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Mar 31, 2021
M/I Homes Q1 2021 Earnings Report
M/I Homes reported record-setting first quarter results, marked by substantial growth in new contracts, homes delivered, and pre-tax income.
Key Takeaways
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.
New contracts increased by 49% to 3,109, marking an all-time quarterly record.
Backlog units increased by 68% to 5,479, also an all-time quarterly record.
Revenue increased by 43% to $828.8 million, setting a first quarter record.
Net income increased by 167% to $84.9 million ($2.85 per diluted share).
Revenue by Segment
Forward Guidance
Company has tremendous momentum and are very well positioned to have another outstanding year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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