M/I Homes, Inc. (MHO) Q3 2026 Earnings Call Transcript

SA Transcripts 162.53K Followers Follow M/I Homes, Inc. ( MHO ) Q3 2026 Earnings Call October 21, 2026 10:30 AM EDT Company Participants Phillip Creek - Executive VP, CFO & Director Robert Schottenstein - Chairman, President & CEO Derek Klutch - President & CEO of M/I Financial Conference Call Participants Alan Ratner - Zelman & Associates LLC Buck Horne - Raymond James & Associates, Inc., Research Division Jay McCanless - Citizens JMP Securities, LLC, Research Division Presentation Operator Good morning, and welcome to the M/I Homes, Inc. Third Quarter Earnings Conference Call. My name is Lacey, and I will be your conference operator today. [Operator Instructions] I would now like to turn the call over to Mr. Phil Creek. Please go ahead. Phillip Creek Executive VP, CFO & Director Thank you for joining us today. With me is Bob Schottenstein, our CEO and President; and Derek Klutch, President of our mortgage company. First, to address Regulation Fair Disclosure, we encourage you to ask any questions regarding issues that you consider material during this call because we are prohibited from discussing significant nonpublic items with you directly. And as to forward-looking statements, I want to remind everyone that the cautionary language about forward-looking statements contained in today's press release also applies to any comments made during this call. Also be advised that the company undertakes no obligation to update any forward-looking statements made during this call. With that, I'll turn the call over to Bob. Robert Schottenstein Chairman, President & CEO Thanks, Phil. Good morning, and thank you for joining us today. Our third quarter results reflect the increasingly difficult market conditions impacting the overall economy, consumer behavior and, obviously, the homebuilding industry. In the face of these conditions, we produced solid results, generating $87 million of pretax income equating to an 8% plus return. Conditions changed notably during the