{"schema_version":"secwatch.filing_event.v1","accession":"0000833079-23-000092","form_type":"8-K","ticker":"MTH","cik":"0000833079","company_name":"Meritage Homes CORP","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.390425+00:00","generated_at":"2026-06-16T14:43:51.985268+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Meritage Homes Q1 net earnings down 40% to $131M; EPS $3.54 vs $5.79","bullets":["Home closing revenue $1.26B (+1% YoY); home closing gross margin fell 790 bps to 22.4%.","Home orders 3,487 units (-10% YoY); cancellation rate improved to 15% from 39% in Q4 2022.","Balance sheet strong: cash $957M, net debt-to-capital 4.5%; initiated $0.27/share dividend.","Backlog units down 41% to 3,922; average active communities rose to 274.5 from 263.5.","Effective tax rate 20.6% benefited from earned energy tax credits under Inflation Reduction Act."],"urls":{"canonical":"https://secwatch.observer/filing/0000833079-23-000092","json":"https://secwatch.observer/filing/0000833079-23-000092.json","markdown":"https://secwatch.observer/filing/0000833079-23-000092.md","text":"https://secwatch.observer/filing/0000833079-23-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000092/0000833079-23-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000092/mth-20230426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T14:43:51.985268+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3544a2500ee3c63ec72b850afc6cf284e4cfd131","claim":"Meritage Homes CORP reported first quarter ended March 31, 2023 results: revenue $1,261,923, net income $131,301, EPS $3.54 per diluted share.","evidence_excerpt":"Results (unaudited) (Dollars in thousands, except per share amounts) Three Months Ended March 31, 2023 2022 % Chg Homes closed (units) 2,897 2,858 1 % Home closing revenue $ 1,261,923 $ 1,245,456 1 % Average sales price — closings $ 436 $ 436 — % Home orders (units) 3,487 3,874 (10) % Home order value $ 1,506,893 $ 1,767,710 (15) % Average sales price — orders","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000092/0000833079-23-000092-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1,261,923"},{"label":"Net income","value":"$131,301"},{"label":"EPS","value":"$3.54 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}