earnings
confidence high
sentiment negative
materiality 0.70
M/I Homes Q1 net income drops 20% to $111M; deliveries down 8% YoY
M/I HOMES, INC.
2025-Q1 EPS reported
$3.98
revenue$976,093,000
- Net income $111M ($3.98 diluted EPS) vs $138M ($4.78) in Q1 2024; pre-tax income down 19% to $146M.
- Revenue $976M (-7% YoY) on 1,976 homes delivered (-8%); new contracts 2,292 (-10%).
- Backlog value $1.56B (-13%), units 2,847 (-16%), avg price $548k (+4%).
- Record equity $3B, book value $112; repurchased $50M; cash $776M, zero on $650M line; debt-to-cap 19%.
- 226 communities (record); expects avg 5% community growth; gross margin 25.9%, pre-tax margin 15%, ROE 19%.