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Stock impact report

LGI Homes, Inc. Reports Fourth Quarter and Full Year 2017 Results and Releases 2018 Guidance

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Company Research Source: GlobeNewswire
THE WOODLANDS, Texas, Feb. 27, 2018 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq:LGIH) today announced results for the fourth quarter and the twelve months ended December 31, 2017. Fourth Quarter 2017 Results and Comparisons to Fourth Quarter 2016 Net Income increased 53.6% to $35.6 million, or $1.65 Basic EPS and $1.43 Diluted EPSNet Income Before Income Taxes increased 57.5% to $55.0 million Home Sales Revenues increased 71.0% to $405.0 million Home Closings increased 61.9% to 1,844 homesAverage Home Sales Price increased 5.6% to $219,618 Gross Margin as a Percentage of Homes Sales Revenues was 24.4% as compared to 27.2% Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues was 25.8% as compared to 28.5% Active Selling Communities at December 31, 2017 increased to 78 from 6339,709 Total Owned and Controlled Lots at December 31, 2017 Please see “Non-GAAP Measures” for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most direc Show less Read more
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