M/I Homes Inc. (MHO) said that its board approved a new share repurchase authorization, pursuant to which the company may purchase up to $250 million of its common shares.
The $250 million authorization replaces the company's prior authorization, which had $103 million of remaining availability as of April 30, 2024.
The authorization has no expiration date and may be modified, discontinued or suspended at any time, the company said.
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