secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0000799292-22-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q2 net income record $137M ($4.79 EPS), revenue up 8% to $1B, but new contracts down 20%
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- Net income $136.8M ($4.79 diluted EPS) vs $107.6M ($3.58) in Q2 2021, up 27%.
- Revenue $1.0B (record), pre-tax $182.2M (record), gross margin 27.3% (up 220 bps).
- Homes delivered 2,133 (down 6%); new contracts 1,820 (down 20%); cancellation rate 11% vs 7%.
- Backlog sales value $2.7B (up 9%); units 5,213 (down 5%).
- Shareholders' equity $1.8B (record); cash $189M; no borrowings on $550M credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929222000052/0000799292-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929222000052/mho-20220727.htm
  HTML page:      https://secwatch.observer/filing/0000799292-22-000052

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