LGI Homes, Inc. Reports Record Fourth Quarter and Full Year 2020 Results and Releases 2021 Guidance
Last lgi homes, inc earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
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
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LGIH
News
- LGI Homes, Inc. (<a href="https://www.marketbeat.com/stocks/NASDAQ/LGIH/price-target/">NASDAQ: LGIH</a>) was upgraded by analysts at Zacks Investment Research from a "hold" rating to a "buy" rating. They now have a $130.00 price target oMarketBeat
- LGI Homes Continues Expansion in TampaGlobeNewswire
- LGI Homes (LGIH) Q4 2020 Earnings Call Transcript [The Motley Fool]The Motley Fool
- LGI Homes, Inc. (LGIH) CEO Eric Lipar on Q4 2020 Results - Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- LGI Homes, Inc. (<a href="https://www.marketbeat.com/stocks/NASDAQ/LGIH/price-target/">NASDAQ: LGIH</a>) is now covered by analysts at KeyCorp. They set a "sector weight" rating on the stock.MarketBeat
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LGIH
SEC Filings
- 2/25/21 - Form 10-K
- 2/23/21 - Form 8-K
- 2/16/21 - Form SC
- LGIH's page on the SEC website
- More