M/I Homes posted Q4 2025 results showing a drop in revenue and net income due to substantial inventory and warranty charges. New contracts grew modestly, while deliveries declined. The company ended the quarter with strong liquidity and more active communities.
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.