Quarterly ResultApr 22, 2026, 07:42 AM
M/I Homes Q1 Revenue Falls 6% to $921M; Net Income $68M
AI Summary
M/I Homes reported a 6% decline in first-quarter 2026 revenue to $921 million, with net income falling to $68 million ($2.55 per diluted share) from $111 million in the prior year. Despite the revenue and profit decrease, the company saw new contracts increase by 3% to 2,350. Shareholders' equity reached a record $3.2 billion, and book value per share also hit a record $125, indicating underlying financial strength.
Key Highlights
- Q1 2026 revenue declined 6% to $921 million.
- Net income decreased to $68 million ($2.55 per diluted share).
- New contracts increased 3% to 2,350.
- Shareholders' equity reached a record $3.2 billion.
- Book value per share increased to a record $125.