secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0000799292-21-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q2 net income up 97% to $107.6M; authorizes $100M share repurchase
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- Net income $107.6M ($3.58 EPS), up 97% YoY; revenue $961M, up 35%.
- Homes delivered 2,258 (+23%); new contracts 2,267 (Q2 record); backlog units 5,488 (+49%).
- Gross margin improved 320 bps to 25.1%; pre-tax income margin 14.7% vs 10.0% last year.
- Board authorized $100M share repurchase, replacing prior $50M program; no expiration date.
- Shareholders' equity record $1.5B, book value $50/share; homebuilding debt to capital 31%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929221000088/0000799292-21-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929221000088/mho-20210728.htm
  HTML page:      https://secwatch.observer/filing/0000799292-21-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer