The earnings call reflects a mixed performance for M/I Homes. While the company achieved record revenue and homes delivered, it faced challenges with declining new contracts, pretax income, and earnings per share due to higher interest rates and regional variability in market conditions. However, the strong financial position and growth in mortgage and title operations provide a positive outlook.

Company Guidance -

Q3 2025

During the M/I Homes Second Quarter Earnings Conference Call for fiscal year 2025, the company reported record second quarter revenue of $1.2 billion, a 5% increase from the previous year, and delivered 2,348 homes, marking a 6% increase. Despite an 18% decrease in pretax income to $160.1 million due to a decline in gross margins to 25%, the company maintained a 14% pretax income return. New contracts were down 8% compared to the previous year, with a sequential improvement noted from May to June. The Southern region saw an 8% increase in deliveries, while the Northern region experienced a 2% increase. M/I Homes ended the quarter with 234 communities, a 10% increase from the previous year, and projects a 5% increase in average community count for 2025. The company owns and controls approximately 50,500 lots, equating to a 5- to 6-year supply. Financially, M/I Homes concluded the quarter with $3.1 billion in equity, a book value per share of $117, and a debt-to-capital ratio of 18%. The mortgage and title operations reported a slight increase in pretax income to $14.5 million, with a 2% increase in revenue due to higher margins on loans sold and a higher average loan amount.

Record Second Quarter Revenue and Homes Delivered

M/I Homes achieved record second quarter revenue of $1.2 billion, a 5% increase from the previous year. The company also delivered a record 2,348 homes, marking a 6% increase compared to a year ago.

Strong Financial Position

The company ended the second quarter with $3.1 billion in equity, marking a 17% increase in book value per share from a year ago. Additionally, M/I Homes had zero borrowings under its $650 million unsecured revolving credit facility and $800 million in cash.

Mortgage and Title Operations Growth

The mortgage and title operations recorded a pretax income of $14.5 million, a slight increase from the previous year. Revenue from these operations increased by 2% to a second quarter record of $31.5 million.

Community Expansion

The company ended the second quarter with a record 234 communities and plans to increase the average community count by about 5% from 2024.

Stable Land Position

M/I Homes owns approximately 24,500 lots and controls an additional 26,000 through option contracts, totaling a 5- to 6-year supply of lots.

M/I Homes (MHO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MHO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	4.06 / -	5.1	―	―	―
Jul 23, 2025	2025 (Q2)	4.43 / 4.42	5.12	-13.67% (-0.70)	―
Apr 23, 2025	2025 (Q1)	4.16 / 3.98	4.78	-16.74% (-0.80)	―
Jan 29, 2025	2024 (Q4)	4.83 / 4.71	3.66	28.69% (+1.05)	―
Oct 30, 2024	2024 (Q3)	4.94 / 5.10	4.82	5.81% (+0.28)	―
Jul 30, 2024	2024 (Q2)	4.59 / 5.12	4.12	24.27% (+1.00)	―
Apr 24, 2024	2024 (Q1)	3.96 / 4.78	3.64	31.32% (+1.14)	―
Jan 31, 2024	2023 (Q4)	4.94 / 3.66	5.15	-28.93% (-1.49)	―
Oct 25, 2023	2023 (Q3)	4.27 / 4.82	4.67	3.21% (+0.15)	―
Jul 26, 2023	2023 (Q2)	2.45 / 4.12	4.79	-13.99% (-0.67)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MHO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$123.33	$123.94	+0.49%
Apr 23, 2025	$109.33	$105.39	-3.60%
Jan 29, 2025	$135.26	$128.44	-5.04%
Oct 30, 2024	$153.45	$153.00	-0.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does M/I Homes (MHO) report earnings?

M/I Homes (MHO) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is M/I Homes (MHO) earnings time?

M/I Homes (MHO) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MHO EPS forecast?

MHO EPS forecast for the fiscal quarter 2025 (Q3) is 4.06.

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