earnings
confidence high
sentiment negative
materiality 0.75
M/I Homes Q3 net income falls 27% to $106.5M ($3.92/sh); revenue down 1% to $1.1B
M/I HOMES, INC.
2025-Q3 EPS
reported $12.32
vs consensus $4.41
▲ beat
(+179.6%)
- Pre-tax income $139.8M (12% of revenue) vs $188.7M a year ago; includes $7.6M inventory charge.
- Deliveries up 1% to record 2,296 homes; new contracts fell 6% to 1,908; backlog value down 30% to $1.21B.
- Share repurchases of $50M; credit facility extended to 2030 and increased to $900M from $650M.
- Moody's upgraded credit rating to Ba1; shareholders' equity record $3.1B, book value per share $120.
- Cancellation rate rose to 12% from 10% a year ago; homebuilding net debt-to-capital at negative 1%.