M/I Homes Reports Third Quarter Earnings Miss on EPS and Revenue
M/I Homes (MHO) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $2.70, missing estimates by $0.60, while revenue reached $1.08 billion, representing a 4.4% year-over-year decline and a $30 million miss against projections. Operational metrics also showed signs of contraction, with new contracts decreasing by 2% to 1,861 units and total homes delivered falling 2% to 2,241. Despite the earnings headwinds, the company maintains a homebuilding debt-to-capital ratio of 18%.
Tickers: $MHO
Topics: earnings miss homebuilding quarterly results revenue decline
Read the full article at Seeking Alpha
Part of the story Pegasystems Shares Fall Following Q3 Earnings Miss and Declining GAAP Profits (5 articles)