Oct 28, 4:31 PM ET
Meritage Homes reported third quarter 2026 results for the period ended September 30, 2026. Home closing revenue fell 17% year over year to $1.2 billion, and net earnings dropped 32% to $68 million, or $1.04 per diluted share, as the company said it focused on preserving margins over sales pace.
- Home closing revenue fell 17% year over year to $1.2 billion on 14% fewer closings of 3,187 homes.
- Net earnings were $68 million, or $1.04 per diluted share, compared with $99 million, or $1.39, in the third quarter of 2025.
- Home closing gross margin was 17.4%, down from 19.1%; adjusted margin was 17.9%, down from 20.1%.
- Cash totaled $677 million at September 30, 2026, with no borrowings under the revolving credit facility; the company returned $86 million to shareholders in the quarter.
Read the filing on SEC.gov ↗
Jul 29, 4:30 PM ET
Meritage Homes reported second quarter 2026 results with home closing revenue down 14% to $1.4 billion and net earnings down 38% year over year. The company said full-year 2026 home closing volume and revenue are expected to be around 5% below 2025, which signals weaker sales for shareholders this year.
- Diluted EPS was $1.37 for Q2 2026 versus $2.04 a year earlier; adjusted diluted EPS was $1.42 versus $2.09.
- Home closing gross margin fell to 18.3% from 21.1%, and 3,725 homes closed, down 11%.
- Full-year 2026 guidance: home closing volume and revenue around 5% below full-year 2025, and could trend lower if incentives rise.
- The company repurchased $100 million of stock in Q2 and ended the quarter with $807 million in cash.
Read the filing on SEC.gov ↗
Jun 29, 4:30 PM ET
Meritage Homes signed the Twelfth Amendment to its credit agreement on June 24, 2026, increasing the facility size to $980.0 million and extending maturity from July 9, 2030 to June 24, 2031. The amendment also lets the facility grow to $1.470 billion under certain conditions and revises the adjusted SOFR rate, giving the company a larger, longer-dated borrowing line.
- Facility size increased to $980.0 million
- Accordion feature permits an increase to $1.470 billion, subject to certain conditions
- Maturity extended from July 9, 2030 to June 24, 2031
- Amendment signed June 24, 2026; full terms filed as Exhibit 10.1
Read the filing on SEC.gov ↗
Apr 22, 4:30 PM ET
Meritage Homes reported first quarter 2026 net earnings of $55 million, or $0.82 per diluted share, down 55% from $123 million, or $1.69 per share, a year earlier. Home closing revenue fell 17% to $1.1 billion on 13% fewer closings, and home closing gross margin dropped to 17.5% from 22.0%. The company also updated its full-year 2026 guidance, saying home closing volume and revenue are expected to be at or within 5% of full-year 2025 results, which signals a weak outlook for shareholders.
- Net earnings of $55 million ($0.82 per diluted share) vs. $123 million ($1.69) in Q1 2025
- Home closing revenue of $1.1 billion, down 17%; 2,967 homes closed, down 13%
- Home closing gross margin of 17.5% vs. 22.0%, including $2.4 million in real estate impairments
- Full-year 2026 guidance: home closing volume and revenue at or within 5% of full-year 2025 results
Read the filing on SEC.gov ↗
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