M/I Homes(MHO)
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M/I Homes(MHO) - 2024 Q2 - Quarterly Report
2024-07-31 13:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________________ Commission File Number 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) Ohio 31-1210837 (State or other ju ...
M/I Homes(MHO) - 2024 Q2 - Earnings Call Transcript
2024-07-30 18:17
Good morning, ladies and gentlemen, and welcome to the M/I Homes Inc. Second Quarter Earnings Conference Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a questionand-answer session. [Operator Instructions] This call is being recorded on Wednesday, July 30, 2024. Phil Creek And as to forward-looking statements, I want to remind everyone that the cautionary language about forwardlooking statements contained in today's press release also applies to any comm ...
M/I Homes (MHO) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-30 13:40
This quarterly report represents an earnings surprise of 11.30%. A quarter ago, it was expected that this homebuilder would post earnings of $3.96 per share when it actually produced earnings of $4.78, delivering a surprise of 20.71%. M/I Homes, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.11 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $1.01 billion. The company has topped con ...
M/I Homes(MHO) - 2024 Q2 - Quarterly Results
2024-07-30 11:34
Exhibit 99.1 M/I Homes Reports 2024 Second Quarter Results Columbus, Ohio (July 30, 2024) - M/I Homes, Inc. (NYSE:MHO) announced results for the three and six months ended June 30, 2024. 2024 Second Quarter Highlights: • Homes delivered increased 12% to 2,224 • Revenue increased 9% to $1.1 billion, a second quarter record • Pre-tax income increased 25% to $194.1 million, 17.5% of revenue, all-time quarterly records • Net income increased 24% to an all-time quarterly record of $146.7 million ($5.12 per dilut ...
M/I Homes Reports 2024 Second Quarter Results
Prnewswire· 2024-07-30 11:30
COLUMBUS, Ohio, July 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three and six months ended June 30, 2024. Robert H. Schottenstein, Chief Executive Officer and President, commented, "We had a very strong second quarter highlighted by all-time quarterly records in income, gross margins and pre-tax margins. For the quarter, revenue increased by 9%, gross margins were 28% compared to 25% a year-ago, pre-tax margins were 17.5% compared to 15.3% a year ago, and pre-tax income im ...
Gear Up for M/I Homes (MHO) Q2 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-07-29 14:21
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights. The average prediction of analysts places 'Revenue- Homebuilding revenue' at $1.03 billion. The estimate suggests a change of +4.2% year over year. Analysts' assessment points toward 'New contracts - Total' reaching 2,364. The estimate compares to the yearago value of 2,197. Analysts forecast 'Number of a ...
M/I Homes (MHO) Gears Up for Q2 Earnings: What to Expect?
ZACKS· 2024-07-25 14:35
M/I Homes, Inc. (MHO) is scheduled to report second-quarter 2024 results on Jul 30, 2024, before market open. In the last reported quarter, the company's earnings and revenues topped the Zacks Consensus Estimate by 20.7% and 4.1%, respectively. On a year-over-year basis, earnings and revenues increased 31% and 5%, respectively. This homebuilding company's earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 19%. Trend in E ...
Here's Why M/I Homes (MHO) Fell More Than Broader Market
ZACKS· 2024-07-18 23:21
Market participants will be closely following the financial results of M/I Homes in its upcoming release. The company plans to announce its earnings on July 30, 2024. The company is predicted to post an EPS of $4.79, indicating a 16.26% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.05 billion, indicating a 3.71% upward movement from the same quarter last year. Our research shows that these estimate changes are directly correl ...
M/I Homes (MHO) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-07-12 23:20
The most recent trading session ended with M/I Homes (MHO) standing at $136.06, reflecting a +1.84% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.63%. Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2024. On that day, M/I Homes is projected to rep ...
M/I Homes, Inc. Announces Second Quarter Earnings Webcast
Prnewswire· 2024-07-08 11:45
What: M/I Homes, Inc. Announces Second Quarter Webcast When: July 30, 2024 @ 10:30AM Eastern Time How: Live over the Internet -- Simply log on to the web at the address above The company is expected to report second quarter earnings before the market opens on Tuesday, July 30, 2024. M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnes ...