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Residential Construction

MHO, also known as M/I Homes, Inc., is a publicly-traded company listed on the NYSE that specializes in residential construction. Here are some general details about the company's profile, financials, and latest earnings:

Profile:

* Founded in 1973, MHO is headquartered in Columbus, Ohio

* The company builds single-family homes and composite modular homes in 15 states throughout the United States

* They operate in 42 markets and have a significant presence in the Midwest, Mid-Atlantic, and Southeast regions

* As of 2022, they closed 4,313 homes with a revenue of approximately $1.7B

Financials:

* Revenue: In 2022, MHO reported a revenue of $1.7B, representing a YoY growth of 13.9%.

* Net Income: MHO has a net income of $151.4M, up by 48.2% from last year.

* Gross Margin: The company's gross margin is 22.6%, up 220 basis points from last year.

* Earnings per share: MHO's 2022 full-year earnings per share were $4.39, a 48% increase from the previous year.

Growth:

* Home closing revenue increased by 18% to $1.66B, driven by a 15% rise in home deliveries and a 3% increase in the average home price.

* The company's backlog, representing homes still to be built, stands at 3,482 homes with a value of $1.34B, a 24% increase from last year.

* MHO has a strong balance sheet, with approximately $276.4M of unrestricted cash and a $300M revolving credit facility that is currently undrawn.

Earnings:

* The company has consistently reported growth in its quarterly and full-year earnings. In their latest Q4 2022 earnings report, they reported a significant increase in revenue, gross margin, and earnings per share.

Recent Development:

* MHO recently promoted Robert M. Yoh to the position of Chief Operating Officer (COO). Yoh previously served as the company's President and Chief Revenue Officer.

It is important to keep in mind that financial markets and company performance can fluctuate. Always conduct thorough research and analysis before making any investment decisions.

In conclusion, MHO(M/I Homes, Inc.) appears to be in a strong financial position, with steady growth in revenue, net income, and home closings. However, it's crucial to keep in mind that the financial market and the housing industry's performance can fluctuate. Before making any investment decisions, it is always advisable to conduct thorough research and analysis.