---
schema_version: "secwatch.filing_event.v1"
accession: "0000833079-24-000118"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:30:57.423767+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes Q3 EPS $5.34, down 11% YoY; record closings but margins compress

## Summary
- Q3 diluted EPS $5.34 vs $5.98 YoY; net earnings $196M, down 12%.
- Home closing revenue $1.585B, down 2% on 9% lower ASP; closings up 8% to 3,942 units.
- Home closing gross margin 24.8%, down 190 bps from 26.7% on higher lot costs and financing incentives.
- Q4 2024 guidance: 3,750-3,950 closings, revenue $1.50-1.59B, diluted EPS $4.10-$4.60, gross margin 22.5-23.5%.
- Quarterly dividend raised to $0.75/share (up 178%); $30M in share repurchases during Q3.

## SEC filing metadata
- accession: 0000833079-24-000118
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000083307924000118/0000833079-24-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000083307924000118/mth-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833079-24-000118
- JSON: https://secwatch.observer/filing/0000833079-24-000118.json
- Plain text: https://secwatch.observer/filing/0000833079-24-000118.txt

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