7/107 sources · 5 publishersUpdated Oct 21, 12:13 UTC
M/I Homes posts Q3 2026 results with lower revenue and earnings
M/I Homes reported third‑quarter 2026 revenue of about $1.1 billion, a 5% decline year‑over‑year, and net income of $66.6 million, or $2.56 per share. New contracts and homes delivered each fell 2% versus the prior year. The builder repurchased $50 million of stock and posted record shareholders’ equity of $3.3 billion.
Why it matters
The decline in revenue and earnings missed analyst forecasts, which could pressure the stock despite the share‑repurchase and strong balance sheet (the company noted in the press release). The record equity and cash position may support liquidity through a challenging housing market.
Key facts
- 1Revenue declined 5% to $1.1 billion. prnewswire.com
- 2Net income was $66.6 million, or $2.56 per share. prnewswire.com
- 3New contracts decreased 2% to 1,861 homes. prnewswire.com
- 4Homes delivered decreased 2% to 2,241 homes. prnewswire.com
- 5Shareholders’ equity reached $3.3 billion, with book value per share of $130. prnewswire.com
- 6The company repurchased $50 million of common stock. prnewswire.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.