Meritage Homes Corporation (MTH) reported first-quarter net income of $122.81 million or $1.69 per share, compared to $186.02 million or $2.53 per share last year.
Total closing revenues for the quareter were $1.36 billion, compared to $1.47 billion last year.
Looking forward, the company reiterated its full-year guidance of home closing volume of 16,250 - 16,750 units, and home closing revenues of $6.6 billion to $6.9 billion.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.