M/I Homes Announces $250 million Share Repurchase Authorization

Core Viewpoint - M/I Homes, Inc. has announced a new share repurchase authorization allowing the company to buy back up to $250 million of its common shares, replacing the previous authorization which had$107 million remaining as of January 31, 2025 [1][2]. Company Overview - M/I Homes, Inc. is recognized as one of the leading homebuilders in the United States, with operations in various states including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee [3]. Share Repurchase Details - The share repurchase may occur through open market transactions, privately negotiated transactions, or other methods in compliance with applicable laws. The management will determine the timing and amount of purchases based on market conditions and other factors [2]. - The new authorization does not have an expiration date and can be modified, discontinued, or suspended at any time [2].