M/I Homes Appoints New Board Member
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2026
0mins
Source: Newsfilter
- New Board Member: M/I Homes announced the election of Eugene D. Smith to its Board of Directors during the Annual Meeting on May 13, 2026, succeeding the retired Norman L. Traeger, marking a significant update in the company's governance structure.
- Extensive Leadership Experience: Smith, who previously served as Senior Vice President of Athletics at The Ohio State University, brings a wealth of experience in leading large, complex organizations, which will provide crucial support for M/I Homes' strategic decision-making and enhance governance standards.
- Diverse Background: As President of Gene Smith Consulting, LLC, Smith focuses on leadership training for the collegiate sports sector, showcasing a strong background in education and athletics that can introduce new perspectives and innovative thinking to the company.
- Acknowledgment of Former Director: M/I Homes Chairman and CEO Robert H. Schottenstein expressed gratitude for Norman L. Traeger's years of service, emphasizing the company's commitment to board member transitions aimed at driving future growth through the infusion of fresh talent.
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Analyst Views on MHO
Wall Street analysts forecast MHO stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 132.520
Low
155.00
Averages
168.33
High
185.00
Current: 132.520
Low
155.00
Averages
168.33
High
185.00
About MHO
M/I Homes, Inc. is a homebuilder of single-family homes. The Company's operations include homebuilding and financial services. The Company's homebuilding operations include the Northern and Southern regions. It designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. Its homebuilding operations are also engaged in the sale of land and lots. The Company primarily constructs homes in planned development communities and mixed-use communities. It has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina, and Nashville, Tennessee. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
M/I Homes Appoints New Board Member Eugene D. Smith
- New Board Member: M/I Homes announced at its 2026 Annual Meeting that Eugene D. Smith has been elected to the Board, succeeding the retired Norman L. Traeger, indicating a refresh in the company's governance structure.
- Extensive Leadership Experience: Smith, previously Senior Vice President of Athletics at The Ohio State University, brings a wealth of experience in managing large, complex organizations, which is expected to provide strategic insights and sound judgment to the company’s future growth.
- Founder of Consulting Firm: As President of Gene Smith Consulting, LLC, Smith focuses on leadership training for collegiate athletics, enhancing his influence in the education and sports sectors, which may open new market opportunities for M/I Homes.
- Industry Influence: Smith serves on several sports organizations and foundations, further elevating M/I Homes' reputation within the community and industry, potentially fostering collaborations and developments with related sectors.
See More
M/I Homes Appoints New Board Member
- New Board Member: M/I Homes announced the election of Eugene D. Smith to its Board of Directors during the Annual Meeting on May 13, 2026, succeeding the retired Norman L. Traeger, marking a significant update in the company's governance structure.
- Extensive Leadership Experience: Smith, who previously served as Senior Vice President of Athletics at The Ohio State University, brings a wealth of experience in leading large, complex organizations, which will provide crucial support for M/I Homes' strategic decision-making and enhance governance standards.
- Diverse Background: As President of Gene Smith Consulting, LLC, Smith focuses on leadership training for the collegiate sports sector, showcasing a strong background in education and athletics that can introduce new perspectives and innovative thinking to the company.
- Acknowledgment of Former Director: M/I Homes Chairman and CEO Robert H. Schottenstein expressed gratitude for Norman L. Traeger's years of service, emphasizing the company's commitment to board member transitions aimed at driving future growth through the infusion of fresh talent.
See More
M/I Homes Q1 2026 Earnings Call Insights
- Revenue Performance: M/I Homes reported first-quarter revenues of $921 million, a 6% year-over-year decline, with pretax income dropping 39% to $89 million, indicating the impact of market uncertainty on performance.
- Sales Strategy: The company sold 2,350 homes in the quarter, with its mortgage operations capturing 96% of total business, up from 92% last year, demonstrating the effectiveness of its sales strategy.
