M/I Homes falls after downbeat quarterly results

M/I Homes

22/10/2025 17:23

** Shares of homebuilder M/I Homes MHO.N down 3.5% at $135.34

** Co reports quarterly results decline, citing challenging housing market and uneven demand environment

** Q3 revenue fell 1%, while net income fell ~27%

** However, homes delivered increased 1% to 2,296

** Co also secured extension of unsecured credit facility to 2030, with an increased borrowing capacity of $900 million from $650 million

** While market conditions remain volatile, we are confident in the long-term fundamentals of the housing industry, said CEO Robert Schottenstein

** Stock down 14.5% in the last 12 months, including session moves

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))