M/I Homes Q2 net income $118M ($4.12 EPS); new contracts up 21% YoY

M/I HOMES, INC.

2023-Q2 EPS reported $7.77 revenue$2,014,543,000

Revenue of $1.0B (-3% YoY); pre-tax income $155.4M (-15%).
Diluted EPS $4.12 vs $4.79 in Q2 2022; net income $118M vs $136.8M.
New contracts increased 21% to 2,197; deliveries down 7% to 1,990.
Record shareholders' equity of $2.3B (book value $83/share); ROE 23%.
Gross margin 26%; cancellation rate improved to 10% from 11%.

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 0.95

M/I HOMES, INC. reported the three and six months ended June 30, 2023 results: revenue $1.0 billion, net income $118.0 million ($4.12 per diluted share), EPS $4.12 per diluted share.

Period: the three and six months ended June 30, 2023
Revenue: $1.0 billion
Net income: $118.0 million ($4.12 per diluted share)
EPS: $4.12 per diluted share
Result: reported results

Exact text from the filing

June 30, 2023. 2023 Second Quarter Highlights: • New contracts increased 21% to 2,197 contracts • Delivered 1,990 homes, down 7% from 2022’s 2,133 homes delivered • Revenue of $1.0 billion, down 3% from 2022’s second quarter record level • Pre-tax income of $155.4 million, down 15% from 2022’s record of $182.2 million • Net income of $118.0 million ($4.12 per

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Source: SEC EDGAR

accession 0000799292-23-000088

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