earnings
confidence high
sentiment neutral
materiality 0.75
M/I Homes Q4 net income $105.3M ($3.66 EPS); new contracts surge 61%
M/I HOMES, INC.
2023-FY EPS reported
$16.21
revenue$4,033,502,000
- Q4 revenue $972.6M (-20% YoY); full-year revenue $4.0B (-2%).
- Q4 net income $105.3M vs $130.4M; diluted EPS $3.66 vs $4.65.
- New contracts Q4 up 61% to 1,588; full-year up 20% to 7,977.
- Backlog sales value $1.6B (-7%); cancellation rate improved to 13% from 30%.
- Record shareholders' equity $2.5B ($91 book value/share); debt-to-capital 22%.