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Dec 31, 2024
M/I Homes Q4 2024 Earnings Report
M/I Homes reported record fourth quarter homes delivered and income, with revenue up 24% and net income increasing 27%.
Key Takeaways
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%.
Record fourth quarter homes delivered and income achieved.
New contracts increased 11% to 1,759.
Homes delivered increased 19% to 2,402.
Revenue increased 24% to $1.2 billion.
M/I Homes
M/I Homes
M/I Homes Revenue by Segment
Forward Guidance
M/I Homes believes the industry will continue to benefit from strong fundamentals, including favorable demographic trends and an undersupply of housing as they begin 2025.
Positive Outlook
- Strong industry fundamentals
- Favorable demographic trends
- Undersupply of housing
- Excellent financial condition
- Record shareholders’ equity
Challenges Ahead
- Economic environment risks
- Interest rate risks
- Resource availability risks
- Competition risks
- Market concentration risks