secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000799292-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q1 revenue record $1.0B (+16%), EPS $3.64 beat prior year $3.16
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- Revenue $1.0B (+16% YoY), a Q1 record; pre-tax income $136M (+11%) record; net income $103.1M ($3.64 diluted EPS) record.
- Homes delivered up 10% to 2,007; average sales price $486K (+6%); communities grew to 200.
- New contracts down 14% to 2,171; backlog sales value $1.7B (-38%); cancellation rate 13% vs 7% last year.
- Shareholders' equity record $2.2B (+28%), book value $79/share; cash $543M, zero borrowings on $650M credit facility.
- Return on equity 26%; CEO cites strong fundamentals and undersupply despite higher rates and inflation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929223000045/0000799292-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929223000045/mho-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000799292-23-000045

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