M/i homes reports 2022 first quarter results

Columbus, ohio , april 27, 2022 /prnewswire/ -- m/i homes, inc. (nyse:mho) announced results for the three months ended march 31, 2022. 2022 first quarter highlights: revenue increased 4% to $860.8 million, a first quarter record pre-tax income increased 11% to $122.3 million, a first quarter record net income, a first quarter record, increased 8% to $91.8 million ($3.16 per diluted share) from 2021's $84.9 million ($2.85 per diluted share) homes delivered decreased 10% to 1,823 and average sales price increased 16% to $457,000 new contracts decreased 19% to 2,514 contracts backlog units increased 1% to 5,526, an all-time quarterly record backlog sales value increased 17% to $2.8 billion, an all-time quarterly record for the first quarter of 2022, the company reported pre-tax income of $122.3 million and net income of $91.8 million, or $3.16 per diluted share.
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