secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000833079-24-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q2 EPS $6.31, +26% YoY; home closings up 18% to 4,118
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- Net earnings $231.6M ($6.31 diluted EPS), up 26% YoY; revenue $1.69B, +10%.
- Home closing gross margin improved 150 bps to 25.9% due to lower direct costs and shorter cycle times.
- Orders up 14% to 3,799 units; average absorption pace 4.5/month vs 3.9 last year.
- Issued $575M of 1.75% convertible notes due 2028; redeemed $250M of 2025 senior notes.
- FY2024 guidance: diluted EPS $19.80-$21.00, closings 14,750-15,500 units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000090/0000833079-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000090/mth-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000833079-24-000090

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