earnings
confidence high
sentiment positive
materiality 0.85
M/I Homes reports record Q2 net income of $146.7M ($5.12 EPS), revenue up 9% to $1.1B
M/I HOMES, INC.
2024-Q2 EPS reported
$9.90
revenue$2,156,484,000
- Net income record $146.7M ($5.12 diluted EPS) vs $118.0M ($4.12) in Q2 2023.
- Revenue record $1.1B, up 9% YoY; pre-tax income record $194.1M (17.5% margin).
- Gross margin 28% vs 25% a year ago; ROE solid at 21%.
- Shareholders' equity record $2.7B ($100/book share); cash $837M; net debt-to-cap negative 6%.
- Repurchased $50M of common stock during the quarter.