secwatch.observer — SEC 8-K summary
======================================

Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000833079-24-000118
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000118/0000833079-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307924000118/mth-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000833079-24-000118

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