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Mi Homes Inc   (MHO)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $124.8000 $2.16 1.761%
Day's High: $125.22 Week Perf: -4.61 %
Day's Low: $ 123.33 30 Day Perf: 3.75 %
Volume (M): 158 52 Wk High: $ 140.73
Volume (M$): $ 19,656 52 Wk Avg: $105.99
Open: $123.46 52 Wk Low: $69.41



 Market Capitalization (Millions $) 3,605
 Shares Outstanding (Millions) 29
 Employees 1,008
 Revenues (TTM) (Millions $) 4,080
 Net Income (TTM) (Millions $) 500
 Cash Flow (TTM) (Millions $) 328
 Capital Exp. (TTM) (Millions $) 4

Mi Homes Inc

The Company consists of two distinct operations: homebuilding and financial services. Our homebuilding operations are aggregated for reporting purposes into three reporting segments - the Midwest, Mid-Atlantic and Southern regions. Our financial services operations support our homebuilding operations by providing mortgage loans and title services to the customers of our homebuilding operations and is reported as its own segment.

We design, market, construct and sell single-family homes, attached townhomes, and condominiums to first-time, move-up, empty-nester and luxury buyers. In addition to home sales, our homebuilding operations generate revenue from the sale of land and lots. We use the term “home” to refer to a single-family residence, whether it is a single-family home or other type of residential property, and we use the term “community” to refer to a single development in which homes are constructed primarily in planned development communities and mixed-use communities. We are currently offering homes for sale in 150 communities within 13 markets located in eight states.

We offer mortgage banking services to our homebuyers through our 100%-owned subsidiary, M/I Financial, LLC.

We believe we have experienced management teams in each of our divisions with local market expertise. Our business requires in-depth knowledge of local markets to acquire land in desirable locations and on favorable terms, engage subcontractors, plan communities that meet local demand, anticipate consumer tastes in specific markets, and assess local regulatory environments. Although we centralize certain functions (such as accounting, human resources, legal, marketing, product development, purchasing administration, and risk management) to benefit from economies of scale, our local management, generally under the direction of an Area President and supervised by a Region President, exercises considerable autonomy in identifying land acquisition opportunities, developing and implementing product and sales strategies, and controlling costs.

Our residential communities are generally located in suburban areas that are easily accessible through public and personal transportation. Our communities are designed as neighborhoods that fit existing land characteristics. We strive to achieve diversity among architectural styles within a community by offering a variety of house models and several exterior design options for each model and preserve existing trees and foliage whenever practicable. Normally, homes of the same type or color may not be built next to each other. We believe our communities have attractive entrances with distinctive signage and landscaping and our added attention to community detail avoids a “development” appearance and gives each community a diversified neighborhood appearance.


We offer homes ranging from a base sales price of approximately $140,000 to $1,000,000 and from approximately 1,300 to 5,500 square feet. In addition to single-family detached homes, we also offer attached townhomes in most of our markets as well as condominiums in our Columbus and Washington, D.C. markets. By offering a wide range of homes, we are able to attract first-time, move-up, empty-nester and luxury homebuyers. It is our goal to sell more than one home to our buyers, and we believe we have had success in this pursuit.
We devote significant resources to the research, design and development of our homes to meet the demands of our buyers as well as the changing market requirements. Across all of our divisions, we currently offer over 630 different floor plans designed to reflect current lifestyles and design trends. In late 2012, we reintroduced our Showcase Collection in the Midwest, which is designed for our move-up, empty-nester and luxury homebuyers and offers more design options, larger floor plans, and a higher-end product line of homes in upscale communities. In 2014, our Showcase Collection expanded significantly in several of our markets. In addition, we are developing new plans and communities specifically for the growing empty-nester market. These plans (primarily ranch and main floor master bedroom type plans) focus on move-down buyers, are smaller in size, and feature outdoor living potential, fewer bedrooms, and better community amenities. We have value-engineered all of our product lines to reduce production costs and construction cycle times while adhering to our quality standards and using materials and construction techniques that reflect our commitment to more environmentally conscious homebuilding methods. It is a core value of M/I Homes to offer homes that are current in design and lifestyle trends. As a rule, our homebuilding divisions share successful plans with other divisions, when appropriate, for use in new markets.



   Company Address: 4131 Worth Avenue Columbus 43219 OH
   Company Phone Number: 418-8000   Stock Exchange / Ticker: NYSE MHO
   


Customers Net Income fell by MHO's Customers Net Profit Margin fell to

-4.11 %

19.21 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DHI   -3.45%    
KBH   -3.75%    
LEN   -4.45%    
MDC        0.11% 
NVR   -3.41%    
TMHC   -3.66%    
• View Complete Report
   



Mi Homes Inc

Mi Homes Inc Reports Strong Double Digit EPS Improvement of 31.32% in First Quarter of 2024 Earnings Season

The stock market has been a topic of great interest for individuals fascinated by finance and investment. With the first quarter of 2024 earnings season well underway, it is worth exploring some fascinating facts that have emerged from this period.
One company that has caught the attention of investors is Mi Homes Inc (MHO), as it has showcased impressive growth in its profit per share. In the first quarter of 2024, earnings per share surged by a staggering 31.32% to reach $4.78 per share. This jump is undoubtedly remarkable and demonstrates the company's ability to generate significant profits.

Mi Homes Inc

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 share for the October to December 31, 2023 period plummeted by -25.58%, falling from $4.76 to $3.54 compared to the same period the previous year. Additionally, the company experienced a -26.58% decrease in income, dropping from $4.82 per share in the prior financial reporting period to $3.54 per share. These declines indicate a concerning trend that demands investor attention.

Mi Homes Inc

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 its financial results for the third quarter of 2023. The company experienced a revenue increase of 3.302% to $1.05 billion compared to the same quarter of the previous year, where revenue was $1.01 billion. This growth can be attributed to the company's strong performance and effective business strategies.
In terms of earnings per share (EPS), Mi Homes Inc achieved a growth rate of 3.21%, with EPS rising to $4.82 from $4.67 in the prior year quarter. This increase highlights the company's ability to generate profit and deliver value to its shareholders.

Mi Homes Inc

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. Although this decline is concerning, it is important to note that this specific period faced certain challenges that adversely impacted the company's profitability.






 

Mi Homes Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Mi Homes Inc does not provide revenue guidance.

Earnings Outlook
Mi Homes Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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