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. reports developments as a public single-family homebuilder with homebuilding operations across the Midwest, Mid-Atlantic and Southern markets. Its updates commonly cover new contracts, homes delivered, backlog, community count, revenue, gross margin, inventory and warranty charges, earnings, book value, return on equity and balance-sheet liquidity.
Company news also includes capital-allocation actions such as common-share repurchases, amendments to its unsecured revolving credit facility and governance changes involving the board of directors. M/I Homes' financial services operations support homebuyers through mortgage loans and title services tied to its homebuilding business.
M/I Homes, Inc. (NYSE:MHO) has announced a webcast for its third quarter earnings on October 30, 2024, at 10:00 AM Eastern Time. The webcast will be accessible live over the internet at http://www.mihomes.com. For those unable to participate live, an archived version will be available on the same website. The company is expected to report its third quarter earnings before the market opens on the same day.
M/I Homes is a leading homebuilder of single-family homes with operations in various states including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Interested parties can contact Ann Marie Hunker or Mark Kirkendall for more information.
M/I Homes (NYSE:MHO) reported record-breaking results for Q2 2024. Highlights include:
- Revenue up 9% to $1.1 billion
- Net income increased 24% to $146.7 million ($5.12 per diluted share)
- Homes delivered up 12% to 2,224
- New contracts increased 3% to 2,255
- Backlog sales value up 3% to $1.82 billion
The company achieved all-time quarterly records in income, gross margins (28%), and pre-tax margins (17.5%). M/I Homes ended the quarter with record shareholders' equity of $2.7 billion, a 19% increase year-over-year, and a strong financial position with $837 million in cash and a net-debt-to-capital ratio of negative 6%.
M/I Homes (NYSE: MHO) will hold a webcast announcing their second quarter earnings on July 30, 2024, at 10:30 AM Eastern Time. Investors can access the live webcast through the company's website. The webcast will be archived for later viewing. The company is expected to report its second quarter earnings before the market opens on the same day. M/I Homes operates as a leading homebuilder in multiple regions across the United States, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. For more information, contact Ann Marie Hunker or Mark Kirkendall at the provided contact details.
M/I Homes (NYSE:MHO) announced a new share repurchase authorization of up to $250 million, replacing the previous authorization with $103 million remaining as of April 30, 2024.
The repurchase can occur via open market or privately negotiated transactions, adhering to applicable laws. Management will decide the timing and amount based on market price, business conditions, and other factors. The authorization has no expiration date and can be modified or suspended anytime.
M/I Homes is a leading builder of single-family homes, operating across various states, including Ohio, Texas, and Florida.
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