M/I Homes Reports Fourth Quarter and Year-End Results

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Go back to M/I Homes Reports Fourth Quarter and Year-End Results

M/I Homes (MHO) Tops Q4 EPS by 53c, Revenues Miss

February 2, 2021 8:34 AM EST

M/I Homes (NYSE: MHO) reported Q4 EPS of $2.95, $0.53 better than the analyst estimate of $2.42. Revenue for the quarter came in at $906.43 million versus the consensus estimate of $961.99 million.

2020 Fourth Quarter Results:

New contracts increased 27% to a fourth quarter record of 2,128Homes delivered increased 17% to 2,242, an all-time quarterly recordBacklog units increased 64% to 4,389, a fourth quarter recordBacklog sales value reached $1.8 billion, an all-time quarterly recordRevenue increased 22% to an all-time quarterly record of $906 millionPre-tax income increased 99% to $101.9 million, an all-time quarterly... More