secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000799292-22-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q1 revenue record $860.8M; EPS $3.16 vs $2.85 YoY; backlog sales $2.8B
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- Pre-tax income up 11% to $122.3M; net income $91.8M ($3.16/diluted share) vs $84.9M ($2.85).
- Homes delivered 1,823 (-10% YoY); new contracts 2,514 (-19% YoY).
- Backlog units 5,526 (+1% YoY) – all-time quarterly record; backlog value $2.8B (+17%).
- Gross margin improved 40 bps to 24.8%; overhead ratio improved 50 bps.
- Shareholders' equity $1.7B (+26%); no borrowings on $550M credit facility; $15M share repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929222000021/0000799292-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929222000021/mho-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000799292-22-000021

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