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Mi Homes Inc   (MHO)
Other Ticker:  
 
    Sector • Capital Goods    Industry • Construction Services


 

Mi Homes Inc

MHO's Financial Statements and Analysis



Mi Homes Inc reported in the forth quarter of 2023 net earnings per share of $3.54 a decrease by -25.58 % year on year from $4.76 and decline of -26.58 % from $4.82 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 3.54 $  973 Mill
$-1.22     -25.58 % $-244M     -20.08 %



Mi Homes Inc 's Revenue fell by -20.08 % in forth quarter of 2023 (Dec 31 2023) year on year, to $973 million and declined by -7.05 % sequentially.


Mi Homes Inc is

More on MHO's Income Statement



Mi Homes Inc 's net income of $105.282 million in the forth quarter of 2023 decreased by -19.26 % from net earnings of $130.395 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -24.27 % from net income of $139.016 million realized in previous quarter.

More on MHO's Growth

Mi Homes Inc Inventories
Inventories declined by -1.11 % to $2,797.15 million from IV. Quarter a year ago, sequentially inventories rose by 2.07 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-3 million, capital expenditures grew by -5.455-78.81%, to $-1 millions compare to same quarter a year ago

More on MHO's Cash flow Statement


Mi Homes Inc does not pay out common stock dividend.

In trailing twelve-month period Mi Homes Inc earned $ 19.23 cash per share, on a free-cash flow basis 119.31 % of net earning per share.

Book value grew by 4.23 % sequentially to $87.67 per share, 92.53% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 87.10 per share from $ 83.55.

Company repurchased 0.13 million shares or 0.45 % in Dec 31 2023.
Debt Coverage Ratio was 2.8.

• More on MHO's Dividends

 Market Capitalization (Millions) 3,317
 Shares Outstanding (Millions) 29
 Total Debt (Millions $) 185
 Revenue (TTM) (Millions $) 4,034
 Net Income (TTM) (Millions $) 465
 Cash Flow (TTM) (Millions $) 421
 Capital Exp. (TTM) (Millions $) -6
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,008




Mi Homes Inc does not pay out common stock dividend.

In trailing twelve-month period Mi Homes Inc had $ 19.23 cash flow per share, on a free-cash flow basis 119.31 % of net earning per share.

Book value grew by 4.23 % sequentially to $87.67 per share, 92.53% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 87.10 per share from $ 83.55.

Company repurchased 0.13 million shares or 0.45 % in Dec 31 2023.
Debt Coverage Ratio was 2.8.

• More on MHO's Balance Sheets

 Market Capitalization (Millions) 3,317
 Shares Outstanding (Millions) 29
 Total Debt (Millions $) 185
 Revenue (TTM) (Millions $) 4,034
 Net Income (TTM) (Millions $) 465
 Cash Flow (TTM) (Millions $) 421
 Capital Exp. (TTM) (Millions $) -6
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,008
   


  News about Mi Homes Inc Earnings

Unveiling the Troubling Downward Spiral: A Comprehensive Analysis of Mi Homes Inc.'s Bleak Financial Performance



Mi Homes Inc. (MHO), a prominent player in the Construction Services industry, experienced a significant decline in key financial metrics during the October to December 31, 2023 interval. This bearish article aims to provide a detailed analysis of the company's poor performance, including a drop in earnings per share, income, revenue, and operating earnings. Furthermore, it will address the decrease in earnings per share and revenue in the previous financial period and highlight the recent decline in Mi Homes Inc.'s shares. These factors collectively contribute to the bearish sentiment surrounding the company's future prospects.
Declining Financial Performance:
Mi Homes Inc.'s earnings per ...

Mi Homes Inc Soars to New Heights with a 3.302% Revenue Increase in Q3 2023

Mi Homes Inc, a leading Construction Services company, recently announced i...

Mi Homes Inc Reports a 2.56% Decrease in Revenue for Q2 2023, Diverging from Construction Services Sector's Growth


Date: October 10, 2023

In a surprising turn of events, leading Construction Services company, Mi Homes Inc, announced disappointing earnings for the most recent fiscal period. The company witnessed a decline in both its earnings per share (EPS) and revenue, dampening investors' sentiments. However, it is crucial to examine these financial results in the context of the larger market trends to gain a comprehensive understanding of the company's performance.
Financial Performance:
Mi Homes Inc experienced a deteriorated EPS of -13.99%, falling to $4.12 from $4.79. Similarly, its revenue depreciated by -2.56% to $1.01 billion in the most recent fiscal period compared to the previous year. A...


Date modified: 2024-02-17T00:09:19+00:00





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