$114.040
-9.214 (-8.08%)收盤時
MHO 資訊
MHO 事件
Q3 Homes Delivered Decreased 2% to 2,241
Reports Q3 homes delivered decreased 2% to 2,241.
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."
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.
Company Reports Q1 Revenue of $921M
Reports Q1 revenue $921M, consensus $921.7M. Reports Q1 new contracts increased 3% to 2,350 and homes delivered decreased 3% to 1,914. Robert Schottenstein, CEO and President, commented, "In the face of challenging market conditions, we produced very solid first quarter results - led by increased new contracts, gross margins of 22%, pre-tax income of 10%, and a return on equity of 12%. We continue to believe that long-term housing demand is supported by favorable demographic trends and an undersupply of housing. We have a strong financial position with record shareholders' equity of $3.2B, cash of $767M, and no borrowings under our $900M credit facility. With a strong balance sheet, a diverse product offering, and well-located communities, we believe we are well positioned to continue delivering solid results despite all of the market uncertainty."
M/I Homes Q4 Revenue at $1.1B, Below Consensus
Reports Q4 revenue $1.1B, consensus $1.11B. Reports Q4 new contracts increased 9% to 1,921. Robert H. Schottenstein, CEO and President, commented, "2025 was a very solid year for M/I Homes. Despite the various macro-economic factors impacting new home demand, we were pleased to deliver 8,921 homes for the year, produce $527M of pretax income, generate a 12% pretax income return, as well as a 13% return on equity. We ended the year in excellent financial condition with record shareholders' equity of $3.2B, cash of $689M, zero borrowings under our $900M credit facility, a homebuilding debt to capital ratio of 18% and a net debt to capital ratio of zero."
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