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Stock impact report

LGI Homes, Inc. Reports Record Fourth Quarter and Full Year 2020 Results and Releases 2021 Guidance

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, Feb. 23, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the fourth quarter and year ended December 31, 2020. Fourth Quarter 2020 Highlights and Comparisons to Fourth Quarter 2019 Net Income increased 110.3% to $136.4 million, or $5.45 Basic EPS and $5.34 Diluted EPSAdjusted Net Income* of $132.2 million, or $5.28 Adjusted Basic EPS* and $5.18 Adjusted Diluted EPS*Net Income Before Income Taxes increased 96.2% to $166.5 millionHome Sales Revenues increased 48.2% to $897.4 millionHome Closings increased 35.5% to 3,408 homesAverage Sales Price Per Home Closed increased 9.3% to $263,321Gross Margin as a Percentage of Homes Sales Revenues increased 360 basis points to 27.1%Adjusted Gross Margin* as a Percentage of Home Sales Revenues increased 330 basis points to 28.8%Active Selling Communities at December 31, 2020 increased 9.4% to 116 Full Year 2020 Highlights and Comparisons to Full Year 2019 Net Income increas [Read more]
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