LGI Homes Reports Record First Quarter 2021 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
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Source: GlobeNewswire
THE WOODLANDS, Texas, May 04, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights and Comparisons to First Quarter 2020 Net Income increased 132.6% to $99.7 million, or $3.99 Basic EPS and $3.95 Diluted EPSNet Income Before Income Taxes increased 124.6% to $123.3 millionHome Sales Revenues increased 55.2% to $706.0 millionHome Closings increased 39.6% to 2,561 homesAverage Sales Price Per Home Closed increased 11.2% to $275,655Gross Margin as a Percentage of Homes Sales Revenues increased 350 basis points to 26.9%Adjusted Gross Margin* as a Percentage of Home Sales Revenues increased 300 basis points to 28.5%Owned lots increased to 38,502 and Controlled lots increased to 28,784 for total Owned and Controlled Lots of 67,286 lots at March 31, 2021Ending Backlog of 5,632 homes at March 31, 2021, an increase of 199.7%Ending Backlog Value of $1.6 billion at March 31, 2021, an
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LGIH
News
- LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award for Outstanding Leadership in New Construction [Yahoo! Finance]Yahoo! Finance
- LGI Homes Awarded Prestigious 2-10 Home Buyers Warranty Platinum Builder Award for Outstanding Leadership in New ConstructionGlobeNewswire
- LGI Homes, Inc. (NASDAQ: LGIH) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- LGI Homes, Inc. (NASDAQ: LGIH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- LGI Homes (NASDAQ:LGIH) sheds 4.4% this week, as yearly returns fall more in line with earnings growth [Yahoo! Finance]Yahoo! Finance
LGIH
Earnings
- 2/20/24 - Miss
LGIH
Sec Filings
- 3/15/24 - Form DEF
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- LGIH's page on the SEC website