---
schema_version: "secwatch.filing_event.v1"
accession: "0000799292-24-000037"
form_type: "8-K"
ticker: "MHO"
cik: "0000799292"
company_name: "M/I HOMES, INC."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:33:26.886357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# M/I Homes Q1 record: net income $138M, EPS $4.78, homes delivered up 8%

## Summary
- Net income of $138.1M ($4.78 diluted EPS) vs $103.1M ($3.64) in Q1 2023, up 34%.
- Revenue of $1.05B, up 5% YoY; homes delivered 2,158 (record), up 8%, new contracts up 17% to 2,547.
- Gross margin improved 360 bps to 27%; pre-tax income $180.2M (17.2% of revenue), up 33%.
- Shareholders' equity record $2.6B, book value $95/shr; cash $870M, zero borrowings on $650M credit facility.
- Backlog sales value $1.8B (+4%), 3,391 homes; cancellation rate 8% vs 13% a year ago.

## SEC filing metadata
- accession: 0000799292-24-000037
- form_type: 8-K
- ticker: MHO
- cik: 0000799292
- company_name: M/I HOMES, INC.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799292/000079929224000037/0000799292-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799292/000079929224000037/mho-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799292-24-000037
- JSON: https://secwatch.observer/filing/0000799292-24-000037.json
- Plain text: https://secwatch.observer/filing/0000799292-24-000037.txt

## Key facts
- Earnings Releases
  M/I HOMES, INC. reported three months ended March 31, 2024 results: revenue $1.05 billion, net income $138.1 million, EPS $4.78 per diluted share.
  - Period: three months ended March 31, 2024
  - Revenue: $1.05 billion
  - Net income: $138.1 million
  - EPS: $4.78 per diluted share
  - Result: reported results
  source text: 2024 First Quarter Highlights: • New contracts increased 17% to 2,547 • Homes delivered increased 8% to 2,158, a first quarter record • Revenue increased 5% to $1.05 billion, a first quarter record • Pre-tax income increased 33% to $180.2 million, 17.2% of revenue and a first quarter record • Net income increased 34% to a first quarter record $138.1 million ($4.78 per diluted share) • Shareholders’ equity reached a record of $2.6 billion, a 21% increase from a year ago, with book value per share of $95 • Backlog sales value increased to $1.8 billion, up 4% • Return on equity of 21%
  evidence_url: https://www.sec.gov/Archives/edgar/data/799292/000079929224000037/0000799292-24-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.