secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000833079-25-000087
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q1 2025: EPS $1.69 (-33% YoY), revenue down 8%, gross margin 22.0%
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- Diluted EPS $1.69 vs $2.53 Q1 2024; net earnings $123M, down 34% YoY.
- Home closing revenue $1.34B (-8% YoY); 3,416 closings (-3%) at ASP $393K (-6%).
- Home closing gross margin 22.0%, down 380 bps from 25.8% due to incentives and higher lot costs.
- Issued $500M of 5.650% senior notes due 2035; net debt-to-capital 13.7% vs 11.7% Q4 2024.
- Reiterated FY2025 guidance: 16,250-16,750 closings, revenue $6.6-6.9B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307925000087/0000833079-25-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307925000087/mth-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000833079-25-000087

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