secwatch.observer — SEC 8-K summary
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Issuer:     M/I HOMES, INC. (MHO)
CIK:        0000799292
Form:       8-K
Filed at:   2026-07-29T11:33:45+00:00
Accession:  0000799292-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M/I Homes Q2 net income down 35% to $79M; new contracts record 2,387 (+15% YoY)
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- Q2 EPS $3.02 diluted vs $4.42 a year ago; revenue $1.1B (-9% YoY); gross margin 22%.
- New contracts record 2,387 (+15% YoY); deliveries 2,206 (-6% YoY); cancellation rate improved to 8% from 13%.
- Backlog sales value $1.31B (-8%); backlog units 2,426 (-6%); avg price $538K.
- Shareholders' equity record $3.2B; book value per share $128; repurchased $50M stock.
- S&P upgraded credit rating to BB+; no borrowings on $900M credit facility; cash $736M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799292/000079929226000025/0000799292-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799292/000079929226000025/mho-20260729.htm
  HTML page:      https://secwatch.observer/filing/0000799292-26-000025

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