The earnings call reflects a mix of positive financial metrics, such as strong gross margins and an increased community count, along with challenges like declining new contracts, revenues, and pressures on gross margins. The company maintains a robust equity position and successful mortgage operations. Despite challenges, the overall sentiment for future performance remains optimistic.

Company Guidance -

Q2 2025

In the first quarter of fiscal year 2025, M/I Homes faced challenging macroeconomic conditions, posting solid results nonetheless. The company reported a 10% decrease in new contracts compared to the previous year, with gross margins at 25.9%, down 120 basis points year-over-year but showing a sequential improvement over the fourth quarter of 2024. Homes delivered decreased by 8% to 1,976 units, and revenues dropped by 7% to $976 million. Pre-tax income fell 19% to $146 million, though the pre-tax income margin remained strong at 15%. The company ended the quarter with a record 226 communities, aiming for a 5% average growth in community count in 2025. M/I Homes' balance sheet was robust, with $3 billion in equity, a debt-to-capital ratio of 19%, and a net debt-to-capital ratio of negative 3%. The company continues to employ mortgage rate buydowns, with 54% of buyers using this incentive, as a strategy to drive traffic and sales amid ongoing market uncertainties.

Strong Gross Margin

The company reported a strong gross margin of 25.9% for the first quarter, which is a sequential improvement over the previous quarter, despite challenging economic conditions.

Record Equity Position

M/I Homes ended the quarter with an all-time record of $3 billion in equity, equating to a book value per share of $112.

Increased Community Count

The company reported a record 226 communities and plans to grow this by an average of 5% in 2025.

Successful Mortgage Operations

Mortgage and title operations achieved pre-tax income of $16.1 million, a 31% increase from the previous year.

Strong Buyer Profile

The credit quality of buyers remains robust with average credit scores of 746 and average down payments of nearly $90,000.

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
Jul 23, 2025	2025 (Q2)	4.43 / -	5.12	―	―	―
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)	―
Apr 26, 2023	2023 (Q1)	2.36 / 3.64	3.16	15.19% (+0.48)	―

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
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%
Jul 30, 2024	$166.67	$167.60	+0.56%

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 Jul 23, 2025, Before Open (Confirmed).

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

M/I Homes (MHO) earnings time is at Jul 23, 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 (Q2) is 4.43.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing