M/i homes reports fourth quarter and year-end results

Columbus, ohio , jan. 29, 2025 /prnewswire/ -- m/i homes, inc. (nyse:mho) announced results for its fourth quarter and year ended december 31, 2024. 2024  fourth quarter results: record fourth quarter homes delivered and income new contracts increased 11% to 1,759 homes delivered increased 19% to 2,402 revenue of $1.2 billion, up 24% pre-tax income of $171 million, up 24% net income increased 27% to $133.5 million ($4.71 per diluted share) compared to $105 million ($3.66 per diluted share) in 2023 repurchased $50 million of stock 2024  full year results: record homes delivered, revenue and income new contracts increased 8% to 8,584 homes delivered increased 12% to 9,055 revenue increased 12% to $4.5 billion pre-tax income increased 21% to $734 million; 16% of revenue net income increased 21% to $564 million ($19.71 per diluted share) shareholders' equity reached an all-time record of $2.9 billion, a 17% increase from a year ago, with book value per share of $109 repurchased $176 million of stock return on equity of 21% homebuilding debt to capital ratio of 19% compared to 22% at december 31, 2023 for the fourth quarter of 2024, the company reported net income of $133.5 million, or $4.71 per diluted share, compared to net income of $105.3 million, or $3.66 per diluted share, for the fourth quarter of 2023.
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