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 ...

Thanks, Josh. While we still have two days left for closing in July, we expect to report approximately 550 homes closed this month in a similar number of communities. Based on our performance to date, current backlog and a view of the inventory available to sell and close this year, we are updating our guidance. We now expect to close between 6,400 and 7,200 homes this year. I'll conclude by saying once more how pleased we are with our strong second-quarter performance. These achievements are thanks to our ...

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 ...

ATLANTA, June 21, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced its newest community in the Atlanta market, Conners Landing at Mirror Lake, located in the charming town of Villa Rica. Homeowners will fall in love with the community, its amenities and all that Villa Rica has to offer. Located just minutes from the beloved Mirror Lake Golf Club and downtown Villa Rica, residents of Conners Landing at Mirror Lake will never run out of things to do! Inside the community, Conners Landing at Mi ...

Located just minutes from lively downtown Jacksonville, families will have plenty to do both inside and outside of the community. Placed conveniently at the front of the neighborhood are the dog park and children's playground, which are sure to provide hours of endless fun. Residents will also have access to the Villages of Westport Community Center, offering a pool, basketball courts, a playground and a multi-use field. New homes at Westport Landing start in $340s. Homebuyers can schedule an appointment or ...