Earnings Call Summary | M/I Homes(MHO.US) Q1 2024 Earnings Conference
Earnings Call Summary | M/I Homes(MHO.US) Q1 2024 Earnings Conference
The following is a summary of the M/I Homes, Inc. (MHO) Q1 2024 Earnings Call Transcript:
以下是M/I Homes, Inc.(MHO)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
M/I Homes reported an increase of 8% in home deliveries, setting a company record of 2,158 homes.
Revenue saw a rise of 5%, reaching $1.05 billion and pre-tax income grew by 33% to $180.2 million in Q1.
The gross margins for Q1 were at 27%, reflecting a year-on-year increase of 360 basis points and a sequential rise of 200 basis points.
A record cash balance of $870 million was achieved, and the debt-to-capital ratio was reduced to 21% from 24% a year ago.
Earnings per diluted share showed an increase of 31% from $3.64 per share last year to a Q1 record of $4.78 per share.
M/I Homes报告说,送货上门服务增加了8%,创下了公司2,158套住房的纪录。
第一季度收入增长了5%,达到10.5亿美元,税前收入增长了33%,达到1.802亿美元。
第一季度的毛利率为27%,同比增长360个基点,连续增长200个基点。
实现了创纪录的8.7亿美元现金余额,债务资本比率从去年同期的24%降至21%。
摊薄后每股收益从去年的3.64美元增长了31%,至第一季度创纪录的每股4.78美元。
Business Progress:
业务进展:
There was a 17% increase in new contracts in Q1, attributed to the strength of communities and product offerings.
Despite macroeconomic uncertainties, the company managed to operate in 10% more communities compared to last year.
The Smart Series homes accounted for more than half (52%) of total company sales.
Planned opening of new communities is expected to increase the average community count by approximately 10% over 2023.
The company is confident of another strong performance in 2024, with an anticipated annual growth rate of 5% to 10%.
Progress in reducing the cycle time has brought many markets back to pre-COVID levels.
第一季度的新合同增长了17%,这要归因于社区和产品供应的力量。
尽管宏观经济存在不确定性,但与去年相比,该公司设法在社区中运营的社区增加了10%。
智能系列房屋占公司总销售额的一半以上(52%)。
计划开放的新社区预计将使平均社区数量比2023年增加约10%。
该公司对2024年再次表现强劲充满信心,预计年增长率为5%至10%。
在缩短周期方面取得的进展使许多市场回到了COVID之前的水平。
More details: M/I Homes IR
更多详情: M/I Homes IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。