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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 first quarter of 2024 net earnings per share of $4.78 an increase by 31.32 % year on year from $3.64 and an improvement of 35.07 % from $3.54 realized in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 4.78 $  1,047 Mill
$+1.14     +31.32 % $+46M     +4.61 %



Mi Homes Inc 's Revenue rose by 4.61 % in first quarter of 2024 (Mar 31 2024) year on year, to $1,047 million and advanced by 7.62 % sequentially.


Mi Homes Inc is

More on MHO's Income Statement



Mi Homes Inc 's net income of $138.061 million in the first quarter of 2024 increased by 33.95 % from net earnings of $103.066 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 31.13 % from net income of $105.282 million realized in previous quarter.

More on MHO's Growth

Mi Homes Inc Inventories
Inventories grew by 4.39 % to $2,774 million from I. Quarter a year ago, sequentially inventories fell by -0.82 %. MHO's Cash flow In the first quarter of 2024 company's net cash flow was $137 million, capital expenditures grew by -2.079-86.72%, to $0 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 $ 14.41 cash per share, on a free-cash flow basis 83.51 % of net earning per share.

Book value grew by 4.19 % sequentially to $91.35 per share, 82.36% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 90.78 per share from $ 87.10.

Company issued 0.18 million shares or 0.63 % in Mar 31 2024.
Debt Coverage Ratio was 3.04.

More on MHO's Dividends

 Market Capitalization (Millions) 4,281
 Shares Outstanding (Millions) 29
 Total Debt (Millions $) 241
 Revenue (TTM) (Millions $) 4,080
 Net Income (TTM) (Millions $) 500
 Cash Flow (TTM) (Millions $) 328
 Capital Exp. (TTM) (Millions $) -4
 Dividend TTM ($) 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 $ 14.41 cash flow per share, on a free-cash flow basis 83.51 % of net earning per share.

Book value grew by 4.19 % sequentially to $91.35 per share, 82.36% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 90.78 per share from $ 87.10.

Company issued 0.18 million shares or 0.63 % in Mar 31 2024.
Debt Coverage Ratio was 3.04.

More on MHO's Balance Sheets

 Market Capitalization (Millions) 4,281
 Shares Outstanding (Millions) 29
 Total Debt (Millions $) 241
 Revenue (TTM) (Millions $) 4,080
 Net Income (TTM) (Millions $) 500
 Cash Flow (TTM) (Millions $) 328
 Capital Exp. (TTM) (Millions $) -4
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,008
   


  News about Mi Homes Inc Earnings

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. ...

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: 2024-04-26T21:04:08+00:00





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