earnings
confidence high
sentiment positive
materiality 0.70
M/I Homes reports record Q3: deliveries +8%, revenue $1.1B, EPS $5.10
M/I HOMES, INC.
2024-Q3 EPS reported
$14.99
revenue$3,299,393,000
- Deliveries rose 8% YoY to 2,271; revenue hit a record $1.1B (+9%).
- Pre-tax income record $188.7M (16.5% margin); net income $145.4M, $5.10 diluted EPS.
- Shareholders' equity $2.8B (record), book value $105/share; repurchased $50M stock.
- Backlog average sales price record $544,000; backlog units 3,174 (-8%).
- Homebuilding debt-to-capital 20%; net-debt-to-capital negative 1%; ROE 20%.