secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2025-07-23T23:59:59+00:00
Accession:  0000799292-25-000057
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q2 revenue up 5%, net income down 18%; backlog sales down 22%
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- Revenue $1.2B (+5%), homes delivered 2,348 (+6%), both Q2 records.
- Net income $121M ($4.42 EPS) vs $147M ($5.12 EPS) in Q2 2024; pre-tax income $160M (-18%).
- New contracts 2,078 (-8%), backlog sales value $1.43B (-22%), cancellation rate 13% vs 10%.
- Shareholders' equity $3.1B (+12%), book value $117; repurchased $50M of stock.
- Zero borrowings on $650M credit facility, cash $800M, homebuilding debt-to-cap 18%, net debt-to-cap -3%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929225000057/0000799292-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929225000057/mho-20250723.htm
  HTML page:      https://secwatch.observer/filing/0000799292-25-000057

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