M/I Homes, Inc. has announced its financial results for the second quarter of 2025, reporting a record revenue of $1.2 billion, marking a 5% increase compared to the same period in 2024. The company delivered 2,348 homes, reflecting a 6% rise from the previous year. However, pre-tax income saw an 18% decrease to $160 million, which constitutes 14% of the revenue, while net income stood at $121 million ($4.42 per diluted share), down from $147 million ($5.12 per diluted share) in the second quarter of 2024. The company also reported a decrease in new contracts, with 2,078 contracts compared to 2,255 in the prior year's second quarter, representing an 8% decline. Shareholders' equity reached a record $3.1 billion, a 12% increase from the previous year, with a book value per share of $117. Additionally, M/I Homes repurchased $50 million of common stock, achieving a return on equity of 17%.