{"schema_version":"secwatch.filing_event.v1","accession":"0000833079-26-000103","form_type":"8-K","ticker":"MTH","cik":"0000833079","company_name":"Meritage Homes CORP","filed_at":"2026-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.803841+00:00","generated_at":"2026-05-15T04:59:38.036038+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Meritage Homes Q1 net earnings down 55% to $55.3M; home closing margin falls to 17.5%","bullets":["Net earnings $55.3M (diluted EPS $0.82) vs $122.8M ($1.69) in Q1 2025, down 55%.","Home closing revenue $1.11B (-17% YoY) on 2,967 closings (-13%); ASP $373K (-5%).","Home closing gross margin 17.5% vs 22.0% due to higher incentives, lot costs, and reduced fixed cost leverage.","Repurchased 1.8M shares for $130M (2.7% of shares outstanding); paid $32M in dividends ($0.48/share, up from $0.43).","Guidance: full-year 2026 home closing volume and revenue expected at or within 5% of 2025 levels."],"urls":{"canonical":"https://secwatch.observer/filing/0000833079-26-000103","json":"https://secwatch.observer/filing/0000833079-26-000103.json","markdown":"https://secwatch.observer/filing/0000833079-26-000103.md","text":"https://secwatch.observer/filing/0000833079-26-000103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/0000833079-26-000103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/mth-20260422.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:59:38.036038+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e72031f95f82c7feacd38ea5b8847fea37680af0","claim":"Meritage Homes CORP reported first quarter 2026 results: revenue $1.1 billion, net income $55 million, EPS $0.82 per diluted share.","evidence_excerpt":"from intra-quarter sales, a backlog conversion rate of 254%,\" added Phillippe Lord, chief executive officer of Meritage Homes. \"First quarter 2026 home closing revenue totaled $1.1 billion, however the difficult macroeconomic conditions this quarter drove a lower revenue leverage and increased incentives, resulting in home closing gross margin of 17.5% and diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/0000833079-26-000103-index.htm","confidence":0.5,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2026"},{"label":"Revenue","value":"$1.1 billion"},{"label":"Net income","value":"$55 million"},{"label":"EPS","value":"$0.82 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}