M/I HOMES INC Stock Price, News & Analysis

M/I Homes, Inc. (NYSE: MHO) has priced its offering of $300 million in 3.950% senior notes due February 15, 2030, at par. The offering is available to qualified institutional buyers under Rule 144A and is unregistered under the Securities Act. Proceeds will be used to redeem $250 million of existing 5.625% senior notes due 2025 and for general corporate purposes. The offering is expected to close on August 23, 2021, with redemption planned for August 24, 2021.

M/I Homes, Inc. (NYSE: MHO) announced a proposed offering of $300 million in senior notes due 2030, subject to market conditions. The company plans to use $250 million of the proceeds to redeem its 5.625% senior notes due 2025, with the remaining funds allocated for general corporate purposes. The offering will be conducted under Rule 144A and Regulation S, and is unregistered under the Securities Act. This announcement highlights M/I Homes' strategic financial management and ongoing commitment to its growth and corporate initiatives.

M/I Homes, Inc. reported a robust performance for Q2 2021, achieving record highs in net income, homes delivered, and revenue. Net income soared 97% to $107.6 million ($3.58/share), with revenue rising 35% to $961 million. The backlog of homes increased by 49% to 5,488 units, valued at $2.5 billion, reflecting strong demand. The company announced a $100 million share repurchase authorization, signaling confidence in future performance and commitment to shareholder value. The homebuilding debt to capital ratio improved to 31%, with shareholders' equity reaching an all-time high of $1.5 billion.

M/I Homes, Inc. (NYSE:MHO) has announced a webcast for its second quarter earnings scheduled for July 28, 2021, at 4:00 p.m. Eastern Time. Interested participants can access the live webcast by visiting www.mihomes.com. The company is set to report its earnings before the market opens on the same day. M/I Homes is a significant player in the single-family home market, having sold over 130,800 homes across multiple states including Ohio, Florida, Texas, and North Carolina.

M/I Homes, Inc. (NYSE:MHO) reported a remarkable performance for Q1 2021, achieving a 49% increase in new contracts, totaling 3,109, and a 68% rise in backlog units reaching 5,479. Revenue surged 43% to $828.8 million, while pre-tax income soared 167% to $110.3 million. Net income also increased 167% to $84.9 million ($2.85 per diluted share). Shareholders' equity hit an all-time high of $1.4 billion, and backlog sales value rose 82% to $2.4 billion. Cash reserves totaled $293 million, with no borrowings against a $500 million credit facility.

M/I Homes, Inc. (NYSE: MHO) announced a webcast for its First Quarter Earnings on April 28, 2021, at 4:00 p.m. ET. The company, a leading builder of single-family homes, has sold over 127,650 homes and operates in multiple markets across the U.S., including Ohio, Indiana, and Florida. The webcast can be accessed through the company's website, and an archive will be available for those who cannot attend live.

M/I Homes, Inc. (NYSE: MHO) reported stellar fourth quarter and full year 2020 results. New contracts surged 27% to a record 2,128, while homes delivered reached an all-time high of 2,242, a 17% increase. Revenue also hit a record $906 million, up 22%. Net income increased 92% to $80.1 million, marking significant growth for the company. For the full year, net income rose 88% to $239.9 million, with record shareholders' equity of $1.3 billion. The company is well-positioned for continued success in 2021, driven by low mortgage rates and high home demand.

M/I Homes, Inc. (NYSE:MHO) will hold a Webcast on February 2, 2021, at 4:00 p.m. ET to discuss its Fourth Quarter and Year-End Earnings. The call can be accessed live via the company's website. M/I Homes is a prominent builder of single-family homes in various locations, having sold over 125,500 homes to date. Their homes are marketed under the trade names M/I Homes and Showcase Collection, among others. The company operates in multiple states, including Ohio, Florida, Texas, and Michigan.

M/I Homes, Inc. (MHO) reported impressive third quarter results for 2020, achieving record highs in several key areas. New contracts surged 71% to 2,949, while backlog units climbed 54% to 4,503. Revenue reached $847.9 million, a 30% increase, and pre-tax income jumped 90% to $95.1 million. Net income soared 94% to $73.5 million, equivalent to $2.51 per diluted share. Shareholders' equity also hit a record of $1.2 billion, a 23% growth from the previous year. The company maintained a healthy financial position, with a debt to capital ratio of 36% and no borrowings on its credit facility.