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.

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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.

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MHO, AAWW, CVLG, and TUP made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 16, 2021.

Top Ranked Value Stocks to Buy for August 16th

M/I Homes: A Small But Fast-Growing Homebuilder

COLUMBUS, Ohio, Aug. 9, 2021 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced today the pricing of its offering of $300 million aggregate principal amount of 3.950% senior notes due 2030 (the "New Senior Notes") at 100% of par. The New Senior Notes will mature on February 15, 2030.

M/I Homes Announces Pricing of $300 Million of Senior Notes due 2030

COLUMBUS, Ohio, Aug. 9, 2021 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced today that it plans to offer, subject to market and other conditions, $300 million aggregate principal amount of senior notes due 2030 (the "New Senior Notes") in an unregistered offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act").  The offering of the New Senior Notes has not been registered under the Securities Act or any state securities laws, and the New Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

M/I Homes, Inc. Announces Proposed Offering of Senior Notes

The housing market is back on track stronger than ever, and MHO has strengthened its competitive position with improved fundamentals and stellar growth. Despite the gap in RoI between the company and DHI, the homebuilding leader, MHO, has made remarkable progress in improving its RoI.

M/I Homes: And The Growth Story Goes On

M/I Homes, Inc. (MHO) CEO Robert Schottenstein on Q2 2021 Results - Earnings Call Transcript

M/I Homes Inc (NYSE: MHO) reported second-quarter revenue growth of 35% year-over-year to $961 million, beating the consensus of $853.82 million. Revenue from Housing $927.51 million (+33.5% Y/Y), Land $4.9 million (+998% Y/Y) and Financial services $28.64 million (+50.3% Y/Y).

M/I Homes Stock Gains On Q2 Earnings Beat, Improved Margins

M/I Homes (MHO) delivered earnings and revenue surprises of 64.22% and 25.94%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

M/I Homes (MHO) Beats Q2 Earnings and Revenue Estimates

COLUMBUS, Ohio, July 28, 2021 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three and six months ended June 30, 2021, and a $100 million share repurchase authorization. 2021 Second Quarter Highlights: New contracts were 2,267, a second quarter record Backlog units increased 49% to 5,488, an all-time record Backlog sales value reached $2.5 billion, an all-time record Homes delivered increased 23% to 2,258, an all-time quarterly record Revenue increased 35% to $961.0 million, an all-time quarterly record Pre-tax income increased 97% to $141.3 million, an all-time quarterly record Net income of $107.6 million ($3.58 per diluted share), a 97% increase compared to $54.5 million ($1.89 per diluted share) in 2020 Shareholders' equity reached an all-time record of $1.5 billion, a 34% increase from a year ago, with book value per share of $50 Homebuilding debt to capital of 31% compared to 37% at June 30, 2020 Return on equity improved to 27% For the second quarter, pre-tax income increased 97% to a record $141.3 million and net income increased 97% to $107.6 million, or $3.58 per diluted share.

M/I Homes Reports 2021 Second Quarter Results and $100 million Share Repurchase Authorization

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M/I Homes Inc. remains under the radar and is one of the smallest and fastest-growing players in the home building sector. A resilient housing market backed by record-low mortgage rates and strong homeownership demand contributes to further growth ahead.

M/I Homes: A Rising Homebuilding Star

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M/I Homes, Inc (MHO) CEO Robert Schottenstein on Q1 2021 Results - Earnings Call Transcript

M/I Homes (MHO) delivered earnings and revenue surprises of 119.23% and 25.82%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

M/I Homes (MHO) Beats Q1 Earnings and Revenue Estimates

COLUMBUS, Ohio, April 28, 2021 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three months ended March 31, 2021. 2021 First Quarter Highlights: New contracts increased 49% to 3,109 contracts, an all-time quarterly record Backlog units increased 68% to 5,479, an all-time quarterly record Backlog sales value reached $2.4 billion, an all-time quarterly record Homes delivered increased 35% to 2,019, a first quarter record Revenue increased 43% to $828.8 million, a first quarter record Pre-tax income increased 167% to $110.3 million, an all-time quarterly record First quarter net income of $84.9 million ($2.85 per diluted share), a 167% increase compared to $31.7 million ($1.09 per diluted share) in 2020 Shareholders' equity reached an all-time record of $1.4 billion, a 30% increase from a year ago, with book value per share of $46 Homebuilding debt to capital of 32% compared to 39% at March 31, 2021 For the first quarter of 2021, the Company reported pre-tax income of $110.3 million and net income of $84.9 million, or $2.85 per diluted share.

M/I Homes Reports 2021 First Quarter Results

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As real estate prices rise on the back of depressed supply and high demand, home buyers are finding it difficult to land a deal.

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Homebuilders' sentiment is considerably higher compared to recent years. M/I Homes stock is quite undervalued considering the current multiples and DCF model.

M/I Homes: Attractive Growth Coupled With An Undervalued Stock

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 M/I Homes (MHO) Stock?

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M/I Homes demonstrates strong revenue and income growth over the past decade and is likely to outperform competition in the future. M/I Homes operates in some of the fastest-growing U.S. real estate markets.

News for M/I Homes Stock (MHO)