M/I Homes Q2 2023 Earnings Report

M/I Homes EPS Results

• Actual EPS: $4.12
• Consensus EPS: $2.45
• Beat/Miss: Beat by +$1.67
• One Year Ago EPS: N/A

M/I Homes Revenue Results

• Actual Revenue: $1.01 billion
• Expected Revenue: $822.80 million
• Beat/Miss: Beat by +$191.21 million
• YoY Revenue Growth: N/A

M/I Homes Announcement Details

• Quarter: Q2 2023
• Date: 7/26/2023
• Time: N/A

M/I Homes (NYSE:MHO), together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, multi-generational, and luxury homebuyers under the M/I Homes brand name. In addition, the company purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. Further, the company originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.