secwatch.observer — SEC 8-K summary
======================================

Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000799292-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929223000003/0000799292-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929223000003/mho-20230201.htm
  HTML page:      https://secwatch.observer/filing/0000799292-23-000003

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