M/I Homes Inc

M/I Homes Inc(MHO)资讯与事件

$123.300

+10.012 (+8.12%)收盘时

MHO 资讯

MHO 事件

10/21 08:00

Company Reports Q3 Revenue of $1.1B, Below Expectations

Reports Q3 revenue $1.1B, consensus $1.11B. These results include pre-tax inventory charges of $4.7M or 14c per diluted share. Robert Schottenstein, Chief Executive Officer and President, commented, "Our third quarter results reflect increasingly difficult market conditions, including higher mortgage interest rates, weaker demand and growing economic uncertainty. Notwithstanding these conditions, we produced fairly solid results generating $87 million of pre-tax income, equating to an 8% return. Despite the current conditions, we remain confident in the long-term fundamentals of the housing industry. Our financial condition is excellent, is highlighted by a very strong balance sheet with record shareholders' equity of $3.3 billion, no borrowings under our $900 million unsecured credit facility, cash of $621 million, a homebuilding debt-to-capital ratio of 18%, and a net debt-to-capital ratio of 2%. We are well positioned to manage through this current cycle given the strength of our balance sheet, low debt levels, diverse product offerings and well-located communities."

10/21 08:00

Q3 Homes Delivered Decreased 2% to 2,241

Reports Q3 homes delivered decreased 2% to 2,241.

8/12 16:30

M/I Homes Approves $250M Share Repurchase

M/I Homes announced that its Board of Directors approved a share repurchase authorization, pursuant to which the company may purchase up to $250M of its common shares. The $250M authorization replaces the company's prior authorization.

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