UPDATE: M/I Homes (MHO) Tops Q2 EPS by $1.10

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Go back to UPDATE: M/I Homes (MHO) Tops Q2 EPS by $1.10

M/I Homes (MHO) Announces $100M Share Repurchase Program; Reports Earnings

July 28, 2021 8:31 AM EDT

M/I Homes, Inc. (NYSE: MHO) announced results for the three and six months ended June 30, 2021, and a $100 million share repurchase authorization.

2021 Second Quarter Highlights:

New contracts were 2,267, a second quarter recordBacklog units increased 49% to 5,488, an all-time recordBacklog sales value reached $2.5 billion, an all-time recordHomes delivered increased 23% to 2,258, an all-time quarterly recordRevenue increased 35% to $961.0 million, an all-time quarterly recordPre-tax income increased 97% to $141.3 million, an all-time quarterly recordNet income of $107.6 million ($3.58 per diluted share), a 97% increase compared to $54.5 million ($1.89 per... More