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Meritage Homes — Oct 28, 2025 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000833079-25-000135
Open on SEC.gov ↗
Showing in the filing
Home closing revenue
“$1.46-1.54 billion”
Period
Q4 FY2025
Measure
GAAP-tied
Source
Prose
All guidance in this release · 5
Home closing volume for Q4 FY2025
“3,800-4,000 units”
Home closing revenue for Q4 FY2025
“$1.46-1.54 billion”
Home closing gross margin for Q4 FY2025
“19-20%”
Effective tax rate for Q4 FY2025
“Approximately 24.5%”
Diluted EPS for Q4 FY2025
“$1.51-1.70”
Exhibit 99.1 · the passage around this item
… earlier in the release
GUIDANCE The Company is providing the following guidance for the fourth quarter of 2025, based on year to date results and current market conditions: Fourth Quarter 2025 Home closing volume 3,800-4,000 units Home closing revenue $1.46-1.54 billion Home closing gross margin 19-20% Effective tax rate Approximately 24.5% Diluted EPS $1.51-1.70 CONFERENCE CALL Management will host a conference call to discuss its third quarter 2025 results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Wednesday, October 29, 2025. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-877-407-6951 US toll free or 1-412-902-0046. A replay will be available on the Investor Relations page. 5 Meritage Homes Corporation and Subsidiaries Consolidated Income Statements (In thousands, except per share data) (Unaudited)     Three Months Ended September 30, 2025 2024 Change $ Change % Homebuilding: Home closing revenue $ 1,399,335  $ 1,585,784  $ (186,449) (12) % Land closing revenue 16,068  2,665  13,403  503  % Total closing revenue 1,415,403  1,588,449  (173,046) (11) % Cost of home closings (1,132,378) (1,193,219) (60,841) (5) % Cost of land closings (15,876) (1,985) 13,891  700  % Total cost of closings (1,148,254) (1,195,204) (46,950) (4) % Home closing gross profit 266,957  392,565  (125,608) (32) % Land closing gross profit 192  680  (488) (72) % Total closing gross profit 267,149  393,245  (126,09
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.