Earnings ·
Meritage Homes Corporation reported second quarter 2026 results showing a 38% year-over-year decline in net earnings…
MTHMeritage Homes Corp
Meritage Homes Corporation reported second quarter 2026 results showing a 38% year-over-year decline in net earnings to $90.6 million, or diluted EPS of $1.37, compared to $146.9 million and $2.04 per share in the prior year period. Home closing revenue fell 14% to $1.39 billion as closings decreased 11% to 3,725 units with an average sales price of $373,000. Orders declined 9% to 3,575 homes, and gross margin contracted by 280 basis points to 18.3%. The company returned $131 million to shareholders through dividends and share repurchases, maintaining a cash balance of $807 million with no revolving credit facility borrowings. Meritage Homes operates in the residential homebuilding industry.