M/I Homes, Inc. (MHO) reported net income for the fourth quarter of $5.0 million or $0.23 per share, compared to a net loss of $3.0 million, or $0.16 per share for the year-ago quarter.
Total revenue for the fourth quarter rose to $250.91 million from $176.79 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.27 per share on revenue of $247.13 million for the fourth quarter. Analysts' estimates typically exclude special items.
New contracts for 2012's fourth quarter were 673, up 33% from 2011's fourth quarter of 505.
The company's cancellation rate was 21% in the fourth quarter, compared to 23% in the fourth quarter of the prior year. Homes delivered in 2012's fourth quarter were 887, compared to 667 in 2011's fourth quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.