Recent Updates — MHO

M/I Homes reported third-quarter net income of $67 million ($2.56 diluted EPS), down from $107 million ($3.92) a year ago, as revenue declined 5% to $1.1 billion and homes delivered fell 2% to 2,241. Pre-tax income dropped 38% to $87 million after including $5 million in inventory charges, while new contracts decreased 2% to 1,861. The company repurchased $50 million of common stock during the quarter and reported record shareholders' equity of $3.3 billion with a homebuilding debt-to-capital ratio of 18%. M/I Homes is one of the nation's leading builders of single-family homes operating in multiple U.S. markets.

M/I Homes, Inc. reported second quarter 2026 financial results on July 29, 2026. Net income decreased to $79 million ($3.02 diluted EPS) from $121 million ($4.42 diluted EPS) in the prior year period, including $4.2 million in inventory charges. Revenue declined 9% to $1.06 billion as homes delivered fell 6% to 2,206 units. Conversely, new contracts rose 15% to a record 2,387, and shareholders' equity reached a record $3.2 billion with book value per share at $128. The company repurchased $50 million of common stock during the quarter. M/I Homes operates in the homebuilding industry, constructing single-family homes across multiple U.S. markets.