Every material Form 8-K M/I Homes has filed with the SEC since January 31, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
M/I Homes reported third-quarter 2026 results with revenue of $1.1 billion, down 5%, and net income of $67 million ($2.56 per diluted share), versus $107 million ($3.92 per diluted share) a year earlier. The company said market conditions were increasingly difficult, citing higher mortgage rates and weaker demand, while shareholders' equity reached a record $3.3 billion.
Q3 revenue declined 5% to $1.1 billion; homes delivered fell 2% to 2,241
Pre-tax income was $87 million, down 38%, including $5 million of inventory charges
Repurchased $50 million of common stock; book value per share rose to a record $130
Nine-month net income was $213 million ($8.14 per diluted share) versus $339 million ($12.32) in 2025
M/I Homes reported second-quarter 2026 revenue down 9% to $1.1 billion and net income of $79 million ($3.02 per diluted share), versus $121 million ($4.42 per share) a year earlier. Homes delivered fell 6%, although new contracts rose 15% to a second-quarter record, and the company reported record shareholders' equity of $3.2 billion and $50 million of stock repurchases.
Total revenue fell 9% to $1.1 billion; homes delivered decreased 6% to 2,206.
Net income was $79 million ($3.02 per diluted share) versus $121 million ($4.42) a year earlier, including $4 million of inventory charges ($0.12 per diluted share).
New contracts rose 15% to a record 2,387; backlog sales value was $1.31 billion, down 8% from a year ago.
The company repurchased $50 million of common stock; shareholders' equity reached a record $3.2 billion.
M/I Homes reported first-quarter 2026 results, with revenue down 6% to $921 million and net income of $68 million ($2.55 per diluted share), compared with $111 million ($3.98 per diluted share) a year earlier. New contracts rose 3% to 2,350 homes, but homes delivered fell 3%, and the company repurchased $50 million of common stock, which matters to shareholders because profit fell while the company's equity reached a record $3.2 billion.
Revenue declined 6% to $921 million; homes delivered fell 3% to 1,914.
Net income was $68 million ($2.55 per diluted share), versus $111 million ($3.98 per diluted share) in the first quarter of 2025.
New contracts rose 3% to 2,350; backlog sales value was $1.20 billion, down 23% from a year earlier.
Shareholders' equity reached a record $3.2 billion, and the company repurchased $50 million of common stock.
M/I Homes director Norman L. Traeger, a board member since 1997, notified the company on February 27, 2026 that he will retire at the end of his current term and will not stand for re-election at the 2026 Annual Meeting of Shareholders. The company said it will name his successor in the proxy statement for that meeting, so shareholders will learn the replacement later.
Norman L. Traeger has served on the board since 1997 and gave notice on February 27, 2026.
He will not stand for re-election at the 2026 Annual Meeting of Shareholders.
The board's nominee to succeed him will be identified in the 2026 proxy statement.
The filing does not describe the reasons for the retirement.
M/I Homes reported fourth-quarter and full-year 2025 results, with revenue and profit both lower than in 2024. Fourth-quarter net income fell to $64 million ($2.39 per diluted share) from $134 million ($4.71), and results included $51 million in inventory and warranty charges. For shareholders, the filing shows lower earnings per share for both periods, with the company also reporting $202 million in stock repurchases for 2025.
Q4 2025 revenue declined 5% to $1.1 billion; homes delivered fell 4% to 2,301
Q4 2025 net income was $64 million ($2.39 per diluted share), versus $134 million ($4.71) in Q4 2024; $3.91 excluding charges
Full-year 2025 net income was $403 million ($14.74 per diluted share), versus $19.71 in 2024; revenue declined 2% to $4.4 billion
Company repurchased $202 million of stock in 2025 and reported record shareholders' equity of $3.2 billion
M/I Homes reported third-quarter 2025 results, with revenue down 1% to $1.1 billion and pre-tax income of $140 million, down 26% from a year earlier, including a $7.6 million inventory charge. Net income was $106.5 million ($3.92 per diluted share) versus $145.4 million ($5.10 per diluted share) in the third quarter of 2024. Lower profit reduces earnings for shareholders, while the company reported record homes delivered, record shareholders' equity, a Moody's upgrade to Ba1, and a $50 million stock buyback.
