NYSE$MHO
M/I Homes Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
M/I Homes reported record-setting first quarter results, marked by substantial growth in new contracts, homes delivered, and pre-tax income.
M/I Homes reported a record-setting first quarter with a 49% increase in new contracts, a 35% increase in homes delivered, and a 167% increase in pre-tax income. The company's financial service business also produced record results, contributing to an improved pre-tax income percentage and a 25% return on equity.
- New contracts increased by 49% to 3,109, marking an all-time quarterly record.
- Backlog units increased by 68% to 5,479, also an all-time quarterly record.
- Revenue increased by 43% to $828.8 million, setting a first quarter record.
- Net income increased by 167% to $84.9 million ($2.85 per diluted share).
Headline financials
Revenue & EPS history
M/I Homes · Revenue · Quarterly
$829M
Revenue by segment
M/I Homes · $829M total across 3 segments · Q1 2021
- Housing revenue$798M—96.3%
- Financial services$29.6M+120.2%3.6%
- Land revenue$848K—0.1%
Forward guidance
Company has tremendous momentum and are very well positioned to have another outstanding year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.2%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+4.4%
Avg return
30 days after
50%
33 / 66 earnings
Positive
+14.8%
Q2 2019
Best reaction
-13.9%
Q4 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.6% | +4.1% | +0.7% | |
| Q4 2025 | +2.8% | +3.9% | +10.5% | |
| Q3 2025 | -5.9% | -8.5% | -6.9% | |
| Q2 2025 | -1.3% | -1.1% | +6.5% | |
| Q1 2025 | -3.6% | -3.8% | -2.7% | |
| Q4 2024 | -5.0% | -10.7% | -13.4% | |
| Q3 2024 | -1.2% | +1.6% | +7.5% | |
| Q2 2024 | +0.1% | -7.7% | -5.1% | |
| Q1 2024 | +0.7% | +1.5% | +4.5% | |
| Q4 2023 | -4.6% | -8.6% | -2.9% | |
| Q3 2023 | +5.1% | +4.7% | +35.8% | |
| Q2 2023 | +3.7% | +6.6% | -3.7% | |
| Q1 2023 | +2.7% | +2.5% | +9.0% | |
| Q4 2022 | +5.7% | +2.0% | +0.5% | |
| Q3 2022 | -1.5% | -2.3% | +3.8% | |
| Q2 2022 | +3.2% | +1.2% | -1.1% | |
| Q1 2022 | -0.3% | +3.2% | +4.7% | |
| Q4 2021 | -1.3% | -5.6% | -2.5% | |
| Q3 2021 | -6.3% | -4.4% | -5.5% | |
| Q2 2021 | +10.5% | +10.2% | +12.2% | |
| Q1 2021 | +13.0% | +14.6% | +14.3% | |
| Q4 2020 | +0.6% | +5.8% | -0.5% | |
| Q3 2020 | +1.2% | +2.3% | +8.9% | |
| Q2 2020 | +10.0% | +7.6% | +12.0% | |
| Q1 2020 | +9.3% | +8.8% | +43.7% | |
| Q4 2019 | -2.0% | -3.3% | -16.8% | |
| Q3 2019 | +13.1% | +9.6% | +7.6% | |
| Q2 2019 | +14.8% | +21.0% | +24.7% | |
| Q1 2019 | -1.7% | -1.9% | +0.3% | |
| Q4 2018 | +9.6% | +6.0% | -0.1% | |
| Q3 2018 | +4.0% | +3.6% | +9.0% | |
| Q2 2018 | +0.1% | -2.1% | +0.2% | |
| Q1 2018 | -1.5% | -5.1% | -11.0% | |
| Q4 2017 | -1.5% | -1.5% | -7.8% | |
| Q3 2017 | +7.5% | +12.8% | +23.1% | |
| Q2 2017 | -3.2% | -4.4% | -9.6% | |
| Q1 2017 | +9.6% | +9.1% | +13.3% | |
| Q4 2016 | -5.0% | -6.4% | -2.5% | |
| Q3 2016 | -3.4% | -4.7% | +5.1% | |
| Q2 2016 | +11.1% | +9.2% | +11.9% | |
| Q1 2016 | +0.0% | — | — | |
| Q4 2015 | -0.6% | — | — | |
| Q3 2015 | -6.4% | — | — | |
| Q2 2015 | -3.6% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | -6.1% | — | — | |
| Q1 2014 | +3.5% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +8.0% | — | — | |
| Q2 2013 | -5.8% | — | — | |
| Q1 2013 | +7.7% | — | — | |
| Q4 2012 | -13.9% | — | — | |
| Q3 2012 | -4.3% | — | — | |
| Q2 2012 | +4.9% | — | — | |
| Q1 2011 | -2.9% | — | — | |
| Q1 2012 | +11.0% | — | — | |
| Q4 2009 | -1.7% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | +2.8% | — | — | |
| Q3 2010 | +2.8% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q4 2010 | -3.5% | — | — | |
| Q1 2010 | +6.8% | — | — |
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