnership with the ChurchStreet Family, a renowned restauranteurs and hospitality group in Alabama. "Together, they'll launch two new wine collections, Naledi, available in the United States on 20 of March, and The Saltress available 6 of April 2024. This collaboration will ferry a taste of South African winemaking to American shores, blending Spier's heritage of quality and sustainability with the pioneering spirit of ChurchStreet.

Key Points: 
  • "Together, they'll launch two new wine collections, Naledi, available in the United States on 20 of March, and The Saltress available 6 of April 2024.
  • Over three centuries, the farm has garnered international acclaim for producing wines of remarkable quality and character, deeply rooted in the local terroir.
  • Spier has twice earned the prestigious recognition as South African Producer of the Year by the International Wine and Spirit Competition (IWSC) in 2011 and 2018.
  • Both Spier and ChurchStreet Family have a deep understanding of their patrons, consistently seeking to elevate experiences.

Meritage Homes Increases Quarterly Cash Dividend And Announces Systematic Share Repurchase Strategy

Retrieved on: 
Thursday, February 22, 2024
Sustainability, Meritage Homes Corporation, Share repurchase, Biophysical environment, Meritage, Policy, MTH

SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share, which increased from the $0.27 per share quarterly dividend in 2023.

Key Points: 
  • SCOTTSDALE, Ariz., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.75 per share, which increased from the $0.27 per share quarterly dividend in 2023.
  • This dividend is payable on March 29, 2024 to shareholders of record as of the close of trading on March 15, 2024.
  • In addition to the increase in the dividend, Meritage has also instituted a formal share repurchase plan with a minimum buyback commitment of $15 million in each quarter of this fiscal year.
  • Consistent with its dividend policy, Meritage intends to review and renew its share repurchase commitment annually.

Meritage Reports 2023 Full-Year Preliminary Results; 2024 Outlook: Accelerated Earnings Growth

Retrieved on: 
Tuesday, February 20, 2024
Forecasting, Growth, MHGU, OTCQX, Restaurant, Operation, Meritage, Dimension stone

Earnings from Operations increased 486.5% to $4.8 million compared to $0.8 million for the same period last year.

Key Points: 
  • Earnings from Operations increased 486.5% to $4.8 million compared to $0.8 million for the same period last year.
  • Net Income was $1.6 million compared to a (loss) of $(0.70) million for the same period last year.
  • Consolidated EBITDA (a non-GAAP measure) increased 104% to $9.7 million compared to $4.8 million for the same period last year.
  • Looking ahead, the Company is forecasting strong earnings growth for fiscal 2024, driven by operating margin improvements as commodity and labor inflation continues to ease.

King Family Vineyards Wins 2024 Virginia Governor's Cup for the 2019 Meritage

Retrieved on: 
Friday, March 8, 2024
Collection, Wine, Petit Verdot, Commonwealth, Growth, Meritage, Forestry, Wine Enthusiast, Gold, Portuguese wine, Cup, Viticulture

RICHMOND, Va., March 8, 2024 /PRNewswire-PRWeb/ -- Governor Glenn Youngkin awarded the 2024 Virginia Governor's Cup® to King Family Vineyards for the 2019 Meritage - a blend of Merlot, Petit Verdot, Cabernet Franc, and Malbec. This year's prestigious award was announced during the annual Virginia Governor's Cup® Gala held at Richmond's Main Street Station on March 7. In its 42nd year, the competition received 752 entries from over 135 Virginia wineries, cideries and meaderies.

Key Points: 
  • RICHMOND, Va., March 8, 2024 /PRNewswire-PRWeb/ -- Governor Glenn Youngkin awarded the 2024 Virginia Governor's Cup® to King Family Vineyards for the 2019 Meritage - a blend of Merlot, Petit Verdot, Cabernet Franc, and Malbec.
  • This year's prestigious award was announced during the annual Virginia Governor's Cup® Gala held at Richmond's Main Street Station on March 7.
  • "It is an honor to present this year's Virginia Governor's Cup® to the team at King Family Vineyards," said Governor Glenn Youngkin.
  • Located in Crozet, King Family Vineyards has been producing Virginia wines for more than two decades.

