UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09977 Meritage Homes Corporation (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Inc ...

Meritage Homes (NYSE:MTH) Q3 2025 Earnings Call October 29, 2025 11:00 AM ET Company ParticipantsSteve Hilton - Executive ChairmanHilla Sferruzza - EVP and CFOPhillippe Lord - CEOEmily Tadano - VP of Investor Relations and External CommunicationsConference Call ParticipantsJade Rahmani - AnalystAlan Ratner - AnalystJay McCanless - AnalystStephen Kim - AnalystTrevor Allinson - AnalystJohn Lovallo - AnalystMichael Rehaut - AnalystSusan Maklari - AnalystRafe Jadrosich - AnalystOperatorGreetings. Welcome to the ...

Meritage Homes (NYSE:MTH) Q3 2025 Earnings Call October 29, 2025 11:00 AM ET Company ParticipantsSteve Hilton - Executive ChairmanHilla Sferruzza - EVP and CFOPhillippe Lord - CEOEmily Tadano - VP of Investor Relations and External CommunicationsConference Call ParticipantsJade Rahmani - AnalystAlan Ratner - AnalystJay McCanless - AnalystStephen Kim - AnalystTrevor Allinson - AnalystJohn Lovallo - AnalystMichael Rehaut - AnalystSusan Maklari - AnalystRafe Jadrosich - AnalystOperatorGreetings. Welcome to the ...

Meritage Homes (NYSE:MTH) Q3 2025 Earnings Call October 29, 2025 11:00 AM ET Speaker5Greetings. Welcome to the Meritage Homes third quarter 2025 analyst call. At this time, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being recorded. I will now turn the conference over to Emily Tadano, Vice ...

THIRD QUARTER 2025 ANALYST CONFERENCE CALL OCTOBER 29, 2025 Safe Harbor The information included in this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include expectations about the housing market in general and our future results including our fourth quarter 2025 projected home closing volume, home closing revenue, home closing gross margin, effective tax rate and diluted EPS. All historical 2024 share and per sh ...

Meritage Homes (MTH) reported $1.42 billion in revenue for the quarter ended September 2025, representing a year-over-year decline of 10.9%. EPS of $1.39 for the same period compares to $2.67 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.52 billion, representing a surprise of -6.85%. The company delivered an EPS surprise of -18.71%, with the consensus EPS estimate being $1.71.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Meritage Homes (MTH) came out with quarterly earnings of $1.39 per share, missing the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $2.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.71%. A quarter ago, it was expected that this homebuilder would post earnings of $1.99 per share when it actually produced earnings of $2.04, delivering a surprise of +2.51%.Over the last four quarters, the compa ...

Exhibit 99.1 Contacts: Emily Tadano, VP Investor Relations and External Communications (480) 515-8979 (office) investors@meritagehomes.com Meritage Homes reports third quarter 2025 results SCOTTSDALE, Ariz., October 28, 2025 - Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2025. | Summary Operating Results (unaudited) | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (Dollars in t ...

核心观点 - 公司第三季度在充满挑战的市场环境中实现了订单量同比增长，但营收、利润和毛利率同比出现下滑，主要受激励措施增加、部分资产减记以及成本压力影响 [1][4][6][8] - 管理层强调通过提供现房库存和支付能力解决方案的战略取得成功，社区数量创历史新高，并积极通过股息和股票回购向股东返还资本 [4][5] - 公司财务状况保持稳健，现金充裕且无循环信贷额度动用，并对第四季度业绩提供了具体指引 [5][10][11] 第三季度财务业绩 - 房屋订单量为3,636套，同比增长4%，但订单价值为14.2亿美元，同比下降1%，平均销售价格同比下降4%至38.9万美元 [2][6] - 房屋交付量为3,685套，同比下降7%，交付收入为14.0亿美元，同比下降12%，平均销售价格同比下降5%至38万美元 [2][6] - 房屋交付毛利率为19.1%，较去年同期的24.8%下降570个基点；调整后毛利率为20.1%，去年同期为24.9% [2][8] - 税前利润为1.28亿美元，同比下降49%；净利润为9,930万美元，同比下降49%；摊薄后每股收益为1.39美元，同比下降48%；调整后摊薄每股收益为1.55美元，去年同期为2.69美元 [2][8] 年初至今财务业绩 - 前九个月房屋订单量为11,426套，同比增长1%，订单价值为45.2亿美元，同比下降2% [2][8] - 前九个月房屋交付量为11,271套，同比下降3%，交付收入为43.6亿美元，同比下降8% [2][8] - 前九个月房屋交付毛利率为20.7%，较去年同期的25.5%下降480个基点；调整后毛利率为21.2%，去年同期为25.6% [2][8] - 前九个月净利润为3.69亿美元，同比下降40%；摊薄后每股收益为5.13美元，同比下降39%；调整后摊薄每股收益为5.35美元，去年同期为8.40美元 [2][8] 运营数据与战略 - 期末社区数量达到334个，创历史新高，同比增长20%，环比增长7% [4][11] - 本季度近60%的交付量来自季度内销售，积压订单转化率达到211% [5] - 公司积极控制土地投资，本季度土地收购和开发支出为5.28亿美元，同比有所减少 [5][11] - 截至9月30日，公司拥有或控制约80,800块土地，同比增加约6,000块 [11] 资产负债表与资本回报 - 现金及现金等价物为7.29亿美元，较2024年底的6.52亿美元有所增加；循环信贷额度未动用 [5][11] - 债务与资本比率为25.7%，净债务与资本比率为17.2%，较2024年底有所上升 [11][30] - 本季度通过现金股息和股票回购向股东返还资本8,500万美元；前九个月共计返还2.37亿美元，相当于今年迄今总盈利的64% [5][11] - 董事会批准新增5亿美元股票回购授权，截至期末剩余回购额度为6.64亿美元 [11] 区域运营表现 - 东部区域表现强劲，第三季度房屋交付量1,542套，交付价值5.36亿美元；订单量1,480套，订单价值5.20亿美元 [22] - 中部区域第三季度房屋交付量1,260套，交付价值4.43亿美元；订单量1,289套，订单价值4.69亿美元 [22] - 西部区域第三季度房屋交付量883套，交付价值4.21亿美元；订单量867套，订单价值4.27亿美元 [22] 第四季度业绩指引 - 预计房屋交付量为3,800-4,000套 [10] - 预计交付收入为14.6-15.4亿美元 [10] - 预计房屋交付毛利率为19%-20% [10] - 预计有效税率为约24.5% [10] - 预计摊薄后每股收益为1.51-1.70美元 [10]

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