- Financial Health: By the end of the first quarter, M/I Homes had a cash balance of $767 million and no borrowings under its $900 million unsecured revolving credit facility, showcasing a strong financial position.
- Future Outlook: M/I Homes plans to grow its community count by an average of 5% in 2026, and despite market uncertainties, management expresses cautious optimism regarding future sales traffic.
See More
M/I Homes Q1 Earnings Beat Expectations Despite Revenue Decline
- Earnings Beat: M/I Homes reported a Q1 GAAP EPS of $2.55, exceeding expectations by $0.04, indicating the company's resilience and profitability in a challenging housing market.
- Revenue Decline: Despite the strong EPS, the company's revenue of $920.71 million fell 5.7% year-over-year and missed estimates by $0.99 million, reflecting broader industry challenges and weak demand.
- Strong Market Position: M/I Homes remains a top-tier candidate in a struggling housing market, suggesting that it has maintained relative market strength and brand recognition amidst adversity.
- Future Outlook: As the industry faces ongoing challenges, M/I Homes' financial performance will be closely monitored, with investors needing to assess its adaptability and market strategies in upcoming quarters.
See More
M/I Homes Reports Q1 2026 Financial Results with Mixed Performance
- Revenue and Profit Decline: M/I Homes reported a pre-tax income of $89.2 million and a net income of $67.8 million for Q1 2026, translating to $2.55 per diluted share, which represents a significant decline of 39% in both metrics compared to Q1 2025, indicating the adverse impact of challenging market conditions on profitability.
- Delivery and Contract Performance: The company delivered 1,914 homes in Q1 2026, a 3% decrease year-over-year, while new contracts increased by 3% to 2,350, demonstrating resilience in market demand despite the drop in deliveries, reflecting a strong performance in contract acquisition.
- Backlog Value Reduction: As of March 31, 2026, the total sales value of homes in backlog was $1.20 billion, a 23% decrease from the previous year, with backlog units down 21% to 2,245 homes and an average sales price of $536,000, highlighting ongoing pressures from supply-demand imbalances in the housing market.
- Strong Financial Position: M/I Homes reported record shareholders' equity of $3.2 billion and cash reserves of $767 million, with no borrowings under its $900 million credit facility, indicating a robust financial foundation that supports future growth strategies amid market uncertainties.
See More
M/I HOMES Reports Q1 Earnings Per Share of $2.55
Market Overview: The housing market is experiencing fluctuations, with significant changes in home prices and sales activity in Q1.
Economic Indicators: Key economic indicators, including interest rates and employment figures, are influencing the real estate sector's performance.
Buyer Trends: There is a noticeable shift in buyer preferences, with increased demand for suburban homes and properties with more space.
Future Projections: Experts predict continued volatility in the housing market, with potential impacts from upcoming economic policies and market conditions.
See More
M/I Homes Appoints New Board Member Eugene D. Smith
- New Board Member: M/I Homes announced at its 2026 Annual Meeting that Eugene D. Smith has been elected to the Board, succeeding the retired Norman L. Traeger, indicating a refresh in the company's governance structure.
- Extensive Leadership Experience: Smith, previously Senior Vice President of Athletics at The Ohio State University, brings a wealth of experience in managing large, complex organizations, which is expected to provide strategic insights and sound judgment to the company’s future growth.
- Founder of Consulting Firm: As President of Gene Smith Consulting, LLC, Smith focuses on leadership training for collegiate athletics, enhancing his influence in the education and sports sectors, which may open new market opportunities for M/I Homes.
- Industry Influence: Smith serves on several sports organizations and foundations, further elevating M/I Homes' reputation within the community and industry, potentially fostering collaborations and developments with related sectors.
See More
M/I Homes Appoints New Board Member
- New Board Member: M/I Homes announced the election of Eugene D. Smith to its Board of Directors during the Annual Meeting on May 13, 2026, succeeding the retired Norman L. Traeger, marking a significant update in the company's governance structure.
