earnings
confidence high
sentiment positive
materiality 0.80
M/I Homes reports record Q4 net income $113.4M, EPS $3.83; FY revenue $3.7B
M/I HOMES, INC.
2021-FY EPS reported
$13.28
revenue$3,745,887,000
- Q4 homes delivered record 2,316 (+3% YoY); revenue $1.1B (+16%).
- Q4 pre-tax income $141.4M (+39%); net income $113.4M ($3.83/diluted) vs $80.1M ($2.71) in 2020.
- FY2021 net income $396.9M ($13.28/diluted) up 65% from $239.9M ($8.23) in 2020.
- Year-end backlog 4,835 units (+10%) with record sales value $2.4B, average price $490,000.
- Homebuilding debt/capital ratio improved to 30% from 34%; shareholders' equity $1.6B.