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Stock impact report

LGI Homes Reports Record First Quarter 2021 Results

LGI Homes, Inc (LGIH)  More Company Research Source: GlobeNewswire
Last lgi homes, inc earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
PDF 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 [Read more]
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