secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000833079-24-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000077/0000833079-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000077/mth-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000833079-24-000077

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