secwatch.observer — SEC 8-K summary
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Issuer:     Meritage Homes CORP (MTH)
CIK:        0000833079
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001437749-22-017896
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Meritage Homes Q2 diluted EPS $6.77 (+55% YoY); withdraws FY2022 guidance citing market uncertainty
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- Net earnings $250.1M vs $167.4M YoY; home closing revenue $1.41B (+11%).
- Home closing gross margin expanded 430 bps to 31.6%; orders up 6% to 3,767 units.
- Ending backlog of 7,241 units (+31%); ASP on closings up 13% to $437K.
- Management withdraws FY2022 guidance due to mortgage-rate-driven demand slowdown.
- Repurchased 1.17M shares for $109.3M in H1; net debt-to-capital 20.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833079/000143774922017896/0001437749-22-017896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833079/000143774922017896/mth20220503_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017896

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