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Sep 30, 2024
M/I Homes Q3 2024 Earnings Report
M/I Homes reported record third quarter homes delivered, revenue, and income.
Key Takeaways
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.
Homes delivered increased 8% to 2,271, a record for the third quarter.
Revenue increased 9% to a record $1.1 billion.
Net income increased 5% to $145.4 million, or $5.10 per diluted share.
Shareholders’ equity reached a record $2.8 billion, a 17% increase year-over-year.
Revenue by Segment
Forward Guidance
M/I Homes is positioned to have a very strong 2024, given its performance, strong balance sheet, low debt levels, diverse product offerings, and well-located communities.
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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