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 (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, Inc. (NYSE: MHO) reported strong first-quarter results for 2023, with revenues soaring 16% to a record $1.0 billion. Pre-tax income rose 11% to $136 million, and net income climbed 12% to $103.1 million ($3.64 per diluted share). Homes delivered increased 10% to 2,007, with an average sales price of $486,000. The company recorded an all-time high in shareholders' equity of $2.2 billion, reflecting a 28% year-over-year growth. However, new contracts fell 14% to 2,171, and backlog sales decreased significantly, showing a 38% decline to $1.7 billion. The cancellation rate also rose to 13% from 7% in Q1 2022. Despite challenging market conditions, M/I Homes remains optimistic about future demand due to strong fundamentals.
M/I Homes, Inc. (NYSE: MHO) has scheduled a webcast to announce its first quarter earnings on April 26, 2023, at 4:00 p.m. Eastern Time. Stakeholders can access the live presentation via the company’s website at www.mihomes.com. The earnings report will be released before the market opens on the same day. This event is part of M/I Homes' ongoing commitment to transparency with its investors, focusing on performance metrics pertinent to the homebuilding sector, where the company operates in multiple key markets including Ohio, Indiana, Illinois, and Florida. The webcast will provide valuable insights for investors looking to evaluate M/I Homes' financial health and market position.
M/I Homes, Inc. (NYSE: MHO) reported strong fourth quarter 2022 results with record revenue and net income. Homes delivered rose 3% to 2,384, and revenue increased 16% to $1.2 billion. Pre-tax income and net income both grew by 16% and 15% respectively. However, new contracts fell sharply by 44% to 985, and backlog sales value decreased 28% to $1.7 billion. For the full year, revenue was a record $4.1 billion, a 10% increase, while net income reached $490.7 million, up 24%. The company noted challenges from rising interest rates but maintains confidence in the housing market's long-term outlook due to favorable demographics.
M/I Homes, Inc. (NYSE:MHO) announced its entry into the Fort Myers/Naples, Florida market on January 25, 2023. Kevin Brown has been appointed Area President to lead this expansion. The company plans to open its first community shortly and expects two additional communities by mid-year. CEO Robert H. Schottenstein expressed optimism about the growth potential in this dynamic region, building on the success of existing operations in Orlando, Tampa, and Sarasota. M/I Homes is recognized as one of the nation's top homebuilders, with a presence across several major U.S. markets.
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