NYSE$MHO
M/I Homes Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
M/I Homes reported record revenue, income, and earnings per share for the third quarter of 2022.
M/I Homes announced record financial results for the third quarter of 2022. Revenue increased by 12% to $1.0 billion, pre-tax income increased by 43% to $167 million, and net income increased by 45% to $132 million ($4.67 per diluted share).
- Revenue increased 12% to $1.0 billion, a third quarter record.
- Pre-tax income increased 43% to $167 million, a third quarter record.
- Net income increased 45% to $132 million ($4.67 per diluted share).
- Backlog sales value decreased 5% to $2.4 billion, with average sales price in backlog at an all-time record $533,000.
Headline financials
Revenue & EPS history
M/I Homes · Revenue · Quarterly
$1.01B
Revenue by segment
M/I Homes · $1.04B total across 3 segments · Q2 2022
- Housing revenue$1.02B+9.2%97.8%
- Financial services$19.4M-32.3%1.9%
- Land revenue$3.37M—0.3%
Forward guidance
There is much uncertainty concerning the general economy, and it is unclear when demand for new homes will improve. However, M/I Homes believes, over the long term, that housing markets will benefit from strong fundamentals, including favorable demographic trends and an undersupply of housing. The company is well positioned to manage through these changing and uncertain times given the strength of their balance sheet, low debt levels, diverse product offerings and well-located communities.
Tailwinds
- Strong balance sheet
- Low debt levels
- Diverse product offerings
- Well-located communities
- Favorable demographic trends
Headwinds
- Uncertainty concerning the general economy
- Decline in homebuyer demand
- Impact of higher mortgage interest rates
- Delayed closings due to Hurricane Ian
- Unclear when demand for new homes will improve
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 Q3 2022
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro