M/I Homes: Fourth Quarter Earnings Overview

M/I Homes Announces Fourth-Quarter Financial Results

M/I Homes Inc., headquartered in Columbus, Ohio, revealed that it earned $64 million in net income during the fourth quarter.

The company reported earnings of $2.39 per share. When excluding asset impairment and other one-time expenses, adjusted earnings reached $3.91 per share.

These results surpassed the expectations of Wall Street analysts, who had predicted an average of $3.88 per share, according to a survey conducted by Zacks Investment Research.

During the quarter, the homebuilding firm generated $1.15 billion in revenue.

For the full year, M/I Homes posted a profit of $402.9 million, or $14.74 per share, with total revenue amounting to $4.42 billion.