M/I Homes, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the fourth quarter of 2013, the company reported net income to commons shareholders of $13,043,000, or $0.48 per diluted share. This compares to net income of $5,015,000, or $0.23 per diluted share for the fourth quarter of 2012. Net income for the fourth quarter of 2013 includes $1,600,000 of pre-tax asset impairment charges and a $1,200,000 non-operating benefit from the reversal of a portion of the company's state deferred tax asset valuation allowance. Total revenue was $336,307,000 against $250,911,000 a year ago. Operating income was $19,026,000 against $9,387,000 a year ago. Income before income taxes was $15,302,000 against $5,382,000 a year ago. Adjusted EBITDA was $26,537,000 against $18,215,000 a year ago. Cash used in operating activities was $33,538,000 against $30,674,000 a year ago.

For the year ended December 31, 2013, the company reported net income to commons shareholders of $145,577,000 or $5.24 per diluted share, compared to $13,347,000, or $0.67 per diluted share for the year ended December 31, 2012. Total revenue was $1,036,782,000 against $761,905,000 a year ago. Operating income was $58,693,000 against $28,830,000 a year ago. Income before income taxes was $41,335,000 against $12,759,000 a year ago. Book value per common share as on December 31, 2013 was $18.18 against $10.86 as on December 31, 2012. Adjusted EBITDA was $89,204,000 against $55,966,000 a year ago. Cash used in operating activities was $73,974,000 against $46,995,000 a year ago.

For the fourth quarter, the company reported pre-tax asset impairment charges of $1,568,000 against $1,626,000 a year ago.