M/I Homes (MHO) Tops Q1 EPS by 13c

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M/I Homes Reports First Quarter Results

April 23, 2015 8:28 AM EDT

COLUMBUS, Ohio, April 23, 2015 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the first quarter ended March 31, 2015.

2015 First Quarter Highlights:

Pre-tax income of $15.7 million - a 26% increase over 2014's first quarter Revenue increased 12%  to $263 million; average closing price increased 9% Gross margin of 21.7%, up 170 basis points from 2014's fourth quarter Net income of $9.6 million ($0.31 per diluted share) New contracts increased 13%; homes delivered declined 3% Backlog sales value increased 16% Net debt to net capital ratio of 48%

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M/I Homes, Inc. Announces First Quarter Earnings Webcast

April 23, 2015 7:45 AM EDT

COLUMBUS, Ohio, April 23, 2015 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announces the following Webcast:

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