M/i homes reports 2023 second quarter results

Columbus, ohio , july 26, 2023 /prnewswire/ -- m/i homes, inc. (nyse:mho) announced results for the three and six months ended june 30, 2023. 2023 second quarter highlights: new contracts increased 21% to 2,197 contracts delivered 1,990 homes, down 7% from 2022's 2,133 homes delivered revenue of $1.0 billion, down 3% from 2022's second quarter record level pre-tax income of $155.4 million, down 15% from 2022's record of $182.2 million net income of $118.0 million ($4.12 per diluted share), down 14% from 2022's record of $136.8 million shareholders' equity reached a record of $2.3 billion, a 26% increase from a year ago, with book value per share of $83 return on equity of 23% for the second quarter of 2023, the company reported pre-tax income of $155.4 million and net income of $118.0 million, or $4.12 per diluted share.
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