M/I Homes Q2 net income up 97% to $107.6M; authorizes $100M share repurchase

M/I HOMES, INC.

2021-Q2 EPS reported $6.43 revenue$1,789,816,000

Net income $107.6M ($3.58 EPS), up 97% YoY; revenue $961M, up 35%.
Homes delivered 2,258 (+23%); new contracts 2,267 (Q2 record); backlog units 5,488 (+49%).
Gross margin improved 320 bps to 25.1%; pre-tax income margin 14.7% vs 10.0% last year.
Board authorized $100M share repurchase, replacing prior $50M program; no expiration date.
Shareholders' equity record $1.5B, book value $50/share; homebuilding debt to capital 31%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.