Description

M/I Homes: Quietly Building A Growth Empire Across 17 Markets—Why Investors Should Pay Attention!

M/I Homes reported a robust second quarter, marked by record-setting revenue and home deliveries. Revenue reached $1.2 billion, a growth of 5% year-over-year, and 2,348 homes were delivered, indicating a 6% increase. Despite challenging market conditions, the company maintained a strong gross margin of 25%, demonstrating efficient cost management against rising material costs and other economic headwinds. The homebuilder navigated an 8% decline in new contracts but recorded a consistent monthly sales pace of three homes per community. The company’s proactive use of mortgage rate buydowns has influenced profitability but proved effective in maintaining sales momentum amid higher interest rates, impacting consumer confidence and housing demand.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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