---
schema_version: "secwatch.filing_event.v1"
accession: "0000799292-25-000031"
form_type: "8-K"
ticker: "MHO"
cik: "0000799292"
company_name: "M/I HOMES, INC."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:39:34.475307+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# M/I Homes Q1 net income drops 20% to $111M; deliveries down 8% YoY

## Summary
- Net income $111M ($3.98 diluted EPS) vs $138M ($4.78) in Q1 2024; pre-tax income down 19% to $146M.
- Revenue $976M (-7% YoY) on 1,976 homes delivered (-8%); new contracts 2,292 (-10%).
- Backlog value $1.56B (-13%), units 2,847 (-16%), avg price $548k (+4%).
- Record equity $3B, book value $112; repurchased $50M; cash $776M, zero on $650M line; debt-to-cap 19%.
- 226 communities (record); expects avg 5% community growth; gross margin 25.9%, pre-tax margin 15%, ROE 19%.

## SEC filing metadata
- accession: 0000799292-25-000031
- form_type: 8-K
- ticker: MHO
- cik: 0000799292
- company_name: M/I HOMES, INC.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799292/000079929225000031/0000799292-25-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799292/000079929225000031/mho-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799292-25-000031
- JSON: https://secwatch.observer/filing/0000799292-25-000031.json
- Plain text: https://secwatch.observer/filing/0000799292-25-000031.txt

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