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0 -0.000104887770086062 -0.00335640864275218 0.00241241871197823 -0.013425634571009 -0.00881057268722471 -0.00964967484791275 0.0230753094189218
Stock impact report

LGI Homes (LGIH) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Chief Executive Officer and Chairman — Eric Thomas Lipar Chief Financial Officer and Treasurer — Charles Michael Merdian Vice President, Investor Relations — Joshua D. Fattor Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Home Closings -- 916 total homes delivered, with 881 contributing to revenue; 35 homes sold were previously or currently leased, affecting other income. Revenue -- $319.7 million, representing a 9% decrease, linked to an 11.5% drop in closings partially offset by a 2.9% increase in average selling price to $362,924. Wholesale Channel -- 111 closings, or 12.6% of total closings, down from 179 closings and 18% last year. Gross Margin -- 18.7% as reported; 20.2% before inventory-related charges; adjusted gross margin 23.4%, a sequential increase of 110 basis points and above guidance. SG&A Expenses -- $60.5 million, 18.9% of revenue, a 200 basis-point improvement year over year; selling expenses were $32.7 million (10.2% of reven Show less Read more
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