secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000833079-26-000103
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q1 net earnings down 55% to $55.3M; home closing margin falls to 17.5%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/0000833079-26-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000083307926000103/mth-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000833079-26-000103

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