Revenue fell 1% to $1.1 billion; homes delivered rose 1% to a third-quarter record of 2,296.
Net income was $106.5 million ($3.92 per diluted share), down from $145.4 million ($5.10 per diluted share).
New contracts fell 6% to 1,908 homes; backlog sales value was $1.21 billion, down 30%.
Moody's upgraded the company to Ba1, and the bank credit facility was extended to 2030 with capacity raised to $900 million.
M/I Homes entered into a Seventh Amendment to its unsecured revolving credit facility, increasing lender commitments to $900.0 million from $650.0 million and extending maturity to September 18, 2030. The amendment also lowers the SOFR margin and commitment fee, which reduces the company's borrowing costs under the facility, and no borrowings were outstanding as of June 30, 2025.
Commitments increased to $900.0 million from $650.0 million; accordion feature allows up to $1.05 billion with lender approval
Maturity extended to September 18, 2030
SOFR margin cut to 150 basis points from 175 basis points; commitment fee cut 5 basis points to 25 basis points
As of June 30, 2025, no borrowings outstanding and $88.5 million of letters of credit outstanding
M/I Homes reported second-quarter 2025 results on July 23, 2025. Revenue rose 5% to $1.2 billion and homes delivered rose 6% to 2,348, but pre-tax income fell 18% to $160 million and diluted EPS fell to $4.42 from $5.12. New contracts fell 8%, which may affect future deliveries.
Net income was $121 million ($4.42 per diluted share) versus $147 million ($5.12) a year earlier.
Pre-tax income decreased 18% to $160 million, or 14% of revenue.
New contracts fell 8% to 2,078 homes; backlog units fell 25% to 2,577 as of June 30, 2025.
The company repurchased $50 million of common stock in the quarter.
M/I Homes reported first-quarter 2025 results for the three months ended March 31, with revenue down 7% to $976 million and net income of $111 million ($3.98 per diluted share), versus $138 million ($4.78 per diluted share) a year earlier. Fewer homes were delivered and new contracts fell, though the company said its shareholders' equity reached a record $3 billion and it repurchased $50 million of common stock.
Revenue fell 7% to $976 million; homes delivered fell 8% to 1,976 from 2,158
Pre-tax income fell 19% to $146 million, or 15% of revenue
Net income was $111 million ($3.98 per diluted share) versus $138 million ($4.78 per diluted share)
New contracts fell 10% to 2,292; the company repurchased $50 million of common stock
M/I Homes said director Friedrich K.M. Böhm, a board member since 1994, will retire at the expiration of his term and will not stand for re-election at the 2025 Annual Meeting of Shareholders. The company will name a successor nominee in its proxy statement for that meeting. The change is a board transition with no financial results or guidance included in the filing.
Friedrich K.M. Böhm has served on the board since 1994, including as Lead Director and as Chair of the Audit and Compensation Committees.
Retirement takes effect at the expiration of his current term, at the 2025 Annual Meeting of Shareholders.
The board's nominee to succeed Böhm will be identified in the 2025 proxy statement.
Chairman and CEO Robert H. Schottenstein thanked Böhm for his service in the company's press release dated March 14, 2025.
M/I Homes reported fourth-quarter and full-year 2024 results on January 29, 2025, in a press release furnished as Exhibit 99.1. Revenue and net income rose in both periods, with full-year net income of $563.7 million, or $19.71 per diluted share, compared with $16.21 in 2023. For shareholders, the results show higher earnings, $176.0 million of stock repurchases and a lower homebuilding debt-to-capital ratio, though the release does not include earnings guidance.
Q4 2024 revenue was $1.2 billion, up 24%, and net income was $133.5 million, or $4.71 per diluted share, versus $3.66 a year earlier.
