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M/I Homes stock plummeted -8% after the company's Q3 earnings due to a double miss. Housing market conditions are poor as mortgage rates have risen and remain high. MHO's sales performance reflects the fact. MHO's mortgage rate buydowns, aiming to stabilize sales, have pressured the company's margins.
On October 21, 2026, M/I Homes Inc (MHO) shares fell 8.1%, closing at $114.04. This decline is part of a broader trend, as the stock has experienced a 52-week r
M/I Homes generated $87 million of pretax income in the third quarter. Higher rate buydown costs reduced gross margin to 21.3%.
M/I Homes, Inc. (MHO) Q3 2026 Earnings Call Transcript
/PRNewswire/ -- Stock Preachers News Commentary - Three sessions into the week, growth and small caps are setting the pace. The Nasdaq Composite jumped 1.04%
M/I Homes NYSE: MHO reported third-quarter results that reflected softer demand and higher mortgage rates, with revenue declining 5% to $1.08 billion and pre-tax income falling 38% to $87 million. The homebuilder closed 2,241 homes during the quarter, down 2% from a year earlier, while new contracts declined 2%.
M/I Homes (MHO) came out with quarterly earnings of $2.7 per share, missing the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $4.14 per share a year ago.
COLUMBUS, Ohio, Oct. 21, 2026 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three and nine months ended September 30, 2026. 2026 Third Quarter Results: New contracts decreased 2% to 1,861 Homes delivered decreased 2% to 2,241 Revenue declined 5% to $1.1 billion Gross margin of 20.9%; 21.3% excluding inventory charges Pre-tax income of $87 million, including inventory charges of $5 million, down 38% Net income of $67 million ($2.56 per diluted share) versus $107 million ($3.92 per diluted share) Shareholders' equity reached a record $3.3 billion, with book value per share increasing to a record $130 Repurchased $50 million of common stock Homebuilding debt to capital ratio of 18% The Company reported pre-tax income of $86.9 million and net income of $66.6 million ($2.56 per diluted share).