M/I Homes

M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offer mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

Earnings data Q1 2021

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M/I Homes achieves record revenue in Q4 amidst contract challenges

M/I Homes delivered strong financial performance in Q4 2022, with record revenue and income, despite challenges in contract volumes.
Operational strengths in key markets and resilient mortgage operations position the company well for future growth.
While facing margin pressures, cost reductions and operational improvements present opportunities for enhanced profitability in 2023.

M/I Homes posts record Q1 revenue and income growth

M/I Homes reported a robust first quarter with record revenue and income growth, despite challenges in gross margins and macroeconomic uncertainties.
The company's strong balance sheet, performance in key markets, and focus on expanding community count position it well for continued success in 2023.
Addressing challenges in cost management and pricing strategies while capitalizing on growth opportunities will be crucial for sustaining momentum and profitability.

M/I Homes reports robust Q2 performance, eyes digital growth strategies

M/I Homes' Q2 performance reflects resilience in a challenging environment, with strategic initiatives driving growth. The company faces challenges in managing costs and maintaining margins but has opportunities for expansion in key markets and through digital marketing efforts.

M/I Homes reports stellar Q3 results amidst pricing challenges

M/I Homes excelled in Q3 with strong financials and market performance. Challenges ahead include pricing pressure and limited pricing power. Opportunities lie in community expansion and market share gains through strategic initiatives.

M/I Homes reports outstanding 2023 performance, eyes sustainable growth

M/I Homes delivered exceptional financial results in 2023, driven by strong sales performance and operational efficiency. While facing challenges in home closings and rising land costs, the company is well-positioned to capitalize on growth opportunities by focusing on quality products and operational enhancements.

M/I Homes achieves record Q1 results, eyes growth opportunities

M/I Homes delivered exceptional results in Q1, driven by strong sales and operational performance.
Despite challenges like increasing land costs, the company's solid balance sheet and growth strategy position it well.
Opportunities lie in market demand, new store openings, and product appeal.
Overall, M/I Homes is on track for continued growth and success in 2024.

M/I Homes achieves record Q2 performance amidst economic uncertainties

M/I Homes excelled in Q2 2024 with robust financial metrics and operational performance.
The company's strategic focus on liquidity, land control, and cost management positions it well for future growth.
Despite economic uncertainties, M/I Homes remains well-positioned to capitalize on opportunities for expansion and efficiency.

M/I Homes reports record Q3 performance amidst industry challenges

M/I Homes demonstrated resilience in a challenging environment, achieving record performance metrics and maintaining a strong financial position. Strategic initiatives like mortgage rate buydowns and focus on product diversification position the company for sustained growth. Addressing challenges from industry headwinds and natural disasters, M/I Homes remains focused on driving demand and expanding its market presence.

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M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offers mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy MI Homes (MHO) Stock?

M/I Homes benefit from robust earnings, strategic market positioning, and favorable seasonality trends. Trading at a significant discount to sector peers, M/I Homes offers an appealing entry point for investors seeking value. Fed policy shifts and rising competition in affordable housing could impact buyer confidence and compress margins.

M/I Homes: Riding The Housing Rebound With Strong Earnings And Growth Outlook

M/I Homes, Inc. (MHO) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Phil Creek – Executive Vice President and Chief Financial Officer Bob Schottenstein – President and Chief Executive Officer Derek Klutch – President-Mortgage Company Conference Call Participants Alan Ratner – Zelman Kenneth Zener – Seaport Research Alex Barron – Housing Research Center Buck Horne – Raymond James Jay McCanless – Wedbush Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.

M/I Homes, Inc. (MHO) Q3 2024 Earnings Call Transcript

M/I Homes (MHO) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $4.82 per share a year ago.

M/I Homes (MHO) Tops Q3 Earnings and Revenue Estimates

COLUMBUS, Ohio , Oct. 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2024. 2024  Third Quarter Highlights: Record third quarter homes delivered, revenue, and income Homes delivered increased 8% to 2,271 Revenue increased 9% to $1.1 billion Pre-tax income increased 6% to $188.7 million, 16.5% of revenue Net income increased 5% to $145.4 million ($5.10 per diluted share) Shareholders' equity reached an all-time record $2.8 billion, a 17% increase from a year ago, with book value per share of $105 New contracts were 2,023, compared to 2,021 in last year's third quarter Repurchased $50 million of common stock Return on equity of 20% The Company reported pre-tax income of $188.7 million and net income of $145.4 million ($5.10 per diluted share), both third quarter records.

M/I Homes Reports 2024 Third Quarter Results

MHO's third-quarter 2024 results are likely to gain from Smart Series, land position and solid balance sheet amid higher expenses.

Should M/I Homes Stock be Part of Your Portfolio Ahead of Q3 Earnings?

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for M/I Homes (MHO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.

Curious about M/I Homes (MHO) Q3 Performance? Explore Wall Street Estimates for Key Metrics

In the closing of the recent trading day, M/I Homes (MHO) stood at $158.26, denoting a +0.11% change from the preceding trading day.

Why the Market Dipped But M/I Homes (MHO) Gained Today

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In the latest trading session, M/I Homes (MHO) closed at $171.82, marking a -1.77% move from the previous day.

M/I Homes (MHO) Registers a Bigger Fall Than the Market: Important Facts to Note

M/I Homes, Inc. MHO stock has been rallying of late, gaining 36.8% over the past three months. This Scottsdale, AZ-based company's shares have also performed better than the Zacks Building Products - Home Builders industry's 29.4% rise.

M/I Homes Stock Rises 37% in Three Months: Still a Buy or Too Late?

COLUMBUS, Ohio , Oct. 8, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What:    M/I Homes, Inc. Announces Third Quarter Webcast When:    October 30, 2024 @ 10:00AM Eastern Time Where:    http://www.mihomes.com  How:        Live over the Internet -- Simply log on to the web at the address above  Contact: Ann Marie Hunker, Vice President, Chief Accounting Officer, Controller of M/I Homes, Inc.,    amhunker@mihomes.com, or 614-418-8225 Mark Kirkendall, Vice President, Treasurer of M/I Homes, Inc.,     mkirkendall@mihomes.com, or 614-418-8021      If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.mihomes.com The company is expected to report third quarter earnings before the market opens on Wednesday, October 30, 2024.   M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes.

M/I Homes, Inc. Announces Third Quarter Earnings Webcast

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Although a rise in land/labor costs and low residential construction spending pose risks, lower rates and better operating leverage are likely to drive homebuilders like LEN, PHM, NVR, MHO and CCS.

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In the latest trading session, M/I Homes (MHO) closed at $172.34, marking a +0.57% move from the previous day.

M/I Homes (MHO) Advances While Market Declines: Some Information for Investors

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M/I Homes (MHO) concluded the recent trading session at $168.80, signifying a -1.11% move from its prior day's close.

M/I Homes (MHO) Stock Slides as Market Rises: Facts to Know Before You Trade

Are Investors Undervaluing MI Homes (MHO) Right Now?

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Homebuilder stocks like PulteGroup (PHM), Meritage Homes (MTH), M/I Homes (MHO) and Century Communities (CCS) will get a boost from the Fed's recent rate cut.

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News for M/I Homes Stock (MHO)