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%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.