M/I Homes, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 24, 2024 at 12:30 pm
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M/I Homes, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 1,046.7 million compared to USD 1,000.53 million a year ago. Net income was USD 138.06 million compared to USD 103.07 million a year ago.
Basic earnings per share from continuing operations was USD 4.92 compared to USD 3.73 a year ago. Diluted earnings per share from continuing operations was USD 4.78 compared to USD 3.64 a year ago.
M/I Homes, Inc. is a builder of single-family homes. The Company designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. The company primarily constructs homes in planned development communities and mixed-use communities. It offers homes for sale in approximately 213 communities within 17 markets located in 10 states. The Company operates through two distinct operations: homebuilding and financial services. Its homebuilding operations are aggregated for reporting purposes into two reporting segments: the Northern and Southern regions. Its homebuilding division is engaged in the sale and construction of single-family attached and detached homes, acquisition and development of land, and the occasional sale of lots to third parties. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations.
M/I HOMES, INC. 
