secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0000799292-26-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q1 net income falls 39% YoY to $67.8M; EPS $2.55 vs $3.98
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- Revenue down 6% to $921M; homes delivered fell 3% to 1,914 units.
- New contracts increased 3% to 2,350; backlog units down 21% to 2,245.
- Gross margin 22%; pre-tax income margin 10%, down from 17% a year ago.
- Record shareholders' equity $3.2B; repurchased $50M of common stock.
- Cancellation rate improved to 8% from 10% a year earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929226000014/0000799292-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929226000014/mho-20260422.htm
  HTML page:      https://secwatch.observer/filing/0000799292-26-000014

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