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Dec 31, 2020
M/I Homes Q4 2020 Earnings Report
M/I Homes reported record fourth-quarter results, marked by substantial growth and record-setting financial achievements.
Key Takeaways
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.
New contracts increased 27% to a fourth quarter record of 2,128.
Homes delivered increased 17% to 2,242, an all-time quarterly record.
Backlog units increased 64% to 4,389, a fourth quarter record.
Revenue increased 22% to an all-time quarterly record of $906 million.
Revenue by Segment
Forward Guidance
M/I Homes is well-positioned for another strong year in 2021, given the strength of its record backlog and strong competitive position across its markets.
Positive Outlook
- Housing conditions are very good.
- The company has a record backlog.
- The company has a strong competitive position across its markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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