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Dec 31, 2021
M/I Homes Q4 2021 Earnings Report
M/I Homes reported record fourth quarter with increased revenue and net income.
Key Takeaways
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).
Homes delivered increased 3% to 2,316, an all-time quarterly record.
Revenue increased 16% to an all-time quarterly record of $1.1 billion.
Pre-tax income increased 39% to $141.4 million, an all-time quarterly record.
Backlog units increased 10% to 4,835, a fourth quarter record.
Revenue by Segment
Forward Guidance
M/I Homes is well positioned to continue growing its business as it begins the year with a strong balance sheet, record backlog, solid housing demand and plans to open a record number of new communities.
Positive Outlook
- Strong balance sheet
- Record backlog
- Solid housing demand
- Plans to open a record number of new communities
Challenges Ahead
- Supply chain challenges are likely to persist
- Construction challenges are likely to persist
Historical Earnings Impact
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Avg. Return Before/After Earnings
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