Tranche Update on M/I Homes, Inc.'s Equity Buyback Plan announced on July 28, 2021.
October 27, 2023 at 10:23 am EDT
Share
From July 1, 2023 to September 30, 2023, the company has repurchased 263,000 shares, representing 0.95% for $25.05 million. With this, the company has completed the repurchase of 2,515,500 shares, representing 8.85% for $147.11 million under the buyback announced on July 28, 2021.
M/I Homes, Inc. is a builder of single-family homes. The Company designs, markets, constructs and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers. The company primarily constructs homes in planned development communities and mixed-use communities. It offers homes for sale in approximately 213 communities within 17 markets located in 10 states. The Company operates through two distinct operations: homebuilding and financial services. Its homebuilding operations are aggregated for reporting purposes into two reporting segments: the Northern and Southern regions. Its homebuilding division is engaged in the sale and construction of single-family attached and detached homes, acquisition and development of land, and the occasional sale of lots to third parties. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations.
M/I HOMES, INC. 
