Meritage Homes — Jul 29, 2026 release

• During the second quarter of 2026, the Company refinanced the revolving credit facility, primarily to increase the facility size to $980 million and extend its maturity from 2030 to 2031. 4 GUIDANCE Based on current market conditions and year-to-date results, we are updating our guidance for full year 2026 home closing volume and revenue to around 5% below full year 2025 results, although home closing revenue could trend lower if market conditions require higher incentives. CONFERENCE CALL Management will host a conference call to discuss its second quarter 2026 results at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) on Thursday, July 30, 2026. To listen, please go to Meritage's Investor Relations page for the live webcast or dial in to 1-800-445-7795 US toll free or 1-785-424-1699. 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 June 30, 2026 2025 Change $ Change % Homebuilding: Home closing revenue $ 1,387,911  $ 1,615,709  $ (227,798) (14) % Land closing revenue 12,720  8,277  4,443  54  % Total closing revenue 1,400,631  1,623,986  (223,355) (14) % Cost of home closings (1,134,298) (1,274,381) (140,083) (11) % Cost of land closings (12,196) (8,996) 3,200  36  % Total cost of closings (1,146,494) (1,283,377) (136,883) (11) % Home closing gross profit 253,613  341,328  (87,715) (26) % Land closing gross profit/(loss) 524  (719) 1,243  173  % Total closing gross profit 254,137  340,609  (86,4