MHO News & Events

Reports Q1 revenue $921M, consensus $921.7M. Reports Q1 new contracts increased 3% to 2,350 and homes delivered decreased 3% to 1,914. Robert Schottenstein, CEO and President, commented, "In the face of challenging market conditions, we produced very solid first quarter results - led by increased new contracts, gross margins of 22%, pre-tax income of 10%, and a return on equity of 12%. We continue to believe that long-term housing demand is supported by favorable demographic trends and an undersupply of housing. We have a strong financial position with record shareholders' equity of $3.2B, cash of $767M, and no borrowings under our $900M credit facility. With a strong balance sheet, a diverse product offering, and well-located communities, we believe we are well positioned to continue delivering solid results despite all of the market uncertainty."

Reports Q4 revenue $1.1B, consensus $1.11B. Reports Q4 new contracts increased 9% to 1,921. Robert H. Schottenstein, CEO and President, commented, "2025 was a very solid year for M/I Homes. Despite the various macro-economic factors impacting new home demand, we were pleased to deliver 8,921 homes for the year, produce $527M of pretax income, generate a 12% pretax income return, as well as a 13% return on equity. We ended the year in excellent financial condition with record shareholders' equity of $3.2B, cash of $689M, zero borrowings under our $900M credit facility, a homebuilding debt to capital ratio of 18% and a net debt to capital ratio of zero."