M/I Homes Earnings Reports

M/I Homes experienced a solid third quarter in 2025, achieving $140 million in pre-tax income and delivering a record 2,296 homes, despite challenging housing market conditions. However, net income and diluted EPS decreased compared to the third quarter of 2024. The company maintained a strong financial position with a low homebuilding debt-to-capital ratio and increased borrowing capacity.

M/I Homes, Inc. announced its second quarter 2025 results, reporting a net income of $121.2 million and diluted EPS of $4.42. The company achieved record second-quarter revenue of $1.16 billion and delivered a record 2,348 homes. Despite a decrease in new contracts and backlog value compared to the previous year, the company maintained strong gross margins and a robust balance sheet.

M/I Homes saw a drop in revenue and net income in Q1 2025 amid challenging market conditions. Despite the declines, the company maintained strong margins, set a record for shareholder equity, and held significant cash reserves.

M/I Homes announced record fourth quarter homes delivered and income. Revenue increased by 24% to $1.2 billion, and net income rose by 27% to $133.5 million ($4.71 per diluted share). New contracts increased 11% and homes delivered increased 19%.

M/I Homes announced a strong third quarter with record homes delivered, revenue, and income. Revenue increased by 9% to $1.1 billion, and net income increased by 5% to $145.4 million ($5.10 per diluted share). The company's financial condition remains strong, with record shareholders' equity of $2.8 billion.

M/I Homes announced record second-quarter results for 2024, with a 9% increase in revenue to $1.1 billion and a 24% increase in net income to $146.7 million ($5.12 per diluted share). The company's pre-tax income also reached an all-time quarterly record of $194.1 million. Additionally, shareholders' equity reached a record $2.7 billion.

M/I Homes announced record first quarter results with a 5% increase in revenue to $1.05 billion and a 34% increase in net income to $138.1 million, driven by a 17% increase in new contracts and an 8% increase in homes delivered. The company's financial condition remains strong, with record shareholders' equity and substantial cash reserves.

M/I Homes reported a decrease in revenue and net income for the fourth quarter of 2023, while new contracts saw a significant increase. The company's backlog decreased slightly, and the average sales price in backlog also declined. Despite these challenges, M/I Homes ended the year in a strong financial position with record shareholders' equity.

M/I Homes announced strong third quarter results, featuring record revenue of $1.0 billion, a 50% increase in new contracts, and a record net income of $139.0 million. The company's performance was supported by a solid 23% return on equity and a strong financial position, ending the quarter with record shareholders’ equity and substantial cash reserves.

M/I Homes announced its Q2 2023 results, which included a 21% increase in new contracts, a 7% decrease in homes delivered, and a 3% decrease in revenue to $1.0 billion. Net income was $118.0 million, or $4.12 per diluted share, a 14% decrease from the previous year. The company's financial condition remains strong, with record shareholders' equity of $2.3 billion and available liquidity in excess of $1 billion.

M/I Homes announced strong first quarter results with record revenue of $1.0 billion, a 16% increase, and record net income of $103.1 million, a 12% increase. Homes delivered increased by 10% to 2,007, and the average sales price increased by 6% to $486,000.

M/I Homes announced record fourth-quarter results, with revenue reaching $1.2 billion, a 16% increase year-over-year, and net income rising to $130.4 million, or $4.65 per diluted share. The company's performance was driven by a 3% increase in homes delivered, reaching an all-time quarterly record of 2,384, and an increase in average home closing price. However, new contracts decreased by 44% compared to the previous year.

M/I Homes announced record financial results for the third quarter of 2022. Revenue increased by 12% to $1.0 billion, pre-tax income increased by 43% to $167 million, and net income increased by 45% to $132 million ($4.67 per diluted share).

M/I Homes announced strong second-quarter results, with record net income of $137 million, a 27% increase year-over-year. Revenue also reached a second-quarter record of $1.0 billion, up 8% from the previous year. The company's backlog sales value increased by 9% to $2.7 billion, also a second-quarter record.

M/I Homes announced strong first quarter results with record revenue of $860.8 million, a 4% increase year-over-year. Pre-tax income increased by 11% to $122.3 million, and net income rose by 8% to $91.8 million ($3.16 per diluted share). The company's backlog also reached record levels, with backlog units increasing by 1% to 5,526 and backlog sales value increasing by 17% to $2.8 billion.

M/I Homes announced record results for the fourth quarter and year ended December 31, 2021. Fourth quarter revenue increased 16% to $1.1 billion, and net income increased 42% to $113.4 million ($3.83 per diluted share).

M/I Homes reported a 7% increase in revenue to a record $904.3 million for the third quarter of 2021. Net income increased by 24% to $91.0 million, or $3.03 per diluted share. The company's backlog sales value reached an all-time record of $2.5 billion, a 40% increase from the previous year.

M/I Homes announced record second quarter results with a 97% increase in net income, a 23% increase in homes delivered, and a 35% increase in revenue. The company also approved a $100 million share repurchase authorization.

M/I Homes reported a record-setting first quarter with a 49% increase in new contracts, a 35% increase in homes delivered, and a 167% increase in pre-tax income. The company's financial service business also produced record results, contributing to an improved pre-tax income percentage and a 25% return on equity.

M/I Homes announced record fourth-quarter results with a 22% increase in revenue to $906 million and a 92% increase in net income to $80.1 million, driven by strong growth in new contracts and homes delivered.

M/I Homes announced record results for the third quarter of 2020, with a 71% increase in new contracts, a 29% increase in homes delivered, and a 94% increase in net income. The company's backlog sales value increased 60% to a record $1.8 billion.

M/I Homes announced record second-quarter results, with new contracts increasing by 31%, backlog units up by 30%, and home deliveries rising by 19%. Revenue increased by 15% to $714 million, and net income increased by 80% to $54.5 million ($1.89 per diluted share).

M/I Homes announced record-setting first-quarter results, marked by a 79% increase in net income to $31.7 million and all-time quarterly records in new contracts and backlog sales value. The company's revenues, pre-tax income, homes delivered, and backlog units each improved by over 20% compared to the previous year.

M/I Homes reported a strong fourth quarter and year-end results for 2019. Fourth-quarter revenue increased by 3% to $742 million, and net income increased by 29% to $41.8 million, or $1.44 per diluted share. The company achieved record revenue of $2.5 billion for the full year, a 9% increase, and record homes delivered of 6,296, also a 9% increase.