secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0000799292-26-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q4 net income $64M ($2.39 EPS) down from $134M; full year EPS $14.74 vs $19.71
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- Q4 revenue $1.1B (-5% YoY); pre-tax income $80.6M includes $51.2M in inventory and warranty charges.
- Full year 2025 net income $402.9M ($14.74 diluted EPS) vs $563.7M ($19.71 EPS) in 2024.
- New contracts up 9% in Q4 to 1,921; full year contracts down 4% to 8,199. Backlog units down 29% to 1,809.
- Record shareholders' equity $3.2B; repurchased $202M of stock in 2025; zero borrowings on $900M credit facility.
- Gross margin 18.1% (22.6% excluding charges); cancellation rate improved to 10% from 14% last year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929226000004/0000799292-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929226000004/mho-20260128.htm
  HTML page:      https://secwatch.observer/filing/0000799292-26-000004

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