M/i homes reports 2024 first quarter results

Columbus, ohio , april 24, 2024 /prnewswire/ -- m/i homes, inc. (nyse:mho) announced results for the three months ended march 31, 2024. 2024  first quarter highlights: new contracts increased 17% to 2,547 homes delivered increased 8% to 2,158, a first quarter record revenue increased 5% to $1.05 billion, a first quarter record pre-tax income increased 33% to $180.2 million, 17.2% of revenue and a first quarter record net income increased 34% to a first quarter record $138.1 million ($4.78 per diluted share) shareholders' equity reached a record of $2.6 billion, a 21% increase from a year ago, with book value per share of $95 backlog sales value increased to $1.8 billion, up 4% return on equity of 21% the company reported record first quarter pre-tax income of $180.2 million and record first quarter net income of $138.1 million, or $4.78 per diluted share.
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