Full-year 2024 revenue rose 12% to $4.5 billion, and net income was $563.7 million, or $19.71 per diluted share, versus $16.21 in 2023.
The company repurchased $176.0 million of stock in 2024, and its homebuilding debt-to-capital ratio fell to 19% from 22%.
M/I Homes reported results for the three and nine months ended September 30, 2024. Third-quarter revenue rose 9% to $1.1 billion, and net income rose 5% to $145.4 million, or $5.10 per diluted share, with pre-tax income, net income and homes delivered all described as third-quarter records. Nine-month net income reached a record $430.3 million, and the company repurchased $50 million of common stock during the quarter.
Revenue rose 9% to $1.1 billion, and homes delivered rose 8% to 2,271 in the third quarter.
Net income rose 5% to $145.4 million, or $5.10 per diluted share, compared with $4.82 a year earlier.
Shareholders' equity reached a record $2.8 billion, with book value of $105 per share, and the company repurchased $50 million of common stock.
Backlog units fell 8% to 3,174 homes at September 30, 2024, and backlog sales value fell 1% to $1.73 billion.
M/I Financial, a subsidiary of M/I Homes, amended its mortgage repurchase facility with JPMorgan Chase Bank, N.A. as administrative agent, extending the term to the earlier of October 21, 2025 or an earlier termination by a governmental order or operation of law. The amendment sets a maximum aggregate commitment of $300 million, and the filing says other material terms are unchanged. The facility finances eligible mortgage loans originated by M/I Financial, so the change maintains that funding source for the company's lending arm.
Amendment dated October 22, 2024 to the Master Repurchase Agreement dated October 24, 2023 with JPMorgan Chase Bank, N.A. as administrative agent
Facility term extended to the earlier of October 21, 2025 or earlier termination by a governmental order or operation of law
Maximum aggregate commitment set at $300 million; other material terms remain unchanged
M/I Homes reported results for the three and six months ended June 30, 2024. Second-quarter revenue rose 9% to $1.1 billion and net income rose 24% to $146.7 million, or $5.12 per diluted share, both described by the company as all-time quarterly records. The company also repurchased $50 million of common stock during the quarter.
Q2 2024 net income of $146.7 million, or $5.12 per diluted share, versus $118.0 million, or $4.12 per diluted share, in Q2 2023
Homes delivered rose 12% to 2,224 and revenue rose 9% to $1.1 billion
Pre-tax income rose 25% to $194.1 million, 17.5% of revenue
Six-month net income was $284.8 million, or $9.90 per diluted share, versus $221.1 million, or $7.77, a year earlier
M/I Homes reported first-quarter 2024 results for the three months ended March 31, with revenue up 5% to $1.05 billion and net income up 34% to $138.1 million, or $4.78 per diluted share, all described by the company as first-quarter records. Shareholders' equity rose 21% from a year earlier to $2.6 billion, and new contracts increased 17%, which points to continued demand for its homes.
Net income rose 34% to $138.1 million, or $4.78 per diluted share, versus $3.64 a year earlier
Revenue rose 5% to $1.05 billion; homes delivered rose 8% to 2,158
New contracts rose 17% to 2,547; cancellation rate fell to 8% from 13%
Shareholders' equity reached $2.6 billion, or $95.09 book value per share, at March 31, 2024
M/I Homes reported fourth-quarter and full-year 2023 results on January 31, 2024. Revenue and profit fell in both periods: fourth-quarter net income dropped 19% to $105.3 million, and full-year net income declined to $465.4 million from $490.7 million, even though new contracts rose 20% for the year.
Q4 2023 revenue was $972.6 million, down 20%; diluted EPS was $3.66 versus $4.65 a year earlier.
Full-year 2023 revenue was $4.0 billion, a 2% decrease; net income was $465.4 million ($16.21 per diluted share) versus $490.7 million ($17.24) in 2022.
Full-year new contracts rose 20% to 7,977, while homes delivered fell 3% to 8,112.
Shareholders' equity reached $2.5 billion at December 31, 2023, with a homebuilding debt to capital ratio of 22%.
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