M/i homes reports 2024 second quarter results

Columbus, ohio , july 30, 2024 /prnewswire/ -- m/i homes, inc. (nyse:mho) announced results for the three and six months ended june 30, 2024. 2024  second quarter highlights: homes delivered increased 12% to 2,224 revenue increased 9% to $1.1 billion, a second quarter record pre-tax income increased 25% to $194.1 million, 17.5% of revenue, all-time quarterly records net income increased 24% to an all-time quarterly record of $146.7 million ($5.12 per diluted share) shareholders' equity reached a record $2.7 billion, a 19% increase from a year ago, with book value per share of $100 new contracts increased 3% to 2,255 backlog sales value increased to $1.82 billion, up 3% repurchased $50 million of common stock return on equity of 21% the company reported pre-tax income of $194.1 million and net income of $146.7 million ($5.12 per diluted share), both all-time quarterly records.
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