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.
Overview
M/I Homes Inc is a respected American homebuilder and integrated financial services provider known for its commitment to superior customer service, innovative design, quality construction, and premium community locations. Operating across the Midwest, Mid-Atlantic, and Southern regions, the company has established a robust reputation in the realms of residential construction and homebuilding with strong expertise in mortgage services. Its diversified portfolio encompasses communities that serve entry-level, move-up, luxury, and empty nester buyers, positioning it as a reputable force in U.S. housing development.
Business Model and Operations
M/I Homes Inc generates revenue primarily through its homebuilding operations. The company develops master-planned communities and individual single-family homes, balancing innovative construction techniques with a focus on quality and design. Integral to its business is an embedded financial services arm that provides mortgage loans, title services, and other financial support, effectively streamlining the homebuying process for its customers. By aligning its financial services with construction operations, M/I Homes strengthens its overall business model and ensures a cohesive customer experience.
Geographic Presence and Market Segmentation
The company operates in several key U.S. markets, with a presence in major regions that include the Midwest, Mid-Atlantic, and Southern states. This wide geographic reach allows M/I Homes to capture a broad customer base and adapt to regional variations in housing demand. The company’s developments are strategically located in areas poised for long-term residential growth, ensuring that its communities meet the evolving needs of diverse demographic segments.
Product and Service Offerings
M/I Homes focuses on crafting high-quality homes and vibrant communities. Its product portfolio is designed to cater to a variety of homebuyers, ranging from those seeking affordable entry-level properties to those in search of premium and luxury homes. With a deep understanding of market demands, the company prioritizes modern design, thoughtful planning, and accessibility, all while interweaving an efficient financial services framework that supports each customer’s journey from contract to closing.
Corporate Reputation and Competitive Landscape
Founded in 1976, M/I Homes has consistently emphasized superior construction quality, innovative design, and prime location selection. The company's integrated approach not only streamlines the financing process but also reinforces its competitive edge by offering a comprehensive solution to residential homebuyers. In a competitive market populated by other reputable homebuilders, M/I Homes differentiates itself through its balanced emphasis on operational excellence and customer-centric service. Its longstanding presence and proven business model resonate with both homebuyers and market analysts seeking dependable construction and financial prudence.
Integration of Financial Services and Construction
A key element of M/I Homes' strategy is the seamless integration of its financial services with its construction operations. By providing mortgage and title services directly linked to its homebuilding projects, the company creates a one-stop solution that enhances customer convenience and reinforces quality control across its business segments. This integration allows for more consistent customer experiences and establishes a framework that supports sustained operational efficiency.
Industry Position and Value Proposition
M/I Homes Inc occupies a distinct position within the U.S. residential construction industry. Its focus on quality craftsmanship, combined with a comprehensive suite of financial services, underpins its commitment to driving customer satisfaction and building lasting communities. The blend of innovative design, carefully chosen premium locations, and dedicated financial support not only underscores its market significance but also demonstrates a sophisticated understanding of the industry. The company’s transparent business model and consistent performance have earned trust among stakeholders and continue to heighten its status as a reliable and authoritative presence in the homebuilding landscape.
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.
M/I Homes (NYSE:MHO) announced a new share repurchase authorization of up to $250 million, replacing the previous authorization with $103 million remaining as of April 30, 2024.
The repurchase can occur via open market or privately negotiated transactions, adhering to applicable laws. Management will decide the timing and amount based on market price, business conditions, and other factors. The authorization has no expiration date and can be modified or suspended anytime.
M/I Homes is a leading builder of single-family homes, operating across various states, including Ohio, Texas, and Florida.
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