Astara Capital Partners Formalizes Strategic Advisor Program

Retrieved on: 
Tuesday, February 27, 2024
Acquisition, Builder, Ocean Spray, EVP, Investment, Meritage Homes Corporation, Food, Government, Meritage, Consultant, B&G Foods, WPK, Executive, Management

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Astara Capital Partners, L.P. ("Astara") is pleased to announce the formation of its Strategic Advisor Program with the addition of nine senior executives.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Astara Capital Partners, L.P. ("Astara") is pleased to announce the formation of its Strategic Advisor Program with the addition of nine senior executives.
  • Chad Barton, an Astara operating partner, is responsible for managing the Strategic Advisor Program to maximize the impact of these resources for companies acquired and managed by Astara's inaugural fund, Astara Capital Partners Fund I, L.P.
    "We have longstanding relationships with our Strategic Advisors and actively rely on them to source opportunities, provide operational and due diligence services, provide strategic and functional insights throughout the acquisition and management processes, and to serve as officers, board members, and consultants for our companies", said Mr. Barton.
  • He serves as a Director of three Astara companies including BDV Solutions, Del Air Heating & Air Conditioning, and Ally Building Solutions.
  • Marrying investment acumen, operational experience, and strategic insight is core to how Astara adds value to its investments" said Michael Ranson, Managing Partner of Astara.

WESTERN MIDSTREAM ANNOUNCES 2024 GUIDANCE AND NON-CORE ASSET SALES FOR AGGREGATE PROCEEDS OF $790 MILLION

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Delaware Basin, Domestic, International, Senior, Growth, Sale, Partnership, WES, Adjustment, Meritage, Safety, Public expenditure, Central Time, Cryptocurrency

HOUSTON, Feb. 21, 2024 /PRNewswire/ -- Today Western Midstream Partners, LP (NYSE: WES) ("WES" or the "Partnership") announced the execution of multiple agreements to divest of WES's remaining interest in the Marcellus Interest gathering system, Saddlehorn Pipeline Company LLC, Whitethorn Pipeline Company LLC, Panola Pipeline Company LLC, and Enterprise EF78 LLC, for aggregate proceeds of $790 million. Additionally, the sale of the interests in Enterprise EF78 LLC and Whitethorn Pipeline Company LLC, which closed on February 16, 2024, resolved the outstanding legal proceedings associated with those assets. The sale of the Marcellus Interest gathering system, Panola Pipeline Company LLC, and Saddlehorn Pipeline Company LLC are expected to close in the first or second quarters of 2024, subject to customary closing conditions.

Key Points: 
  • Providing 2024 Base Distribution guidance of at least $3.20 per unit(3).
  • "Through these divestitures, WES is expected to generate approximately $790 million in proceeds, which in the aggregate represents an attractive, accretive multiple of 9.6 times 2023 Adjusted EBITDA.
  • A replay of the live audio webcast can be accessed on the Partnership's website at www.westernmidstream.com for one year after the call.
  • For additional details on WES's financial and operational performance, please refer to the earnings slides and updated investor presentation available at www.westernmidstream.com .

Meritage Homes Gives $3.3 Million In 2023 To Build Stronger Communities Nationwide

Retrieved on: 
Tuesday, December 19, 2023
University, Arbor, Partnership, Food, City, University of Central Florida, Life, Operation Homefront, Education, Arizona State University, BTF, Black Ivy League, Prairie View A&M University, Central Florida, Child, Forestry, Meritage Homes Corporation, Meritage

SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Meritage Homes , the fifth-largest public homebuilder in the U.S., delivered on its brand promise of a Life.Built.Better.® in 2023 by contributing $3.3 million and through volunteerism.

Key Points: 
  • SCOTTSDALE, Ariz., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Meritage Homes , the fifth-largest public homebuilder in the U.S., delivered on its brand promise of a Life.Built.Better.® in 2023 by contributing $3.3 million and through volunteerism.
  • Further, Meritage contributed $1.8 million to fund educational opportunities in Arizona and Florida.
  • “One of Meritage’s core values is ‘Start with Heart.’ We recognize our commitment extends beyond delivering quality, affordable homes, to building stronger communities in our markets,” said Phillippe Lord, CEO of Meritage Homes.
  • We look forward to continuing to support efforts that help communities thrive.”
    Meritage’s 2023 philanthropic efforts include:
    Contributed over $175,000 to No Child Hungry .