Welcome to our dedicated page for M/I HOMES news (Ticker: MHO), a resource for investors and traders seeking the latest updates and insights on M/I HOMES stock.
M/I Homes Inc (MHO), a leading U.S. homebuilder with integrated financial services, provides this centralized news hub for stakeholders tracking its residential construction initiatives and market developments. Access verified press releases and updates covering earnings announcements, strategic partnerships, community expansions, and mortgage service innovations.
This resource offers investors and analysts timely insights into the company’s operations across the Midwest, Mid-Atlantic, and Southern markets. Discover updates on design advancements, land acquisition strategies, and financial performance indicators while maintaining compliance with regulatory disclosures.
Content spans quarterly results, leadership changes, sustainability initiatives, and buyer program launches. Bookmark this page for direct access to primary source materials that inform decisions about one of America’s most established residential construction enterprises.
M/I Homes (NYSE:MHO) reported mixed first quarter 2025 results with several key metrics showing declines. Revenue decreased 7% to $976 million, while homes delivered fell 8% to 1,976 units compared to 2,158 in Q1 2024. Net income declined to $111 million ($3.98 per diluted share) from $138 million ($4.78 per diluted share) year-over-year.
The company maintained a strong gross margin of 25.9% despite challenging market conditions. New contracts decreased 10% to 2,292, with a backlog value of $1.56 billion, down 13% from the previous year. The cancellation rate increased to 10% from 8% year-over-year.
Notable positives include record shareholders' equity reaching $3 billion, a 14% increase, with book value per share of $112. The company expanded to 226 active communities, up from 219 last year, and maintains a strong financial position with $776 million in cash and a negative 3% net debt-to-capital ratio.
M/I Homes (NYSE:MHO) announced that Friedrich K.M. Böhm, an independent board member since 1994, will retire from the Board upon his term expiration at the 2025 Annual Meeting of Shareholders. During his 30-year tenure, Böhm served in key positions including Lead Director, Chair of the Audit Committee, and Chair of the Compensation Committee.
The company will announce Böhm's successor in its upcoming 2025 Annual Meeting Proxy Statement. Chairman and CEO Robert H. Schottenstein acknowledged Böhm's contributions, highlighting his counsel, wisdom, and business acumen that supported the company's growth and success.
M/I Homes operates as a leading single-family homebuilder across multiple markets including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee.
M/I Homes (NYSE:MHO) has announced its upcoming first quarter earnings webcast scheduled for April 23, 2025, at 10:30 AM Eastern Time. The company will release its Q1 earnings report before the market opens on the same day.
The webcast will be accessible through the company's website at www.mihomes.com. For those unable to attend the live session, an archived version will be available on the same platform.
M/I Homes operates as a leading single-family homebuilder across multiple U.S. markets, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee, with presence in major metropolitan areas such as Columbus, Cincinnati, Indianapolis, Chicago, Minneapolis/St. Paul, Detroit, Tampa, Austin, Dallas/Fort Worth, Houston, Charlotte, and Nashville.
M/I Homes (NYSE:MHO) has announced a new $250 million share repurchase authorization approved by its Board of Directors. This new authorization replaces the previous one, which had $107 million remaining as of January 31, 2025. The company has flexibility in executing purchases through open market or private transactions, with no expiration date on the authorization.
The timing and volume of share repurchases will be determined by management based on factors including market price, business considerations, economic conditions, and legal requirements. The program can be modified, suspended, or discontinued at any time. M/I Homes operates as a leading single-family homebuilder across multiple markets in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee.
M/I Homes (NYSE:MHO) reported record-breaking results for Q4 and full-year 2024. The company achieved significant growth with Q4 net income rising 27% to $133.5 million ($4.71 per share) and full-year net income increasing 21% to $563.7 million ($19.71 per share).
Key highlights include: Q4 home deliveries up 19% to 2,402 units; full-year deliveries increased 12% to 9,055 units; Q4 revenue grew 24% to $1.2 billion; and annual revenue rose 12% to $4.5 billion. The company maintained strong financial health with shareholders' equity reaching $2.9 billion, a book value of $109 per share, and a homebuilding debt to capital ratio of 19%.
The company repurchased $50 million of stock in Q4 and $176 million throughout 2024. While new contracts increased 8% annually to 8,584, homes in backlog decreased 16% to 2,531 units with a sales value of $1.4 billion, though the average sales price in backlog rose 5% to $553,000.
M/I Homes (NYSE:MHO) has announced its upcoming fourth quarter and year-end earnings webcast scheduled for January 29, 2025, at 10:30 AM Eastern Time. The company plans to release its earnings report before the market opens on the same day. The webcast will be accessible through the company's website at mihomes.com, with an archive available for those unable to attend the live event.
M/I Homes operates as a leading single-family homebuilder across multiple markets including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee, with presence in major metropolitan areas such as Columbus, Cincinnati, Indianapolis, Chicago, Minneapolis/St. Paul, Detroit, Tampa, and Dallas/Fort Worth.
M/I Homes (NYSE: MHO) reported record third quarter results for 2024. The company achieved record homes delivered with an 8% increase to 2,271 units, and revenue grew 9% to $1.1 billion. Net income rose 5% to $145.4 million ($5.10 per diluted share). Shareholders' equity reached an all-time high of $2.8 billion, up 17% year-over-year, with book value per share of $105. New contracts remained stable at 2,023 compared to 2,021 in the previous year. The company maintained a strong financial position with $720 million in cash and a homebuilding debt-to-capital ratio of 20%.
M/I Homes, Inc. (NYSE:MHO) has announced a webcast for its third quarter earnings on October 30, 2024, at 10:00 AM Eastern Time. The webcast will be accessible live over the internet at http://www.mihomes.com. For those unable to participate live, an archived version will be available on the same website. The company is expected to report its third quarter earnings before the market opens on the same day.
M/I Homes is a leading homebuilder of single-family homes with operations in various states including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Interested parties can contact Ann Marie Hunker or Mark Kirkendall for more information.
M/I Homes (NYSE:MHO) reported record-breaking results for Q2 2024. Highlights include:
- Revenue up 9% to $1.1 billion
- Net income increased 24% to $146.7 million ($5.12 per diluted share)
- Homes delivered up 12% to 2,224
- New contracts increased 3% to 2,255
- Backlog sales value up 3% to $1.82 billion
The company achieved all-time quarterly records in income, gross margins (28%), and pre-tax margins (17.5%). M/I Homes ended the quarter with record shareholders' equity of $2.7 billion, a 19% increase year-over-year, and a strong financial position with $837 million in cash and a net-debt-to-capital ratio of negative 6%.
M/I Homes (NYSE: MHO) will hold a webcast announcing their second quarter earnings on July 30, 2024, at 10:30 AM Eastern Time. Investors can access the live webcast through the company's website. The webcast will be archived for later viewing. The company is expected to report its second quarter earnings before the market opens on the same day. M/I Homes operates as a leading homebuilder in multiple regions across the United States, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. For more information, contact Ann Marie Hunker or Mark Kirkendall at the provided contact details.
