LGI Homes Reports First Quarter 2024 Results
LGI Homes, Inc. (LGIH)
Last lgi homes, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
investor.lgihomes.com/investor-relations
Company Research
Source: GlobeNewswire
THE WOODLANDS, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights Home sales revenues of $390.9 millionHome closings of 1,083Average sales price per home closed of $360,897Gross margin as a percentage of home sales revenues of 23.4%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 25.3%Net income before income taxes of $23.1 millionNet income of $17.1 million, or $0.72 basic EPS and $0.72 diluted EPSActive selling communities at March 31, 2024 of 120Total owned and controlled lots of 70,145Ending backlog of 1,335 homes valued at $519.5 million Please see “Non-GAAP Measures” for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most directly comparable GAAP measure. Balance Sheet Highlights 89,227 shares of common stock repurchased during the first quarter of 2024 for an aggregate am
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LGIH
News
- LGI Homes Announces the Grand Opening of Cambridge Cove, A New Community North of Minneapolis [Yahoo! Finance]Yahoo! Finance
- LGI Homes Announces the Grand Opening of Cambridge Cove, A New Community North of MinneapolisGlobeNewswire
- LGI Homes Announces its Newest Community in the Riverside Market [Yahoo! Finance]Yahoo! Finance
- LGI Homes Announces its Newest Community in the Riverside MarketGlobeNewswire
- LGI Homes Announces its Second Community in the Modesto Market [Yahoo! Finance]Yahoo! Finance
LGIH
Earnings
- 4/30/24 - Miss
LGIH
Sec Filings
- 4/30/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- LGIH's page on the SEC website