secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000799292-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929224000037/0000799292-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929224000037/mho-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000799292-24-000037

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