M/I Homes, Inc. Stock News

COLUMBUS, Ohio , Feb. 11, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) today announced that its Board of Directors approved a new share repurchase authorization, pursuant to which the Company may purchase up to $250 million of its common shares. The $250 million authorization replaces the Company's prior authorization (which had $107 million of remaining availability as of January 31, 2025).

M/I Homes faces business challenges due to high mortgage rates, pressuring demand and margins forcing the use of rate buydowns as a key strategy. Q4 sequential results showed decelerating sales, increased rate buydowns, and gross margin compression, indicating potential challenges for 2025. The potential for rising land and labor costs, coupled with cautious share repurchase plans, add further ...

M/I Homes, Inc. (MHO) Q4 2024 Earnings Call January 29, 2025 10:30 AM ET Company Participants Phil Creek - Chief Financial Officer Bob Schottenstein - President and Chief Executive Officer Derek Klutch - President Conference Call Participants Alan Ratner - Zelman & Associates Ken Zener - Seaport Research Partners Buck Horne - Raymond James Jay McCanless - Wedbush Operator Good morning, ladies a...

COLUMBUS, Ohio , Jan. 29, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for its fourth quarter and year ended December 31, 2024. 2024  Fourth Quarter Results: Record fourth quarter homes delivered and income New contracts increased 11% to 1,759 Homes delivered increased 19% to 2,402 Revenue of $1.2 billion, up 24% Pre-tax income of $171 million, up 24% Net income increased 2...

Small-cap stocks typically outperform when investors value large-caps more.

M/I Homes remains a strong 'buy' due to attractive pricing, robust market position, and positive long-term growth, despite a recent 3.5% pullback. The company is a leading homebuilder in the US, operating in 17 markets with significant market share in key regions. Financial performance is solid with rising revenue and profitability, although operating cash flow saw a temporary dip due to workin...

COLUMBUS, Ohio , Dec. 10, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What:        M/I Homes, Inc. Announces Fourth Quarter and Year-End Webcast When:        January 29, 2025 @ 10:30AM 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 Presi...

M/I Homes benefit from robust earnings, strategic market positioning, and favorable seasonality trends. Trading at a significant discount to sector peers, M/I Homes offers an appealing entry point for investors seeking value. Fed policy shifts and rising competition in affordable housing could impact buyer confidence and compress margins.