{"schema_version":"secwatch.filing_event.v1","accession":"0000833079-23-000127","form_type":"8-K","ticker":"MTH","cik":"0000833079","company_name":"Meritage Homes CORP","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.757307+00:00","generated_at":"2026-06-13T01:36:21.304616+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Meritage Q2 EPS $5.02, down 26% YoY; home closing revenue $1.54B up 10%; orders decline 11%","bullets":["Net earnings $186.8M ($5.02 diluted EPS) vs $250.1M ($6.77) in Q2 2022, a 25% decrease.","Home closing revenue rose 10% to $1.543B on 8% more closings (3,490 units); ASP on closings up 1% to $442K.","Home closing gross margin contracted 720 bps to 24.4% from 31.6% due to greater sales incentives and higher direct costs.","Home orders fell 11% to 3,340 units; average absorption pace 3.9 per month vs 4.4 a year ago.","Full-year 2023 guidance: 13,300-13,800 closings, home closing revenue $5.85-6.07B, diluted EPS $19.12-19.80."],"urls":{"canonical":"https://secwatch.observer/filing/0000833079-23-000127","json":"https://secwatch.observer/filing/0000833079-23-000127.json","markdown":"https://secwatch.observer/filing/0000833079-23-000127.md","text":"https://secwatch.observer/filing/0000833079-23-000127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000127/0000833079-23-000127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000127/mth-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:36:21.304616+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":"268f43c4b5bc244e922fd7030cac307e52aa119b","claim":"Meritage Homes CORP reported quarterly period ended June 30, 2023 results: revenue $1,543,021, net income $186,836, EPS $5.02.","evidence_excerpt":"share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 % Chg 2023 2022 % Chg Homes closed (units) 3,490 3,221 8 % 6,387 6,079 5 % Home closing revenue $ 1,543,021 $ 1,408,947 10 % $ 2,804,944 $ 2,654,403 6 % Average sales price — closings $ 442 $ 437 1 % $ 439 $ 437 — % Home orders (units) 3,340 3,767 (11) % 6,827 7,641 (11) % Home order","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000127/0000833079-23-000127-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarterly period ended June 30, 2023"},{"label":"Revenue","value":"$1,543,021"},{"label":"Net income","value":"$186,836"},{"label":"EPS","value":"$5.02"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5fed997be532eaddd306d6895ae89f30b77e89ba","claim":"Meritage Homes CORP reported six months ended June 30, 2023 results: revenue $2,804,944, net income $318,137, EPS $8.56.","evidence_excerpt":"Ended June 30, Six Months Ended June 30, 2023 2022 % Chg 2023 2022 % Chg Homes closed (units) 3,490 3,221 8 % 6,387 6,079 5 % Home closing revenue $ 1,543,021 $ 1,408,947 10 % $ 2,804,944 $ 2,654,403 6 % Average sales price — closings $ 442 $ 437 1 % $ 439 $ 437 — % Home orders (units) 3,340 3,767 (11) % 6,827 7,641 (11) % Home order value $ 1,474,713 $ 1,809,870","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000127/0000833079-23-000127-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended June 30, 2023"},{"label":"Revenue","value":"$2,804,944"},{"label":"Net income","value":"$318,137"},{"label":"EPS","value":"$8.56"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"de9c31f4e5d5cf3ee19b04bcf2f77689423d4f27","claim":"Meritage Homes CORP reported full year 2023 results: revenue $5.85-6.07 billion, EPS $19.12-19.80. Guidance raised.","evidence_excerpt":"we are projecting 13,300-13,800 home closings for full year 2023, which we anticipate will generate home closing revenue of $5.85-6.07 billion. Home closing gross margin is projected to be in the low 24% range. With an estimated effective tax rate of 22.5%, we expect diluted EPS to be in the range of $19.12-19.80 for full year 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833079/000083307923000127/0000833079-23-000127-index.htm","confidence":0.96,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Revenue","value":"$5.85-6.07 billion"},{"label":"EPS","value":"$19.12-19.80"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}