M/I Homes, Inc. announced today that its Board of Directors has approved a new share repurchase authorization of up to $250 million of its common shares. This new authorization replaces the company's previous program, which had $107 million of remaining availability as of January 31, 2025.
The company may execute these share repurchases through various methods, including open market transactions or privately negotiated transactions. The timing and specific amounts of any purchases will be determined by management's discretion, considering market conditions and business factors.
This authorization has no specified expiration date and can be modified, discontinued, or suspended at any time. The move signals the company's confidence in its financial strength and commitment to returning value to shareholders.
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