secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000833079-22-000088
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q3 EPS $7.10, +35% YoY; orders -33%; guides Q4 EPS $6.50-7.40
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- Q3 diluted EPS $7.10 vs $5.25 a year ago; net earnings $262.5M (+31%).
- Home closing revenue $1.57B (+25%); homes closed 3,487 (+12%).
- Home orders 2,310 (-33%); cancellation rate 30%; average absorption pace 2.7/mo (down from 5.0).
- Home closing gross margin 28.7% (vs 29.7%); Q4 guidance ~25% due to increased incentives.
- Terminated ~5,200 lots with $8.8M walk-away charge; net debt-to-capital 18.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307922000088/0000833079-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307922000088/mth-20221026.htm
  HTML page:      https://secwatch.observer/filing/0000833079-22-000088

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