---
schema_version: "secwatch.filing_event.v1"
accession: "0000799292-26-000030"
form_type: "8-K"
ticker: "MHO"
cik: "0000799292"
company_name: "M/I HOMES, INC."
filed_at: "2026-10-21T11:35:22+00:00"
generated_at: "2026-10-21T11:40:09.174982+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# M/I Homes Q3 net income falls 38% to $66.6M; EPS $2.56 vs $3.92 on 5% revenue decline

## Summary
- Q3 revenue fell 5% to $1.1B; homes delivered 2,241 (-2%) and new contracts 1,861 (-2%); backlog value $1.1B (-9%) on 2,046 homes (-7%) at $539,000 average.
- Net income $66.6M ($2.56/diluted share) vs $106.5M ($3.92); pre-tax income $86.9M, down 38%, including $4.7M inventory charges ($0.14/share).
- Gross margin 20.9%, or 21.3% excluding inventory charges; cancellation rate 12% in both periods; community count 246 vs 233 a year ago.
- Record equity $3.3B, book value/share $130; cash $621M, no borrowings on $900M credit facility; homebuilding debt/capital 18%, net debt/capital 2%; repurchased $50M stock.
- Nine-month net income $213.5M ($8.14/share) vs $339.0M ($12.32); pre-tax $280.6M vs $446.0M; CEO cites higher mortgage rates, weaker demand and economic uncertainty.

## SEC filing metadata
- accession: 0000799292-26-000030
- form_type: 8-K
- ticker: MHO
- cik: 0000799292
- company_name: M/I HOMES, INC.
- filed_at: 2026-10-21T11:35:22+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799292/000079929226000030/0000799292-26-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799292/000079929226000030/mho-20261021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000799292-26-000030
- JSON: https://secwatch.observer/filing/0000799292-26-000030.json
- Plain text: https://secwatch.observer/filing/0000799292-26-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.