M/I Homes Q2 Profit Rises 12%, Revenue Up 16%
(RTTNews) - M/I Homes, Inc. (MHO), a builder of single-family homes, reported Wednesday that net income for the second quarter increased to $103.07 million or $3.64 per share from $91.84 million or $3.16 per share in the prior-year quarter.
Total revenue for the quarter grew 16 percent to $1.00 billion from $860.81 in the same quarter last year.
Homes delivered for the quarter increased 10 percent to 2,007, while new contracts decreased 14 percent to 2,171 from last year.
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