M/I HOMES INC Stock Price, News & Analysis

M/I Homes, Inc. (NYSE:MHO) reported a strong first quarter for 2022, achieving record revenue of $860.8 million, up 4% year-over-year. Pre-tax income rose 11% to $122.3 million, and net income increased 8% to $91.8 million, equating to $3.16 per diluted share. Despite a 10% decline in homes delivered (1,823), the average sales price soared 16% to $457,000. Backlog units reached an all-time high of 5,526, with a backlog sales value of $2.8 billion, marking a 17% increase. Management emphasized strong demand for new homes amid labor and supply chain challenges.

M/I Homes, Inc. (NYSE: MHO) will hold a first quarter earnings webcast on April 27, 2022, at 4:00 p.m. Eastern Time. Investors can access the webcast via the company’s website.

The earnings report is scheduled to be released before the market opens on the same day. M/I Homes is recognized as a leading builder of single-family homes, operating across several key U.S. markets, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee.

M/I Homes, Inc. (NYSE:MHO) has announced an increase of $100 million to its existing share repurchase authorization, raising the total amount available to $148.5 million. The original authorization was established in July 2021, with $48.5 million remaining as of December 31, 2021. The company plans to execute these buybacks through various methods, subject to market conditions and legal requirements. Notably, the authorization has no expiration and can be modified or suspended at any time.

M/I Homes, Inc. (NYSE:MHO) reported strong financial results for Q4 and the full year of 2021. Q4 homes delivered reached an all-time record of 2,316, with revenue up 16% to $1.1 billion. Pre-tax income surged 39% to $141.4 million, and net income rose 42% to $113.4 million ($3.83 per diluted share). Full-year figures also set records: homes delivered at 8,638, revenue at $3.7 billion (up 23%), and net income at $396.9 million ($13.28 per diluted share). However, new contracts fell 4% year-over-year. The backlog units and sales value increased significantly, reflecting strong demand.

M/I Homes, Inc. (NYSE:MHO) will host a webcast on February 2, 2022, at 4:00 p.m. ET to discuss its fourth quarter and year-end earnings. The company, recognized as a leading builder of single-family homes, has sold over 135,000 homes and operates in multiple U.S. locations including Ohio, Indiana, Illinois, Florida, Texas, and North Carolina. Investors can access the live webcast via the company's website. Following the announcement, the earnings report will be made available before the market opens on the same day.

M/I Homes, Inc. (NYSE: MHO) announced the successful completion of its exchange offer for $300 million of 3.95% Senior Notes due 2030. As of the expiration date on November 12, 2021, 99.9% of the Original Notes had been validly tendered for exchange. The offer, which does not represent a new financing transaction, aimed to meet obligations under a registration rights agreement. Settlement is expected around November 18, 2021. M/I Homes is known for building single-family homes across multiple U.S. markets, having sold over 135,000 homes.

M/I Homes, Inc. (NYSE: MHO) has extended its registered exchange offer for $300 million of its 3.95% Senior Notes due 2030. Originally set to expire on November 4, 2021, the deadline is now extended to November 12, 2021. As of the original deadline, approximately $299.734 million of the notes, equating to 99.9% of the outstanding amount, had been tendered for exchange. This exchange facilitates a transition from privately placed notes to those registered under the Securities Act of 1933.

M/I Homes, Inc. (NYSE:MHO) reported a strong third quarter for 2021, with revenue reaching a record $904.3 million, a 7% increase year-over-year. Pre-tax income rose 22% to $116.2 million, despite a $9.1 million charge for early debt extinguishment. Net income surged 24% to $91.0 million, translating to $3.03 per diluted share. Backlog units grew 20% to 5,407, with a sales value of $2.5 billion, marking a 40% increase. The company also announced its expansion into Nashville, targeting new community openings in 2022. Shareholders’ equity reached an all-time high of $1.5 billion.

M/I Homes, Inc. (NYSE:MHO) has announced a webcast to discuss its third quarter earnings on October 27, 2021, at 4:00 p.m. Eastern Time. The earnings report is expected before the market opens on the same day. M/I Homes, a leading builder of single-family homes, has sold over 140,000 homes across various states, including Ohio, Indiana, Florida, and Texas. Interested parties can access the webcast at www.mihomes.com.