M/I Homes Inc (N:MHO)
Business Focus: Residential Builders - Single Homes
| Sector: Consumer Cyclicals | Industry: Homebuilding |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4131 Worth Avenue Ste 500 COLUMBUS OH 43219 |
| Tel: | N/A |
| Website: | https://www.mihomes.com |
| IR: | See website |
| Key People | ||
| Robert H. Schottenstein Chairman of the Board, President, Chief Executive Officer | Phillip G. Creek Chief Financial Officer, Executive Vice President, Director | Thomas W. Jacobs Region President |
| Derek J. Klutch Chief Executive Officer of M/I Financial | Fred J. Sikorski Region President | Susan E. Krohne Senior Vice President, Chief Legal Officer, Secretary |
| Business Overview |
| M/I Homes, Inc. is a builder of single-family homes. The Company designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. The company primarily constructs homes in planned development communities and mixed-use communities. It offers homes for sale in approximately 213 communities within 17 markets located in 10 states. The Company operates through two distinct operations: homebuilding and financial services. Its homebuilding operations are aggregated for reporting purposes into two reporting segments: the Northern and Southern regions. Its homebuilding division is engaged in the sale and construction of single-family attached and detached homes, acquisition and development of land, and the occasional sale of lots to third parties. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, M/I Homes Inc revenues decreased 2% to $4.03B. Net income decreased 5% to $465.4M. Revenues reflect Northern Homebuilding segment decrease of 11% to $1.52B. Net income also reflects Northern Homebuilding segment income decrease of 19% to $176.3M, Southern homebuilding segment income decrease of 3% to $440.2M, Corporate, Financial Services and Unallocated segment loss increase of 2% to $78M. |
| Employees: | 1,607 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,334M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,034M as of Dec 31, 2023 |
| EBITDA (TTM): | $601.72M as of Dec 31, 2023 |
| Net annual income (TTM): | $465.37M as of Dec 31, 2023 |
| Free cash flow (TTM): | $546.36M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $126.78M as of Dec 31, 2023 |
| Shares outstanding: | 27,756,658 as of Mar 19, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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