Earnings summaries and quarterly performance for Meritage Homes.
Executive leadership at Meritage Homes.
Phillippe Lord
Detailed
Chief Executive Officer
CEO
Hilla Sferruzza
Detailed
Executive Vice President and Chief Financial Officer
Javier Feliciano
Detailed
Executive Vice President and Chief People Officer
Malissia Clinton
Detailed
Executive Vice President, General Counsel and Secretary
Steven J. Hilton
Detailed
Executive Chairman
Board of directors at Meritage Homes.
Dana C. Bradford
Detailed
Director
Deb Henretta
Detailed
Director
Dennis V. Arriola
Detailed
Director
Erin Lantz
Detailed
Director
Geisha Williams
Detailed
Director
Joseph Keough
Detailed
Director
Louis E. Caldera
Detailed
Director
Michael R. Odell
Detailed
Director
P. Kelly Mooney
Detailed
Director
Peter L. Ax
Detailed
Lead Independent Director
Research analysts who have asked questions during Meritage Homes earnings calls.
Alan Ratner
Zelman & Associates
6 questions for MTH
Also covers: BZH, CCS, DHI +9 more
John Lovallo
UBS Group AG
6 questions for MTH
Also covers: AWI, AZEK, BLDR +14 more
Michael Rehaut
JPMorgan Chase & Co.
6 questions for MTH
Also covers: AZEK, BECN, BLD +17 more
Trevor Allinson
Wolfe Research, LLC
6 questions for MTH
Also covers: AMWD, AZEK, BECN +18 more
Stephen Kim
Evercore ISI
5 questions for MTH
Also covers: AWI, BLD, DHI +11 more
Alex Barron
Housing Research Center
3 questions for MTH
Also covers: BZH, CCS, DHI +9 more
Carl Reichardt
BTIG, LLC
3 questions for MTH
Also covers: BV, CCS, DHI +7 more
Charles Perron-Piché
Goldman Sachs
3 questions for MTH
Also covers: AZEK, BLDR, DHI +4 more
Rafe Jadrosich
Bank of America
3 questions for MTH
Also covers: AWI, BLD, BLDR +14 more
Susan Maklari
Goldman Sachs Group Inc.
3 questions for MTH
Also covers: ALH, AOS, AWI +24 more
Jay McCanless
Wedbush Securities
2 questions for MTH
Also covers: BLDR, BZH, CCS +20 more
Jade Rahmani
Keefe, Bruyette & Woods
1 question for MTH
Also covers: ABR, ACRE, AMH +22 more
Steven Kim
Evercore ISI
1 question for MTH
Trevor Allison
Wolfe Research LLC
1 question for MTH
Also covers: MAS, TOL
Recent press releases and 8-K filings for MTH.
Meritage Homes Announces Q3 2025 Results and Q4 2025 Guidance
MTH
Earnings
Guidance Update
Demand Weakening
- Meritage Homes reported a significant decline in Q3 2025 financial performance, with home closing revenue decreasing 12% to $1,399 million and diluted EPS falling 48% to $1.39 compared to Q3 2024.
- Despite a 4% year-over-year increase in net sales orders to 3,636 and an ending community count of 334 (the highest in company history), the average selling price (ASP) on closings declined 5% to $380K due to greater incentive use. This also contributed to a 570 basis point drop in home closing gross margin to 19.1%.
- The company is implementing strategic adjustments, including an intentional slowdown in net new lot acquisition, reducing land spend to $528 million in Q3 2025, and returned $85 million of cash to shareholders during the quarter.
- For Q4 2025, Meritage Homes provided guidance projecting home closings between 3,800-4,000 units, home closing revenue of $1.46-1.54 billion, and diluted EPS of $1.51-1.70.
Oct 29, 2025, 3:00 PM
Meritage Homes Reports Q3 2025 Results and Issues Q4 2025 Guidance
MTH
Earnings
Guidance Update
Share Buyback
- Meritage Homes reported Q3 2025 home closing revenue of $1.4 billion, a 12% decrease year-over-year, with adjusted diluted EPS of $1.55. Orders increased 4% year-over-year to 3,636 units.
- The company's adjusted gross margin was 20.1% in Q3 2025, impacted by increased incentives and inventory-related charges amid softer market conditions and affordability concerns.
