secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000799292-25-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929225000031/0000799292-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929225000031/mho-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000799292-25-000031

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