secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000833079-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q4 2023 EPS $5.38; orders surge 60% YoY to 2,892 units
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- Net earnings $198.9M ($5.38 diluted EPS) vs $262.4M ($7.09) a year ago, down 24%.
- Home closing revenue $1.64B, down 17% YoY; home closing gross margin 25.2% (adjusted 25.4%).
- Sales orders 2,892 units (+60% YoY); average absorption pace 3.6/month vs 2.2.
- Full-year 2023 diluted EPS $19.93 vs $26.74; net earnings $738.7M, down 26%.
- Cash $921.2M; debt-to-capital 17.9%; board authorized $185M remaining buyback capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000006/0000833079-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000006/mth-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000833079-24-000006

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