For the quarter ended September 2024, LGI Homes (LGIH) reported revenue of $651.85 million, up 5.6% over the same period last year. EPS came in at $2.95, compared to $2.84 in the year-ago quarter.The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $641.77 million. With the consensus EPS estimate being $2.53, the EPS surprise was +16.60%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

LGI Homes (LGIH) came out with quarterly earnings of $2.95 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.60%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of $2.24 per share when it actually produced earnings of $2.48, delivering a ...

EXHIBIT 99.1 LGI Homes Reports Third Quarter 2024 Results and Updates Full Year 2024 Guidance THE WOODLANDS, Texas, November 5, 2024 (GLOBE NEWSWIRE) - LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter 2024 and the nine months ended September 30, 2024. Third Quarter 2024 Highlights • Home sales revenues increased 5.6% to $651.9 million • Home closings increased 0.3% to 1,757 homes • Average sales price per home closed increased 5.2% to $371,004 • Gross margin as a percen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number 001-36126 LGI HOMES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

LGI Homes (LGIH) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for nonrecurring items. LGI Homes, which belongs to the Zacks Real Estate - Development industry, posted revenues of $602.5 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 5.09%. This compares to year-ago revenues of $645.27 million. The company has topped consensus r ...

• Gross margin as a percentage of home sales revenues between 23.5% and 24.5% Forward-Looking Statements LGI HOMES, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except share data) June 30, December 31, COMMITMENTS AND CONTINGENCIES EQUITY Common stock, par value $0.01, 250,000,000 shares authorized, 27,612,742 shares issued and 23,500,280 shares outstanding as of June 30, 2024 and 27,521,120 shares LGI HOMES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except share a ...

*Non-GAAP Please see "Non-GAAP Measures" for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most directly comparable GAAP measure. Balance Sheet Highlights Total liquidity of $405.9 million at June 30, 2024, including cash and cash equivalents of $51.1 million and $354.8 million of availability under the Company's revolving credit facility Net debt to capitalization of 43.0% at June 30, 2024 83,763 shares of common stock repurchased during the second quarter of 2024 for ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $634.8 million, down 1.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.68% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reasses ...

"I am incredibly proud that U.S. News & World Report has again recognized us as one of the Best Companies to Work For," said Eric Lipar, Chairman and CEO of LGI Homes. "This achievement reflects our commitment to fostering a positive workplace where our team members excel in delivering the highest quality homes and an exceptional customer experience. It's a testament to the dedication of every individual at LGI Homes to helping customers achieve the dream of homeownership." This year, the ratings expanded t ...

BALTIMORE, June 24, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced the opening of its first community in Baltimore, Maryland. McCormick Place offers homebuyers upgraded townhomes just northeast of Baltimore. "We are excited to introduce McCormick Place, our first community in Baltimore," said Paul DiConsiglio, Vice President of Operations for LGI Homes. "Located in the quaint Rosedale section, just 7 miles from downtown and the beautiful Inner Harbor, McCormick Place is offering townhomes ...