secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000799292-23-000115
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q3 net income $139M ($4.82 EPS); new contracts up 50% YoY
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- Record Q3 revenue of $1.0B, up 3% YoY; pre-tax income record $178M, up 7%.
- New contracts surged 50% to 2,021; deliveries edged up 3% to 2,096 homes.
- Shareholders' equity record $2.4B, book value $87 per share; no borrowings on $650M credit facility.
- Gross margin 27%, pre-tax income margin 17%, ROE 23%.
- Cancellation rate improved to 10% from 17% a year ago; communities grew to 204 from 178.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929223000115/0000799292-23-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929223000115/mho-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000799292-23-000115

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