M/I Homes Inc ( (MHO) ) has released its Q2 earnings. Here is a breakdown of the information M/I Homes Inc presented to its investors.
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M/I Homes, Inc. is a leading homebuilder in the United States, specializing in single-family homes across various regions including Ohio, Florida, Texas, and North Carolina. The company operates in the homebuilding industry, known for its extensive community presence and strategic land investments.
In its latest earnings report for the second quarter of 2025, M/I Homes announced record revenue and homes delivered, despite facing challenging market conditions. The company reported a 5% increase in revenue to $1.2 billion and a 6% increase in homes delivered, setting a new second-quarter record.
Key financial highlights include a decrease in pre-tax income by 18% to $160 million and a net income of $121 million, down from $147 million in the previous year. Shareholders’ equity reached a record $3.1 billion, marking a 12% increase from the previous year. However, new contracts saw an 8% decrease compared to last year’s second quarter, and the backlog sales value decreased by 22%.
Despite these mixed results, M/I Homes remains confident in its strategic direction, with a strong balance sheet and plans to grow its community count by approximately 5% this year. The company continues to navigate the uncertain market environment with a focus on maintaining robust fundamentals in the housing industry.
Looking ahead, M/I Homes’ management remains optimistic about the company’s ability to adapt to market challenges, supported by a solid financial position and strategic investments in operations.