filecrux
Oct 29, 2:57 AM
$MTH Can Meritage keep returning more cash than it earns while orders fall 15% and cash slides to
$677M?
🏢 Meritage Homes, the fifth-largest U.S. homebuilder, worth about
$4.04B at
$62.005 a share at 15:59 ET on October 28, 2026, said Q3 2026 net earnings fell 32% to
$67.8M, or
$1.04 a diluted share against
$1.39 a year earlier
💰 In the first nine months of 2026 it paid out nearly
$380M in buybacks and dividends, which is 177% of its
$213.7M of earnings, and bought back 6.0% of its shares, with
$229M of buyback room left
📈 On the other side, operating cash flow for the nine months was
$259.5M against a
$125.4M outflow a year earlier, Q3 land spend was cut almost 40% to
$329M, and nothing is drawn on the revolver
📅 Next: The Q3 call is at 11:00 a.m. Eastern Time on Thursday, October 29, 2026; watch the next quarter's order trends and the buyback pace
Source: GlobeNewswire release, Oct 28 + SEC 8-K, Oct 28
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