MHO
M/I Homes, Inc.133.26
-1.67-1.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.52BP/E (TTM)
7.82Basic EPS (TTM)
17.04Dividend Yield
0%Recent Filings
8-K
Q3 homes up, profits down
M/I Homes reported Q3 2025 results with homes delivered up 1% to a record 2,296, yet revenue dipped 1% to $1.1 billion amid challenging market conditions. Pre-tax income fell 26% to $140 million, hit by $7.6 million in inventory charges, while net income dropped to $106.5 million or $3.92 per diluted share. Backlog units plunged 31% to 2,189, but average sales price hit a record $553,000. Shareholders' equity climbed 11% to $3.1 billion; Moody's upgraded the rating to Ba1. Strong balance sheet. Credit facility extended to 2030 at $900 million.
8-K
Credit facility upsized to $900M
M/I Homes boosted its revolving credit facility to $900 million from $650 million via a Seventh Amendment on September 18, 2025, stretching maturity to 2030 with an accordion up to $1.05 billion. SOFR margins dropped to 150 basis points from 175, commitment fees to 25 basis points from 30, while advance rates on inventory rose modestly. No borrowings outstanding as of June 30, 2025, just $88.5 million in letters of credit. This liquidity flex bolsters homebuilding ops amid market flux.
10-Q
Q2 FY2025 results
M/I Homes, Inc. reported Q2 2025 results with revenue up 5% to $1.16B, a record for the quarter, driven by 6% higher home deliveries at 2,348 units despite affordability challenges. Net income fell 17% to $121M or $4.42 per diluted share, with gross margins down 320 bps to 24.7% due to increased incentives and lot costs. For H1 2025, revenue dipped 1% to $2.14B, net income declined 18% to $233M or $8.40 per diluted share, and home deliveries decreased 1% to 4,324 units. The company maintained a strong balance sheet with $800M in cash and 18% debt to capital ratio, while repurchasing $100M in shares. Southern operations saw softer demand, but financial services hit a quarterly revenue record. Backlog dropped 25% to 2,577 homes, with average sales price up 4%. M/I Homes plans to grow community count by 5% in 2025 amid ongoing market headwinds.
8-K
Q2 revenue hits record
M/I Homes reported Q2 2025 revenue up 5% to $1.2 billion, with homes delivered rising 6% to 2,348—a quarterly record—yet pre-tax income fell 18% to $160 million amid choppy markets. New contracts dropped 8% to 2,078, shrinking backlog 25% to 2,577 units worth $1.43 billion. Balance sheet shines: $800 million cash, zero credit facility draws. Solid margins hold firm.
8-K
Annual meeting elects directors
M/I Homes shareholders convened their 2025 Annual Meeting on May 14, electing Nancy J. Kramer, Yvette McGee Brown, and Robert H. Schottenstein as directors until the 2028 meeting. The vote advisory on executive compensation passed with 18.2 million for versus 3.5 million against, while Deloitte & Touche's appointment as auditors for the fiscal year sailed through with 23.4 million approvals. Continuity holds firm.
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