Meritage Homes CORP
For the period ended Oct 28, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 28, 2026 · Filed Oct 28, 2026
MTH$68.05-4.2%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
| Three Months Ended September 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · Change $ · Change % | ||||||||
| Homebuilding: | ||||||||
| Home closing revenue | $1,162,352 | $1,399,335 | $(236,983) | (17)% | ||||
| Land closing revenue | 6,081 | 16,068 | (9,987) | (62)% | ||||
| Total closing revenue | 1,168,433 | 1,415,403 | (246,970) | (17)% | ||||
| Cost of home closings | (959,746) | (1,132,378) | (172,632) | (15)% | ||||
| Cost of land closings | (5,957) | (15,876) | (9,919) | (62)% | ||||
| Total cost of closings | (965,703) | (1,148,254) | (182,551) | (16)% | ||||
| Home closing gross profit | 202,606 | 266,957 | (64,351) | (24)% | ||||
| Land closing gross profit | 124 | 192 | (68) | (35)% | ||||
| Total closing gross profit | 202,730 | 267,149 | (64,419) | (24)% | ||||
| Financial Services: | ||||||||
| Revenue | 7,497 | 8,460 | (963) | (11)% | ||||
| Expense | (3,982) | (4,311) | (329) | (8)% | ||||
| Earnings from financial services unconsolidated entities and other, net | 1,244 | 331 | 913 | 276% | ||||
| Financial services profit | 4,759 | 4,480 | 279 | 6% | ||||
| Commissions and other sales costs | (82,441) | (99,722) | (17,281) | (17)% | ||||
| General and administrative expenses | (45,170) | (51,787) | (6,617) | (13)% | ||||
| Interest expense | (1,352) | — | 1,352 | N/A | ||||
| Other income, net | 6,289 | 8,128 | (1,839) | (23)% | ||||
| Earnings before income taxes | 84,815 | 128,248 | (43,433) | (34)% | ||||
| Provision for income taxes | (17,031) | (28,951) | (11,920) | (41)% | ||||
| Net earnings | $67,784 | $99,297 | $(31,513) | (32)% | ||||
| Earnings per common share: | ||||||||
| Basic · Change $ or shares · Change % | ||||||||
| Earnings per common share | $1.05 | $1.40 | $(0.35) | (25)% | ||||
| Weighted average shares outstanding | 64,698 | 70,680 | (5,982) | (8)% | ||||
| Diluted | ||||||||
| Earnings per common share | $1.04 | $1.39 | $(0.35) | (25)% | ||||
| Weighted average shares outstanding | 65,127 | 71,188 | (6,061) | (9)% | ||||
| Nine Months Ended September 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2026 · 2025 · Change $ · Change % | ||||||||
| Homebuilding: | ||||||||
| Home closing revenue | $3,658,085 | $4,357,148 | $(699,063) | (16)% | ||||
| Land closing revenue | 28,162 | 39,766 | (11,604) | (29)% | ||||
| Total closing revenue | 3,686,247 | 4,396,914 | (710,667) | (16)% | ||||
| Cost of home closings | (3,008,068) | (3,453,213) | (445,145) | (13)% | ||||
| Cost of land closings | (27,783) | (37,128) | (9,345) | (25)% | ||||
| Total cost of closings | (3,035,851) | (3,490,341) | (454,490) | (13)% | ||||
| Home closing gross profit | 650,017 | 903,935 | (253,918) | (28)% | ||||
| Land closing gross profit | 379 | 2,638 | (2,259) | (86)% | ||||
| Total closing gross profit | 650,396 | 906,573 | (256,177) | (28)% | ||||
| Financial Services: | ||||||||
| Revenue | 21,566 | 24,967 | (3,401) | (14)% | ||||
| Expense | (11,746) | (13,159) | (1,413) | (11)% | ||||
| Earnings from financial services unconsolidated entities and other, net | 3,759 | 1,846 | 1,913 | 104% | ||||
| Financial services profit | 13,579 | 13,654 | (75) | (1)% | ||||
| Commissions and other sales costs | (253,718) | (303,272) | (49,554) | (16)% | ||||
| General and administrative expenses | (148,952) | (163,967) | (15,015) | (9)% | ||||
| Interest expense | (4,126) | — | 4,126 | N/A | ||||
| Other income, net | 20,724 | 28,479 | (7,755) | (27)% | ||||
| Earnings before income taxes | 277,903 | 481,467 | (203,564) | (42)% | ||||
| Provision for income taxes | (64,180) | (112,485) | (48,305) | (43)% | ||||
| Net earnings | $213,723 | $368,982 | $(155,259) | (42)% | ||||
| Earnings per common share: | ||||||||
| Basic · Change $ or shares · Change % | ||||||||
| Earnings per common share | $3.24 | $5.17 | $(1.93) | (37)% | ||||
| Weighted average shares outstanding | 65,941 | 71,346 | (5,405) | (8)% | ||||
| Diluted | ||||||||
| Earnings per common share | $3.22 | $5.13 | $(1.91) | (37)% | ||||
| Weighted average shares outstanding | 66,312 | 71,879 | (5,567) | (8)% | ||||
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