- Extensive Leadership Experience: Smith, who previously served as Senior Vice President of Athletics at The Ohio State University, brings a wealth of experience in leading large, complex organizations, which will provide crucial support for M/I Homes' strategic decision-making and enhance governance standards.
- Diverse Background: As President of Gene Smith Consulting, LLC, Smith focuses on leadership training for the collegiate sports sector, showcasing a strong background in education and athletics that can introduce new perspectives and innovative thinking to the company.
- Acknowledgment of Former Director: M/I Homes Chairman and CEO Robert H. Schottenstein expressed gratitude for Norman L. Traeger's years of service, emphasizing the company's commitment to board member transitions aimed at driving future growth through the infusion of fresh talent.
See More
M/I Homes Q1 2026 Earnings Call Insights
- Revenue Performance: M/I Homes reported first-quarter revenues of $921 million, a 6% year-over-year decline, with pretax income dropping 39% to $89 million, indicating the impact of market uncertainty on performance.
- Sales Strategy: The company sold 2,350 homes in the quarter, with its mortgage operations capturing 96% of total business, up from 92% last year, demonstrating the effectiveness of its sales strategy.
- Financial Health: By the end of the first quarter, M/I Homes had a cash balance of $767 million and no borrowings under its $900 million unsecured revolving credit facility, showcasing a strong financial position.
- Future Outlook: M/I Homes plans to grow its community count by an average of 5% in 2026, and despite market uncertainties, management expresses cautious optimism regarding future sales traffic.
See More
M/I Homes Q1 Earnings Beat Expectations Despite Revenue Decline
- Earnings Beat: M/I Homes reported a Q1 GAAP EPS of $2.55, exceeding expectations by $0.04, indicating the company's resilience and profitability in a challenging housing market.
- Revenue Decline: Despite the strong EPS, the company's revenue of $920.71 million fell 5.7% year-over-year and missed estimates by $0.99 million, reflecting broader industry challenges and weak demand.
- Strong Market Position: M/I Homes remains a top-tier candidate in a struggling housing market, suggesting that it has maintained relative market strength and brand recognition amidst adversity.
- Future Outlook: As the industry faces ongoing challenges, M/I Homes' financial performance will be closely monitored, with investors needing to assess its adaptability and market strategies in upcoming quarters.
See More
M/I Homes Reports Q1 2026 Financial Results with Mixed Performance
- Revenue and Profit Decline: M/I Homes reported a pre-tax income of $89.2 million and a net income of $67.8 million for Q1 2026, translating to $2.55 per diluted share, which represents a significant decline of 39% in both metrics compared to Q1 2025, indicating the adverse impact of challenging market conditions on profitability.
- Delivery and Contract Performance: The company delivered 1,914 homes in Q1 2026, a 3% decrease year-over-year, while new contracts increased by 3% to 2,350, demonstrating resilience in market demand despite the drop in deliveries, reflecting a strong performance in contract acquisition.
- Backlog Value Reduction: As of March 31, 2026, the total sales value of homes in backlog was $1.20 billion, a 23% decrease from the previous year, with backlog units down 21% to 2,245 homes and an average sales price of $536,000, highlighting ongoing pressures from supply-demand imbalances in the housing market.
- Strong Financial Position: M/I Homes reported record shareholders' equity of $3.2 billion and cash reserves of $767 million, with no borrowings under its $900 million credit facility, indicating a robust financial foundation that supports future growth strategies amid market uncertainties.
See More
M/I HOMES Reports Q1 Earnings Per Share of $2.55
Market Overview: The housing market is experiencing fluctuations, with significant changes in home prices and sales activity in Q1.
Economic Indicators: Key economic indicators, including interest rates and employment figures, are influencing the real estate sector's performance.
Buyer Trends: There is a noticeable shift in buyer preferences, with increased demand for suburban homes and properties with more space.
Future Projections: Experts predict continued volatility in the housing market, with potential impacts from upcoming economic policies and market conditions.
See More
