M/I HomesNYSE: MHO

COLUMBUS, Ohio , Oct. 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2024. 2024  Third Quarter Highlights: Record third quarter homes delivered, revenue, and income Homes delivered increased 8% to 2,271 Revenue increased 9% to $1.1 billion Pre-tax income increased 6% to $188.7 million, 16.5% of revenue Net income increased 5% to $145.4 million ($5.10 per diluted share) Shareholders' equity reached an all-time record $2.8 billion, a 17% increase from a year ago, with book value per share of $105 New contracts were 2,023, compared to 2,021 in last year's third quarter Repurchased $50 million of common stock Return on equity of 20% The Company reported pre-tax income of $188.7 million and net income of $145.4 million ($5.10 per diluted share), both third quarter records.

M/I Homes, Inc. (MHO) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Phil Creek – Executive Vice President and Chief Financial Officer Bob Schottenstein – President and Chief Executive Officer Derek Klutch – President-Mortgage Company Conference Call Participants Alan Ratner – Zelman Kenneth Zener – Seaport Research Alex Barron – Housing Research Center Buck Horne – Raymond James Jay McCanless – Wedbush Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.

MHO's third-quarter 2024 results are likely to gain from Smart Series, land position and solid balance sheet amid higher expenses.

In the closing of the recent trading day, M/I Homes (MHO) stood at $158.26, denoting a +0.11% change from the preceding trading day.

In the latest trading session, M/I Homes (MHO) closed at $171.82, marking a -1.77% move from the previous day.

M/I Homes, Inc. MHO stock has been rallying of late, gaining 36.8% over the past three months. This Scottsdale, AZ-based company's shares have also performed better than the Zacks Building Products - Home Builders industry's 29.4% rise.

COLUMBUS, Ohio , Oct. 8, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What:    M/I Homes, Inc. Announces Third Quarter Webcast When:    October 30, 2024 @ 10:00AM Eastern Time Where:    http://www.mihomes.com  How:        Live over the Internet -- Simply log on to the web at the address above  Contact: Ann Marie Hunker, Vice President, Chief Accounting Officer, Controller of M/I Homes, Inc.,    [email protected], or 614-418-8225 Mark Kirkendall, Vice President, Treasurer of M/I Homes, Inc.,     [email protected], or 614-418-8021      If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.mihomes.com The company is expected to report third quarter earnings before the market opens on Wednesday, October 30, 2024.   M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes.

In the latest trading session, M/I Homes (MHO) closed at $172.34, marking a +0.57% move from the previous day.

SKM, MHO and NXGPY made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 27, 2024.