M/I Homes Q3 net income rises 5% to $145.4 million on 9% revenue growth
M/I Homes reported results for the three and nine months ended September 30, 2024. Third-quarter revenue rose 9% to $1.1 billion, and net income rose 5% to $145.4 million, or $5.10 per diluted share, with pre-tax income, net income and homes delivered all described as third-quarter records. Nine-month net income reached a record $430.3 million, and the company repurchased $50 million of common stock during the quarter.
Key points
- Revenue rose 9% to $1.1 billion, and homes delivered rose 8% to 2,271 in the third quarter.
- Net income rose 5% to $145.4 million, or $5.10 per diluted share, compared with $4.82 a year earlier.
- Shareholders' equity reached a record $2.8 billion, with book value of $105 per share, and the company repurchased $50 million of common stock.
- Backlog units fell 8% to 3,174 homes at September 30, 2024, and backlog sales value fell 1% to $1.73 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:39 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.