M/I Homes Reports Q1 2026 Earnings with Revenue Decline and Margin Pressure
M/I Homes (MHO) reported Q1 2026 earnings with a 6% revenue decline to $921 million, driven by lower average home prices and increased incentives. Pretax income fell 39% to $89.2 million, with a 390 basis point drop in gross margin. The company saw a slight increase in new contracts but faced challenges in the Northern region.
Tickers: $MHO
Topics: Earnings Financial Performance Homes Profit Real Estate Revenue