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. (NYSE: MHO) is described in its public communications as one of the nation’s leading homebuilders of single-family homes, with homebuilding operations across multiple U.S. metropolitan markets. The MHO news page on Stock Titan aggregates company-issued press releases and other coverage so readers can follow how this residential construction and financial services business is performing and evolving over time.
Recent news for M/I Homes includes quarterly earnings releases that detail homes delivered, new contracts, backlog, revenue, margins, and segment results for both homebuilding and financial services. These releases also provide commentary from management on housing market conditions, community count, balance sheet strength, and capital allocation decisions such as share repurchases.
Investors and followers of MHO can also expect news about corporate actions and financing arrangements. For example, the company has announced amendments to its unsecured revolving credit facility, including an increase in borrowing capacity and an extension of maturity, as well as a new share repurchase authorization approved by its Board of Directors. Webcast announcements for first, second, third, and fourth quarter and year-end earnings calls are another recurring news category, giving details on how to access live and archived presentations.
Board of Directors updates and other governance-related items may also appear in M/I Homes’ news flow, such as announcements about director retirements and planned succession on the Board. By reviewing this collection of MHO news, readers can monitor operational performance, financing developments, governance changes, and the company’s communication with the investment community.
M/I Homes, Inc. (NYSE:MHO) will host a live webcast to announce its Third Quarter Earnings on October 28, 2020, at 4:00 PM ET. Investors can access the event via the company's website. M/I Homes, known for its single-family homes, has sold over 122,600 homes across multiple states including Ohio, Indiana, Illinois, and Texas. This event allows stakeholders to gain insights into the company's financial performance and strategic direction.
M/I Homes, Inc. (NYSE: MHO) has appointed Kumi D. Walker as a new member of its Board of Directors, effective August 11, 2020. Walker, who is the Chief Business Development & Strategy Officer at Root Insurance, brings extensive experience in business development and technology. This appointment fills a newly created board position and is expected to enhance the company's strategic direction, particularly in e-commerce and digital media solutions, according to Chairman and CEO Robert H. Schottenstein.
M/I Homes, Inc. (NYSE:MHO) reported record-breaking second quarter results for 2020, with new contracts rising 31% to 2,261 and backlog units up 30% to 3,691. Revenue increased 15% to $714 million, while net income soared by 80% to $54.5 million ($1.89 per diluted share). Shareholders' equity reached $1.1 billion, reflecting a 21% year-over-year increase. Despite challenges from COVID-19, the company maintained robust construction schedules, achieving a higher gross margin of 21.9%. The firm remains cautiously optimistic about future market conditions.
M/I Homes, Inc. (NYSE:MHO) will host a second quarter earnings webcast on July 29, 2020, at 4:00 p.m. Eastern Time. Interested parties can access the webcast live through the company’s website at www.mihomes.com. M/I Homes is a leading builder of single-family homes, having sold over 120,300 homes across various markets including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and more.