M/I Homes Q4 record revenue $1.2B, EPS $4.65; full-year net income $490.7M

M/I HOMES, INC.

2022-FY EPS reported $17.24 revenue$4,131,393,000

Q4 net income $130.4M ($4.65 diluted EPS) vs $113.4M ($3.83) a year ago; includes $13.9M after-tax impairments.
Full-year record revenue $4.1B (+10% YoY); record pre-tax income $635.2M (+25%).
Q4 new contracts 985 (-44% YoY); backlog value $1.7B (-28%); cancellation rate 30% vs 10% prior year.
Shareholders' equity record $2.1B, book value $75/share; homebuilding debt-to-capital 25% vs 30%.
CEO cites strong balance sheet and long-term housing demand despite near-term rate headwinds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

M/I HOMES, INC. reported fourth quarter ended December 31, 2022 results: revenue $1.2 billion, net income $130.4 million, EPS $4.65 per diluted share.

Period: fourth quarter ended December 31, 2022
Revenue: $1.2 billion
Net income: $130.4 million
EPS: $4.65 per diluted share
Result: reported results

Exact text from the filing

2022 Fourth Quarter Results: • Homes delivered increased 3% to 2,384, an all-time quarterly record • Revenue increased 16% to an all-time quarterly record of $1.2 billion • Pre-tax income increased 16% to $164.2 million, a fourth quarter record • Net income increased 15% to $130.4 million ($4.65 per diluted share) compared to $113.4 million ($3.83 per diluted share) in 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

M/I HOMES, INC. reported year ended December 31, 2022 results: revenue $4.1 billion, net income $490.7 million, EPS $17.24 per diluted share.

Period: year ended December 31, 2022
Revenue: $4.1 billion
Net income: $490.7 million
EPS: $17.24 per diluted share
Result: reported results

Exact text from the filing

2022 Full Year Results: • Homes delivered of 8,366 compared to 8,638 in 2021, a 3% decrease • Record revenue of $4.1 billion, an increase of 10% over last year • Record pre-tax income of $635.2 million, a 25% increase compared to $509.1 million in 2021 • Net income increased 24% to a record $490.7 million ($17.24 per diluted share) compared to $396.9 million in 2021 ($13.28 per diluted share)

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Source: SEC EDGAR

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