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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 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 For those unable to participate live, an archived version will be available on the same website.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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