Meritage Homes Q2 Revenue Drops 14%, Guides 2026 Below 2025
MTH sits 23% above its 52-week low of $58.03.
Summary
Meritage Homes reported Q2 home closing revenue of $1.40 billion, down 14% year-over-year, driven by an 11% decline in closings and a 4% drop in average sales price. Adjusted diluted EPS fell 32% as margins compressed from lower leverage and higher lot costs. Management cited a softer-than-expected spring selling season due to macroeconomic uncertainty and volatile interest rates. The company expects full-year 2026 home closing volume and revenue to be about 5% below 2025 levels, with potential further downside if incentives rise. This follows a Q1 earnings decline and a recent credit facility expansion to $980 million, signaling ongoing liquidity management amid demand headwinds.
At the time of this announcement, MTH was trading at $71.61 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $58.03 to $85.38. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.