Mattamy Group Corporation Reports First Quarter Operating Results for Q1 2027
Mattamy Group Corporation, the largest family-owned homebuilder in North America, announced its first-quarter operating results for the quarter ended August 31, 2026. Revenue declined slightly by 1.2% to $1.02 billion compared to $1.04 billion in the same period last year. Homes closed rose modestly by 1.5%, and net sales orders surged by 24%. However, the company's sales order backlog dropped by nearly 11%. Over a longer-term basis (LTM), revenue fell more significantly—8.8% to $5.88 billion—and homes closed declined slightly as well. The results highlight mixed performance in Mattamy’s operations amid ongoing market challenges such as high interest rates and shifting buyer demand. The company plans to host an investor conference call on October 27, 2026, where it will discuss its financial outcomes for the quarter in more detail.
