M/I Homes drops as Q1 deliveries decline due to supply chain snags

M/I Homes

27/04/2022 16:44

** Homebuilder's shares  MHO.N  down 4.4% at $42.76
    ** Co reports a 10% decline in homes to 1,823 in Q1 
 urn:newsml:reuters.com:*:nPn71V5qwa
    ** MHO says deliveries in the quarter were impacted by
"unprecedented" supply chain issues and labor challenges 
    ** However, Q1 profit rises to $3.16/share vs $2.85/share
last year as margins improved in the backdrop of rising prices 
    ** As of last close, shares down ~31.1% YTD 

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))