Detail akcie M/I Homes online

Business Summary: M/I Homes, Inc. is a builder of single-family homes. The Company designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. The company primarily constructs homes in planned development communities and mixed-use communities. It offers homes for sale in approximately 213 communities within 17 markets located in 10 states. The Company operates through two distinct operations: homebuilding and financial services. Its homebuilding operations are aggregated for reporting purposes into two reporting segments: the Northern and Southern regions. Its homebuilding division is engaged in the sale and construction of single-family attached and detached homes, acquisition and development of land, and the occasional sale of lots to third parties. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations.
Financial Summary: BRIEF: For the three months ended 31 March 2024, M/I Homes Inc revenues increased 5% to $1.05B. Net income increased 34% to $138.1M. Revenues reflect Housing revenue increase of 4% to $1.02B, Land revenue increase from $303K to $3.2M, Financial services revenue increase of 7% to $27M. Net income benefited from Interest (income) expense - net increase from $1.4M to $6.9M (income).