secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0000799292-25-000073
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q3 net income falls 27% to $106.5M ($3.92/sh); revenue down 1% to $1.1B
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- Pre-tax income $139.8M (12% of revenue) vs $188.7M a year ago; includes $7.6M inventory charge.
- Deliveries up 1% to record 2,296 homes; new contracts fell 6% to 1,908; backlog value down 30% to $1.21B.
- Share repurchases of $50M; credit facility extended to 2030 and increased to $900M from $650M.
- Moody's upgraded credit rating to Ba1; shareholders' equity record $3.1B, book value per share $120.
- Cancellation rate rose to 12% from 10% a year ago; homebuilding net debt-to-capital at negative 1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929225000073/0000799292-25-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929225000073/mho-20251022.htm
  HTML page:      https://secwatch.observer/filing/0000799292-25-000073

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