建商M/I Homes三季度净利降至6,660万美元：交付与新签约各降2%，毛利率20.9%
总部位于俄亥俄州 Columbus 的建商 M/I Homes, Inc.（NYSE: MHO）10月21日经 PR Newswire 公布截至2026年9月30日的第三季度业绩：净利6,660万美元、摊薄每股收益2.56美元，低于去年同期的1.065亿美元与3.92美元；税前利润8,690万美元，低于去年同期的1.398亿美元，降幅38%；营收约10.8亿美元，同比下降5%。
三季度交付量减少2%至2,241套（去年同期2,296套），新签约减少2%至1,861套（去年同期1,908套）。截至9月30日，积压订单2,046套、同比减少7%，积压金额约11亿美元、同比减少9%，平均售价539,000美元，低于去年同期的553,000美元；取消率为12%，与去年同期持平。
盈利能力方面，三季度毛利率为20.9%，剔除存货减值后为21.3%；当季业绩包含470万美元的税前存货减值（约合摊薄每股0.14美元）。公司在营社区增至246个，多于去年同期的233个；自有与受控地块共48,934块，约合五年供应量。
资产负债表保持稳健：股东权益升至33亿美元、创公司纪录，每股账面价值约130美元、同样创纪录；当季回购5,000万美元普通股，现金及等价物6.206亿美元，建房债务资本比为18%。今年前九个月，公司税前利润2.806亿美元、净利2.135亿美元（摊薄每股8.14美元），交付6,361套、同比减少4%，新签约6,598套、同比增加5%。
来源：GSM·美国
M/I Homes Third-Quarter Net Income Falls to $66.6 Million as Deliveries and New Contracts Each Slip 2%
Columbus, Ohio-based homebuilder M/I Homes, Inc. (NYSE: MHO) on October 21 released its results for the third quarter ended September 30, 2026 via PR Newswire: net income of $66.6 million, or $2.56 per diluted share, down from $106.5 million, or $3.92 per diluted share, a year earlier. Pre-tax income was $86.9 million, down 38% from $139.8 million, and revenue declined 5% to about $1.08 billion.
Homes delivered decreased 2% to 2,241, from 2,296 a year earlier, and new contracts decreased 2% to 1,861, from 1,908. Backlog at September 30 stood at 2,046 homes, down 7%, with a total sales value of about $1.1 billion, down 9%, and an average sales price of $539,000, compared with $553,000 a year earlier. The cancellation rate was 12% in both quarters.
Gross margin was 20.9%, or 21.3% excluding inventory charges; the quarter included $4.7 million in pre-tax inventory charges, about $0.14 per diluted share. The company ended the quarter with 246 active communities, up from 233 a year earlier, and 48,934 total owned and controlled lots, roughly a five-year supply.
The balance sheet remained conservative: shareholders' equity reached a record $3.3 billion and book value per share a record of about $130; the company repurchased $50 million of common stock in the quarter, held $620.6 million in cash and equivalents, and reported a homebuilding debt-to-capital ratio of 18%. For the first nine months of 2026, pre-tax income was $280.6 million and net income was $213.5 million, or $8.14 per diluted share, with 6,361 homes delivered, down 4%, and 6,598 new contracts, up 5%.
Source: GSM·America
来源：GSM·美国（原文链接）
图片来源：美国郊区住宅区航拍（资料图，加州 Daly City）。照片：Dicklyon 摄，CC BY-SA 4.0，经维基共享资源／Aerial view of suburban tract housing in Daly City, California (file photo). Photo: Dicklyon, CC BY-SA 4.0, via Wikimedia Commons
