| Business Summary | | M/I
Schottenstein
Homes,
Inc.
is
a
homebuilder
that
sells
and
constructs
single-family
homes
to
the
first
time,
move-up,
empty
nester,
and
luxury
buyer
under
the
M/I
Homes
and
Showcase
Homes
trade
names.
The
Company's
homes
are
sold
in
11
geographic
markets
including
Columbus
and
Cincinnati,
Ohio;
Tampa,
Orlando
and
Palm
Beach
County,
Florida;
Charlotte
and
Raleigh,
North
Carolina;
Indianapolis,
Indiana;
the
Virginia
and
Maryland
suburbs
of
Washington,
D.C.,
and
Phoenix,
Arizona.
The
Company
currently
offers
a
number
of
distinct
lines
of
single-family
homes
ranging
in
base
sales
price
from
approximately
$90,000
to
$1,100,000
with
an
average
sales
price
in
2000
of
$221,000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MHO
is
engaged
in
the
construction
and
sale
of
single-family
residential
property.
MHO
also
originates
mortgage
loans,
primarily
for
purchasers
of
the
Company's
homes.
For
the
six
months
ended
6/30/01,
revenues
decreased
2%
to
$400.5
million.
Net
income
before
accounting
change
increased
16%
to
$22.8
million.
Revenues
reflect
a
decrease
in
the
number
of
homes
delivered.
Net
income
reflects
a
higher
gross
margin
due
to
improved
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Irving Schottenstein, 72 Chairman,
CEO | $3.6M | Robert Schottenstein, 48 Vice
Chairman, Pres and Assistant Sec. | 1.5M | Steven Schottenstein, 44 Vice
Chairman, COO, Assistant Sec. | 1.4M | Phillip Creek, 48 CFO,
VP, Treasurer | 658K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|