MHO - M/I Homes GAAP EPS of $4.65 beats by $0.49 revenue of $1.2B beats by $170M
- M/I Homes press release ( MHO ): Q4 GAAP EPS of $4.65 beats by $0.49 .
- Revenue of $1.2B (+14.3% Y/Y) beats by $170M .
- Homes delivered increased 3% to 2,384, an all-time quarterly record.
- New contracts were 985 compared to 1,744 in 2021's fourth quarter, a 44% decrease.
- Backlog sales value of $1.7B versus $2.4B last year.
- M/I Homes had 196 active communities at December 31, 2022 compared to 175 a year ago.
- The company's cancellation rate was 30% in 2022's fourth quarter and 10% for the prior year's fourth quarter.
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M/I Homes GAAP EPS of $4.65 beats by $0.49, revenue of $1.2B beats by $170M