M/I Homes posts Q4 net income $133.5M ($4.71 EPS), revenue up 24%; record full year

M/I HOMES, INC.

2024-FY EPS reported $19.71 revenue$4,504,670,000

Q4 net income $133.5M ($4.71 diluted EPS) vs $105.3M ($3.66) a year ago; revenue $1.2B (+24%).
Full year 2024: net income $563.7M ($19.71 EPS) on revenue $4.5B (+12%); homes delivered record 9,055 (+12%).
Pre-tax income $734M (+21%); pre-tax margin 16%; gross margin improved to 26.6% from 25.3% in 2023.
Shareholders' equity record $2.9B ($109 book value per share); homebuilding debt/capital 19% vs 22% at Dec 2023.
Repurchased $176M in stock during 2024; Q4 new contracts +11% to 1,759; backlog avg price record $553K.

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