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Mattamy Group Reports Fourth Quarter 2026 Performance

In a recent announcement, Mattamy Group Corporation, the leading family-owned homebuilder in North America, provided insights into its operational performance for the fourth quarter ending May 31, 2026. The report highlighted some significant changes in key operating metrics compared to the previous year, illustrating both the challenges and opportunities facing the homebuilding industry.

Key Highlights of the Fourth Quarter 2026

1. Revenue Trends: Mattamy's revenue saw a notable decline of 17.9%, dropping from $2.66 billion in the same quarter last year to $2.18 billion. This decrease is reflective of wider market trends as demand for new homes continues to fluctuate.

2. Homes Closed: The company reported a decrease in homes closed, with the number falling by 10.4% to 3,143 compared to 3,509 in the same quarter of the previous year. This downturn aligns with the overarching slowdown in the housing market and changes in consumer buying habits.

3. Sales Orders Surge: Contrasting the downturn in revenue and homes sold, Mattamy experienced a remarkable 40% increase in net sales orders, rising from 1,808 homes to 2,532 year-over-year. This surge indicates potential for recovery and renewed interest from buyers, possibly driven by favorable financing options and a shift in consumer priorities.

4. Sales Order Backlog: Despite the growth in new orders, the sales order backlog diminished by 20%, decreasing from 3,934 units to 3,147 units. This decline suggests that while there is interest, the conversion from orders to closings remains a challenge.

Overview of Full Year Performance

For the full fiscal year ending May 31, 2026, the report also indicated a decrease in revenue of 7.9%, aligning with the trends observed in the fourth quarter. Annual revenue totaled $5.90 billion, down from $6.40 billion in the previous year. Additionally, homes closed saw a modest 2.3% decline, totaling 8,261.

However, net sales orders for the full year reflected stability, growing by 8.6% from 6,885 homes in the prior year to 7,474 in 2026. This could indicate a slower but steady recovery in the housing sector, with buyers beginning to re-enter the market.

Looking Ahead: Conference Call Invitation

To discuss these results and provide further insights, Mattamy will host a conference call for qualified investors on August 25, 2026, at 10:00 AM EDT. The call will address the company's strategic outlook and respond to investor inquiries. Those interested in accessing the financial reports can find them on Intralinks.

About Mattamy Homes

With over four decades of experience in homebuilding, Mattamy Homes has become a prominent name in the real estate sector. Each year, the company aids approximately 8,000 families in achieving their dream of homeownership. Operating in 11 different markets in the United States and across Canada, Mattamy's commitment to quality and customer satisfaction remains a cornerstone of its operations. For more information about the company, visit www.mattamyhomes.com.

In conclusion, the latest results present a mixed picture for Mattamy Group Corporation. While there are challenges reflected in their financial performance, signs of increased sales orders may point towards a potential market rebound. Stakeholders remain watchful as the company navigates through these transformative trends in the homebuilding landscape.