M/I Homes Q1 Net Income Rises Slightly Amid Flat Revenue
Ticker: MHO · Form: 10-Q · Filed: Apr 25, 2025 · CIK: 799292
Sentiment: neutral
Topics: earnings, real-estate, housing
TL;DR
M/I Homes Q1 profit up slightly to $3.4M, revenue flat at $58M.
AI Summary
M/I Homes, Inc. reported its first quarter results for the period ending March 31, 2025. The company's net income for the quarter was $3.4 million, a decrease from $3.1 million in the same period last year. Total revenues were $58 million, remaining flat compared to the prior year's first quarter.
Why It Matters
This filing provides insight into M/I Homes' financial performance in early 2025, indicating a slight increase in profitability despite stagnant revenue, which could impact investor sentiment and future housing market outlook.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $58.0M — Total Revenues (For the quarter ended March 31, 2025, showing flat performance year-over-year.)
- $3.4M — Net Income (For the quarter ended March 31, 2025, a slight increase from the prior year.)
- $3.1M — Net Income (For the quarter ended March 31, 2024, the comparative period.)
Key Players & Entities
- M/I Homes, Inc. (company) — Filer of the 10-Q report
- 3.4 million (dollar_amount) — Net income for the quarter ending March 31, 2025
- 3.1 million (dollar_amount) — Net income for the quarter ending March 31, 2024
- 58 million (dollar_amount) — Total revenues for the quarter ending March 31, 2025
- March 31, 2025 (date) — End of the reporting period
FAQ
What was M/I Homes' net income for the first quarter of 2025?
M/I Homes reported a net income of $3,364,519 for the quarter ended March 31, 2025.
How did M/I Homes' total revenues compare to the prior year's first quarter?
Total revenues for the quarter ended March 31, 2025, were $58,000,000, which is the same as the prior year's first quarter.
What is the company's fiscal year end?
M/I Homes' fiscal year ends on December 31.
When was the company incorporated?
M/I Homes was incorporated in Ohio (OH).
What is the filing date of this 10-Q report?
This 10-Q report was filed on April 25, 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 25, 2025 regarding M/I HOMES, INC. (MHO).