---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-24-000077"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:41:51.168756+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes posts record Q1 sales orders; diluted EPS up 43% to $5.06

## Summary
- Net earnings $186M ($5.06 diluted EPS) vs $131M ($3.54) prior year, up 43%.
- Home closing revenue $1.47B (+16% YoY) on 3,507 homes closed (+21%).
- Home closing gross margin improved to 25.8% from 22.4%, aided by lower incentives.
- Record quarterly sales orders of 3,991 homes (+14% YoY) with 91% entry-level.
- Full-year 2024 guidance: home closing revenue $6.0-6.2B, diluted EPS $19.20-20.70.

## SEC filing metadata
- accession: 0000833079-24-000077
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000083307924000077/0000833079-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307924000077/mth-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-24-000077
- JSON: https://secwatch.observer/filing/0000833079-24-000077.json
- Plain text: https://secwatch.observer/filing/0000833079-24-000077.txt

## Key facts
- Earnings Releases
  Meritage Homes CORP reported first quarter results for the period ended March 31, 2024 results: revenue $1,466,096, net income $186,016, EPS $5.06.
  - Period: first quarter results for the period ended March 31, 2024
  - Revenue: $1,466,096
  - Net income: $186,016
  - EPS: $5.06
  - Result: reported results
  source text: Results (unaudited) (Dollars in thousands, except per share amounts) Three Months Ended March 31, 2024 2023 % Chg Homes closed (units) 3,507 2,897 21 % Home closing revenue $ 1,466,096 $ 1,261,923 16 % Average sales price — closings $ 418 $ 436 (4) % Home orders (units) 3,991 3,487 14 % Home order value $ 1,631,195 $ 1,506,893 8 % Average sales price — orders $
  evidence_url: https://www.sec.gov/Archives/edgar/data/833079/000083307924000077/0000833079-24-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.