earnings
confidence high
sentiment neutral
materiality 0.70
M/I Homes Q2 revenue up 5%, net income down 18%; backlog sales down 22%
M/I HOMES, INC.
2025-Q2 EPS
reported $8.40
vs consensus $4.48
▲ beat
(+87.7%)
- Revenue $1.2B (+5%), homes delivered 2,348 (+6%), both Q2 records.
- Net income $121M ($4.42 EPS) vs $147M ($5.12 EPS) in Q2 2024; pre-tax income $160M (-18%).
- New contracts 2,078 (-8%), backlog sales value $1.43B (-22%), cancellation rate 13% vs 10%.
- Shareholders' equity $3.1B (+12%), book value $117; repurchased $50M of stock.
- Zero borrowings on $650M credit facility, cash $800M, homebuilding debt-to-cap 18%, net debt-to-cap -3%.