Meritage Homes CORP (MTH) Form 8-K — Oct 28, 2026
Meritage Homes reported third quarter 2026 results with net earnings of $68 million ($1.04 diluted EPS), down 32% from $99 million ($1.39) a year ago, on home closing revenue of $1.2 billion, down 17% year-over-year. Orders fell 15% to 3,083 homes as higher mortgage rates and affordability constraints weighed on demand, and home closing gross margin compressed 170 bps to 17.4% on higher lot and incentive costs. Adjusted diluted EPS was $1.11 versus $1.55 in the prior-year quarter.
Key figures
- Eps
- 1.04
- Revenue
- 1168433000
- Net Income
- 67784000
- Total Debt
- 1851752000
- Revenue Yoy
- -17%
- Total Assets
- 7589644000
- Cash Position
- 677498000
- Shares Outstanding
- 64423225
- Orders
- 3083
- Land spend
- 329000000
- Orders yoy
- -15%
- Homes closed
- 3187
- Backlog units
- 1611
- Backlog value
- 637167000
- Community count
- 348
- Homes closed yoy
- -14%
- Dividend per share
- $0.48
- Net debt to capital
- 18.9%
- Adjusted diluted eps
- 1.11
- Share repurchases q3
- $55 million (757,128 shares)
- Adjusted gross margin
- 17.9%
- Ytd share repurchases
- $285 million (4,101,288 shares)
- Lots owned or controlled
- 71800
- Home closing gross margin
- 17.4%
AI analysis
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