Mattamy Group Reports Mixed First Quarter 2027 Results
News related to:Mattamy Group Corporation · 2 min read
TORONTO, Oct. 20, 2026 /CourierPR/ -- Mattamy Group Corporation, the largest family-owned homebuilder in North America, reported its first quarter 2027 financial results for the period ending August 31, 2026. The company's key operating highlights for the first quarter of 2027 include a 1.2% decrease in revenue to $1.02 billion from $1.04 billion in the same period last year. Homes closed increased by 1.5% to 1,465 from 1,443 in the prior year quarter. Net sales orders saw a significant rise of 24.0%, with 1,905 homes sold compared to 1,536 in the previous year quarter. The sales order backlog decreased by 10.9%, from 4,027 units to 3,587 units.
Looking at the company's long-term financial results for the fourth quarter, Mattamy reported a 8.8% decrease in revenue to $5.88 billion from $6.45 billion in the prior year. Homes closed decreased by 3.7% to 8,283 from 8,598 in the same period last year. Net sales orders increased by 12.6%, with 7,843 homes sold compared to 6,963 in the previous year quarter.
Mattamy will host a conference call on October 27, 2026, from 10:00 am to 11:00 am EDT, to discuss the first-quarter financial results. The full financial results are available on Intralinks. An audio replay of the call will be accessible within 24 hours after the call on the same platform.
Founded over 40 years ago, Mattamy Homes is the largest family-owned homebuilder in North America, serving 8,000 families annually. The company is currently represented in 11 markets, including Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota, Naples, Dallas, and Southeast Florida. In Canada, Mattamy's communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary, and Edmonton.
Every year, Mattamy helps 8,000 families realize their dream of home ownership. The company is expanding its reach, with a strong presence in key U.S. and Canadian markets. Mattamy's commitment to family-oriented housing and its long-standing presence in the industry underscore its importance in the real estate sector.
The company's financial performance, while showing some fluctuations, highlights the ongoing challenges and opportunities in the housing market. The decrease in revenue and homes closed in the first quarter of 2027, coupled with the increase in net sales orders, suggests a mixed performance. The sales order backlog decrease indicates a potential shift in customer behavior or market conditions.
Mattamy's long-term financial results for the fourth quarter also reflect a downturn, with a significant decrease in revenue and a slight drop in homes closed. However, the increase in net sales orders suggests that the company is successfully attracting new customers. The decrease in the sales order backlog further indicates a shift in the company's sales cycle, possibly due to changes in market demand or internal strategies.
The upcoming conference call will provide further insights into the company's strategic direction and future plans. Investors and analysts will have the opportunity to ask questions and gain a deeper understanding of the company's performance and outlook.
Mattamy's continued presence in key markets and its commitment to serving 8,000 families annually highlight its resilience and adaptability in the face of market challenges. The company's financial results and strategic direction will be crucial in determining its future success in the highly competitive homebuilding industry.