Every material Form 8-K Meritage Homes filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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
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
On March 23, 2026, Meritage Homes' Executive Compensation Committee approved higher target cash bonuses and equity awards for CEO Phillippe Lord, CFO Hilla Sferruzza, General Counsel Malissia Clinton and Chief People Officer Javier Feliciano, effective January 1, 2026. Executive Chairman Steven Hilton and Austin Woffinden's compensation was unchanged. The filing describes the increases as allowed under each executive's employment agreement and does not state prior amounts, so the size of the change cannot be measured.
Lord's revised annual target cash bonus is $4,000,000 and target equity award is $6,000,000
Sferruzza's revised target cash bonus is $1,600,000; Clinton's is $756,000; Feliciano's is $412,000 cash and $901,250 equity
About 50% of equity awards are time-based restricted stock units and about 50% are performance-based shares
Performance shares are weighted 70% on adjusted return on equity and 30% on three-year relative total shareholder return versus peers
Meritage Homes director Dennis V. Arriola notified the company on February 17, 2026 that he will step down effective March 31, 2026, and the filing states the resignation did not result from any disagreement with the company. The board also decided to reduce its size from 12 to 11 directors, effective upon his resignation.
Dennis V. Arriola's board resignation takes effect March 31, 2026.
Notice of the resignation was given to the company on February 17, 2026.
The filing says the resignation did not result from any disagreements with the company.
Board size falls from 12 to 11 directors under the amended and restated bylaws.
Meritage Homes reported fourth quarter 2025 net earnings of $84.0 million, or $1.20 per diluted share, down 51% from $172.6 million, or $2.36 per share, a year earlier. Home closing revenue fell 12% to $1.4 billion on 7% fewer closings and lower average prices, and the company recorded $42.9 million of non-recurring charges. The company expects 2026 home closing volume and revenue to be consistent with 2025, assuming no further deterioration in market conditions.
Q4 2025 net earnings $84.0 million ($1.20 per diluted share) vs. $172.6 million ($2.36) in Q4 2024
Full year 2025 net earnings $453.0 million ($6.35 per diluted share), down 42% from $786.2 million
Home closing gross margin 16.5% in Q4 2025 vs. 23.2% a year earlier; adjusted margin 19.3% excluding non-recurring charges
Company anticipates $400 million in share repurchases during 2026, assuming no material changes to market conditions
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Meritage Homes filing is on SEC EDGAR ↗. 8-K briefs of other companies →