M/I HOMES INC Stock Price, News & Analysis

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.

M/I Homes, Inc. (NYSE:MHO) has announced a live webcast scheduled for February 1, 2023, at 4:00 p.m. Eastern Time, to discuss its fourth quarter and year-end earnings. The results will be reported before the market opens on the same day. Investors and analysts can access the webcast via the company's website. M/I Homes operates in various locations across the United States, including Ohio, Texas, and Florida, focusing on building single-family homes.

M/I Homes, Inc. (NYSE:MHO) reported record financial results for Q3 2022, with revenue rising 12% to $1.0 billion and pre-tax income climbing 43% to $167 million. Net income jumped 45%, reaching $132 million ($4.67 per diluted share). Despite a 1% decrease in homes delivered, the average sales price increased by 13% to $487,000. New contracts fell 31%, reflecting lower demand due to rising mortgage rates. Backlog units decreased 16% to 4,536, while shareholders' equity hit a record $1.9 billion, a 25% increase year-over-year.

M/I Homes, Inc. (NYSE:MHO) will host a webcast for its Third Quarter Earnings on October 26, 2022, at 4:00 p.m. Eastern Time. Investors can access the live event through the company's website at www.mihomes.com. The company is set to report its earnings before the market opens on the same day. M/I Homes is a prominent homebuilder with operations across several U.S. states including Ohio, Indiana, Illinois, and Texas.

M/I Homes, Inc. (NYSE: MHO) announces the appointment of Bruce A. Soll to its Board of Directors, effective August 18, 2022. Soll, previously Vice Chair International of LBrands, brings extensive public company leadership experience. His addition aims to enhance the board's expertise, as stated by Chairman and CEO Robert H. Schottenstein. M/I Homes operates in various U.S. markets, focusing on single-family homes. The announcement includes forward-looking statements that caution against predicting future performance due to inherent risks.

M/I Homes, Inc. (MHO) reported a strong second quarter for 2022, with revenues of $1.0 billion, an 8% increase, and record net income of $137 million, up 27% year-over-year. Despite a 6% decrease in homes delivered to 2,133, the average sales price rose 16% to $477,000. New contracts dropped 20% to 1,820, and backlog units fell 5% to 5,213. The company's shareholders' equity reached a record $1.8 billion, marking a 24% increase from 2021. CEO Robert Schottenstein acknowledged challenges from rising interest rates but emphasized a solid financial position and strong market fundamentals.

Installed Building Products, Inc. (NYSE: IBP) has appointed Robert H. Schottenstein as an independent director on its Board of Directors, expanding the board to nine members. Schottenstein previously served from April 2014 to March 2020 and brings over 40 years of real estate experience, currently leading M/I Homes, Inc. (NYSE: MHO) as Chairman and CEO. His familiarity with the residential construction sector and previous tenure at IBP is expected to contribute positively to the company’s strategic direction.