M/I Homes (MHO) Tops Q1 EPS by 12c

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Go back to M/I Homes (MHO) Tops Q1 EPS by 12c

M/I Homes Reports 2017 First Quarter Results

April 26, 2017 8:30 AM EDT

COLUMBUS, Ohio, April 26, 2017 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three months ended March 31, 2017.

2017 First Quarter Highlights:

Pre-tax income of $26.3 million compared to $14.7 million in 2016 Pre-tax income increased 56%, excluding $2.2 million of pre-tax charges for stucco-related repairs in 2016 Net income of $16.9 million ($0.55 per diluted share) Record revenue of $407 million, a 25% increase from 2016 Record homes delivered of 1,038, an 18% increase from 2016 New contracts of 1,454, an 11% increase from 2016 and an all-time quarterly record Average home closing price increased 6% to... More