secwatch.observer — SEC 8-K summary
======================================

Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000833079-23-000146
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q3 diluted EPS $5.98 (-16% YoY); orders surge 50% to 3,474 homes
-------------------------------------------------------------------------------

- Net earnings $221.8M ($5.98 diluted EPS) vs $262.5M ($7.10) in Q3 2022, down 16%.
- Home orders rose 50% YoY to 3,474 units; home closing revenue up 3% to $1.61B.
- Home closing gross margin fell to 26.7% from 28.7% due to higher financing incentives.
- Q4 2023 guidance: 3,500-3,700 home closings, $1.45-1.53B revenue, EPS $4.84-5.43.
- Cash $1.05B; repurchased $45M stock, redeemed $150M of 2025 Notes; maintained $0.27 dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307923000146/0000833079-23-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307923000146/mth-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000833079-23-000146

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