- For Q4 2025, Meritage Homes projects home closings between 3,800 and 4,000 units, home closing revenue of $1.46 billion to $1.54 billion, and diluted EPS in the range of $1.51 to $1.70.
- Operational highlights include a 20% year-over-year increase in community count to 334 and a 211% backlog conversion rate. The company returned capital to shareholders through $55 million in share repurchases and a 15% increase in its quarterly cash dividend to $0.43 per share.
Oct 29, 2025, 3:00 PM
MTH Reports Q3 2025 Earnings with Decreased EPS Amidst Record Community Count and Market Headwinds
MTH
Earnings
Demand Weakening
Share Buyback
- MTH reported a 48% year-over-year decrease in diluted EPS to $1.39 for Q3 2025, with adjusted diluted EPS at $1.55, primarily due to lower home closing revenue, gross profit, and higher SG&A and tax rates.
- The company achieved its highest community count in history at 334 in Q3 2025, representing a 20% increase year-over-year, and projects additional double-digit year-over-year growth for 2026.
- Orders increased 4% year-over-year in Q3 2025, but average selling prices on order declined 4% to $389,000 due to increased incentives and discounts, as consumer confidence and affordability concerns continue to impact demand.
- MTH intentionally moderated starts by 19% year-over-year in Q3 2025 to align with softer demand and improved cycle times to approximately 105 calendar days.
- The company returned $85 million to shareholders in Q3 2025, an increase from $57 million in Q3 2024, while reducing land acquisitions by 70% year-over-year to maintain a strong balance sheet.
Oct 29, 2025, 3:00 PM
Meritage Homes Reports Q3 2025 Results Amid Softer Market Conditions
MTH
Earnings
Guidance Update
Demand Weakening
- Meritage Homes reported Q3 2025 home closing revenue of $1.4 billion, with an adjusted gross margin of 20.1% and adjusted diluted EPS of $1.55, excluding impairments.
- Orders grew 4% year over year to 3,636 units in Q3 2025, supported by a 20% increase in community count to 334. The company achieved a 211% backlog conversion rate.
- Market conditions were softer than expected in Q3 2025 due to declining consumer confidence and affordability concerns, leading to increased use of incentives and a 4% decrease in average selling price on orders to $389,000.
- For Q4, the company anticipates a sequential decline in adjusted gross margins to approximately 19.5% due to the planned clearing of older spec homes.
Oct 29, 2025, 3:00 PM
Meritage Homes Reports Q3 2025 Results and Provides Q4 2025 Guidance
MTH
Earnings
Guidance Update
Share Buyback
- Meritage Homes reported diluted earnings per share of $1.39 for Q3 2025, a 48% decrease compared to the prior year, with net earnings of $99.3 million, down 49%.
- Home closing revenue for Q3 2025 was $1.4 billion, a 12% decrease year-over-year, while home orders increased by 4% to 3,636 units.
- The company's home closing gross margin was 19.1% for Q3 2025, down from 24.8% in Q3 2024, with an adjusted gross margin of 20.1%.
- As of September 30, 2025, Meritage Homes had $729 million in cash and cash equivalents and a net debt-to-capital ratio of 17.2%. During Q3 2025, the company returned $85 million to shareholders through cash dividends and share repurchases.
- For Q4 2025, Meritage Homes provided guidance for diluted EPS between $1.51 and $1.70 and home closing revenue between $1.46 billion and $1.54 billion.
Oct 28, 2025, 8:34 PM
Meritage Homes Reports Third Quarter 2025 Results
MTH
Earnings
Guidance Update
Share Buyback
- Meritage Homes reported net earnings of $99 million ($1.39 per diluted share) for the third quarter of 2025, representing a 49% decrease compared to the third quarter of 2024.
- Home closing revenue decreased by 12% year-over-year to $1.4 billion in Q3 2025, while home orders increased by 4% to 3,636 units.
- The company returned $85 million in capital to shareholders through cash dividends and share repurchases during the third quarter of 2025, and maintained a net debt-to-capital ratio of 17.2% at September 30, 2025.
- For the fourth quarter of 2025, Meritage Homes provided guidance for home closing volume of 3,800-4,000 units, home closing revenue of $1.46-1.54 billion, and diluted EPS of $1.51-1.70.
Oct 28, 2025, 8:30 PM
Quarterly earnings call transcripts for Meritage Homes.
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