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COLUMBUS, OH - M/I Homes, Inc. (NYSE:MHO), a leading builder of single-family homes with a market capitalization of $2.9 billion, held its Annual Meeting of Shareholders on May 14, 2025, where several key proposals were voted upon. According to InvestingPro analysis, the company maintains excellent financial health with a "GREAT" overall score, supported by strong liquidity and moderate debt levels. The company, founded in Ohio, informed the U.S. Securities and Exchange Commission (SEC) of the voting results in an 8-K filing today.
During the 2025 Annual Meeting, shareholders elected three directors to serve on the company’s board until the 2028 Annual Meeting. Nancy J. Kramer received 20,555,441 votes for, 1,200,862 withheld, and 2,176,784 broker non-votes. Yvette McGee Brown was elected with 21,732,096 votes for, 24,207 withheld, and 2,176,784 broker non-votes. Robert H. Schottenstein received 21,287,812 votes for, 468,491 withheld, and 2,176,784 broker non-votes.
In an advisory vote, the compensation of M/I Homes’ named executive officers was approved by shareholders. The tally stood at 18,225,768 votes for, 3,455,369 against, 75,166 abstained, and 2,176,784 broker non-votes.
Additionally, the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year 2025 was ratified by the shareholders. The votes for this proposal were overwhelmingly positive, with 23,429,856 for, 493,571 against, and 9,660 abstained.
The 8-K filing also included information on the company’s financial statements and exhibits, specifically mentioning an interactive data file embedded within the Inline XBRL document, submitted electronically with the report.
M/I Homes, Inc. ensures regulatory compliance by having the report signed by Ann Marie W. Hunker, VP, Chief Accounting Officer, and Controller of the company. The SEC filing confirms the company’s commitment to transparency with its shareholders and adherence to corporate governance standards.
In other recent news, M/I Homes Inc. reported its first-quarter 2025 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $3.98, missing the anticipated $4.73. Revenue for the quarter also did not meet forecasts, coming in at $976 million compared to the expected $1.1 billion. Despite this, the company maintained a strong pre-tax income margin of 15% and a return on equity of 19%. The Smart Series product line played a significant role in sales, underscoring the company’s focus on affordable housing options. The challenging macroeconomic environment was noted as a factor impacting performance, yet M/I Homes remains optimistic about long-term housing demand. The company plans to continue its strategy of mortgage rate buy-downs to support sales and expects a 5% growth in community count for the year. Analysts from firms like Zelman and Associates have noted geographic differences in performance, with some markets like Tampa showing signs of recovery.
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