secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000833079-22-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q1 diluted EPS $5.79 (+68% YoY); home closing revenue $1.25B (+15%); gross margin 30.3% (+560 bps)
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- Net earnings $217.3M vs $131.8M a year ago; diluted EPS $5.79 vs $3.44.
- Home orders 3,874 units (+12% YoY); average active communities up 32% to 268.
- Home closing gross margin 30.3% (up 560 bps); SG&A leverage improved 130 bps to 8.5%.
- Full-year 2022 guidance: 14,500-15,500 closings; diluted EPS $26.30-$27.90.
- Repurchased ~1.04M shares for $99.3M in Q1; net debt-to-capital 16.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307922000069/0000833079-22-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307922000069/mth-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000833079-22-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer