secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000799292-22-000066
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q3 net income up 45% to record $132M; new contracts drop 31%
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- Revenue rose 12% to $1.0B; diluted EPS $4.67 vs $3.03 a year ago.
- Gross margin 26.8% (+230 bps); operating margin 16.5% (+270 bps).
- New contracts fell 31% to 1,349; cancellation rate 17%.
- Backlog units down 16% to 4,536; avg sales price record $533,000.
- Shareholders' equity record $1.9B (+25%); homebuilding debt-to-capital 26%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929222000066/0000799292-22-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929222000066/a3rdqtr2022earningspressre.htm
  HTML page:      https://secwatch.observer/filing/0000799292-22-000066

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