earnings
confidence high
sentiment positive
materiality 0.75
M/I Homes Q3 net income up 24% to $91M ($3.03 EPS); enters Nashville market
M/I HOMES, INC.
2021-Q3 EPS reported
$9.46
revenue$2,694,135,000
- Revenue record $904M (+7% YoY); gross margin 24.5% (+160 bps); ROE 27%.
- Net income $91M ($3.03 diluted EPS) vs $73.5M ($2.51) in Q3 2020; includes $9.1M debt extinguishment charge.
- Backlog units record 5,407 (+20%); backlog value $2.5B (+40%); community count down 15% to 176.
- Issued $300M 3.95% senior notes due 2030; repurchased $16M shares; homebuilding debt to capital 31%.
- Announced market entry to Nashville, TN; operations commencing.