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Mattamy Group Corporation Third Quarter 2026 Results

On April 21, 2026, Mattamy Group Corporation, recognized as North America's leading family-owned homebuilder, disclosed its significant operational achievements for the third quarter concluding on February 28, 2026. The results, presented via Intralinks, highlight both challenges and growth opportunities within the homebuilding sector.

Key Operational Insights

Mattamy's financial summary reveals a mixed bag of outcomes across various key performance indicators. The company's revenue saw a notable decline, dropping 18.9% to reach $1.29 billion, compared to $1.59 billion during the same quarter of the previous year. This reduction reflects broader market conditions impacting sales and demand for new homes.

In terms of homes closed, Mattamy reported a decrease of 11.2%, with 1,810 homes closed as opposed to 2,039 in the prior year quarter. Despite this downturn in closings, the company experienced a bright spot with net sales orders increasing by 5.4%. This growth brought their total homes sold to 1,784, up from 1,692 from the equivalent quarter a year prior, indicating potential resurgence in buyer interest.

However, the company’s sales order backlog painted a different picture, experiencing a substantial decline of 33.3% to just 3,758 units, down from 5,635 units the previous year. This backlog contraction may impact future revenue projections and highlights the competitive landscape facing homebuilders today.

Long-Term Operating Results

In an analysis of the Long-Term Operating Results (LTM) ending February 28, 2026, Mattamy showed resilience. Revenue increased by 11.2%, reaching $6.4 billion compared to $5.75 billion from the previous year. Notably, homes closed climbed by 12.6%, totaling 8,627 compared to 7,665 last year.

However, net sales orders revealed a contraction of 8.1%, totaling 6,750 homes, down from 7,344 during the preceding year. These results reflect the fluctuating demand and prevailing economic climate, suggesting that while the company recovers from previous downturns, challenges remain.

Upcoming Investor Engagement

Mattamy invites qualified investors to join a conference call addressing these results on April 28, 2026, from 10:00 AM to 11:00 AM ET. The full financial details will be accessible via Intralinks, where an audio replay will be available 24 hours post the live event.

Investors, prospective buyers, and concerned stakeholders are encouraged to establish their identities to gain access to Mattamy's proprietary financial data. A dedicated contact email is provided for any inquiries related to access and information dissemination.

About Mattamy Homes

Founded over 40 years ago, Mattamy Homes is a key player in the North American housing market, consistently helping around 8,000 families annually achieve their dreams of homeownership. The company operates in 11 major U.S. markets, including regions in Florida and Texas, as well as across Canada, particularly in the Greater Toronto Area, Ottawa, Calgary, and Edmonton. To learn more about their offerings and latest developments, please visit www.mattamyhomes.com.

Mattamy's commitment to quality home construction remains steadfast, with the company adapting to changing market conditions and buyer preferences, ensuring their position as a trusted name in homebuilding. As the sector evolves, so does Mattamy's strategy to enhance customer experience and drive sustainable growth in the industry.