secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000833079-25-000117
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Q2 EPS $2.04 vs $3.15 YoY; revenue down 5%; home closing gross margin 21.1%
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- Net earnings $147M (-37% YoY); diluted EPS $2.04 (-35%).
- Home closing revenue $1.62B (-5%); ASP on closings $387K (-6%).
- Home closing gross margin 21.1% (480 bps decline); adjusted margin 21.4% excluding land deal charges.
- Orders up 3% to 3,914 units; backlog value $695M (-37%).
- Full-year land spend guidance cut to ~$2.0B from $2.5B; dividend $0.43/sh, $45M in buybacks in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307925000117/0000833079-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307925000117/mth-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000833079-25-000117

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