Earnings ·
Meritage Homes reports Q3 diluted EPS of $1.04 as net earnings fall 32% to $68 million
MTHMeritage Homes Corp
Meritage Homes reported third-quarter 2026 results showing a 32% year-over-year decline in net earnings to $67.8 million, or $1.04 per diluted share, down from $99.3 million ($1.39) in the prior year. Home closing revenue fell 17% to $1.16 billion as units closed dropped 14% to 3,187 and average sales prices declined 4% to $365,000. Orders decreased 15% to 3,083 homes due to a lower absorption pace, while gross margins contracted by 170 basis points to 17.4%. The company returned $86 million to shareholders via dividends and buybacks during the quarter.