M/I HOMES, INC. (MHO) Form 8-K — Oct 21, 2026
M/I Homes reported Q3 2026 results with revenue of $1.1 billion, down 5% year over year, and pre-tax income of $87 million, down 38% from $139.8 million last year. Diluted EPS fell to $2.56 from $3.92, including $0.14 per share of inventory charges. CEO Robert Schottenstein cited increasingly difficult market conditions, including higher mortgage rates, weaker demand, and growing economic uncertainty. New contracts fell 2% to 1,861, homes delivered fell 2% to 2,241, and backlog sales value declined 9% to $1.1 billion.
Key figures
- Eps
- 2.56
- Revenue
- 1076069000
- Net Income
- 66553000
- Total Debt
- 927682000
- Revenue Yoy
- -5%
- Cash Position
- 620595000
- Shares Outstanding
- 25431000
- Backlog yoy
- -9%
- Communities
- 246
- Backlog units
- 2046
- Gross margin q3
- 20.9%
- New contracts q3
- 1861
- Pre tax income q3
- 86900000
- Homes delivered q3
- 2241
- Backlog sales value
- $1.1 billion
- Net debt to capital
- 2%
- Shareholders equity
- $3.3 billion (record)
- Book value per share
- $130
- Cancellation rate q3
- 12%
- Inventory charges q3
- 4700000
- New contracts yoy q3
- -2%
- Share repurchases q3
- $50 million
- Pre tax income yoy q3
- -38%
- Homes delivered yoy q3
- -2%
- Adjusted diluted eps q3
- $2.70
- Average sales price backlog
- $539,000
- Homebuilding debt to capital
- 18%
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