Core Insights - LGI Homes, Inc. has launched its luxury brand, Terrata Homes, in a new master-planned community called Stoneridge Hills located in Rock Hill, South Carolina, providing modern homes with easy access to Charlotte, North Carolina [1][2] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its inception in 2003 [6] - The company is recognized for its innovative approach to homebuilding and has consistently delivered profitable financial results, earning accolades such as being named one of Newsweek's World's Most Trustworthy Companies [6] Community Features - Stoneridge Hills offers a variety of amenities including pickleball and bocce ball courts, cornhole stations, a children's playground, a dog park, and a private neighborhood park with a picnic area [3] - The community is strategically located near exceptional schools, dining, shopping, and entertainment options [3] Home Offerings - Terrata Homes at Stoneridge Hills features three- and four-bedroom homes with modern designs and upgrades, starting in the low-$500s [4][5] - Homes include spacious open-concept floor plans, stainless steel kitchen appliances, quartz countertops, energy-efficient features, and flexible spaces such as game rooms and covered outdoor living areas [4]

THE WOODLANDS, Texas, March 05, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 351 homes in February 2025. As of February 28, 2025, the Company had 150 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 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) Delaware 46-3088013 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - Revenue in Q4 2024 was $557.4 million, a decrease of 8.4% year-over-year, driven by a 12.8% decrease in closings of 1,533 homes, partially offset by a 5.1% increase in average selling price to $363,598 [21][22] - Full-year revenue was $2.2 billion, a decrease of 6.6%, driven by a 10.4% decrease in closings, offset by a 4.2% increase in average sales price to $365,394 [26] - Full-year gross margin was 24.2%, and adjusted gross margin was 26.3%, representing year-over-year increases of 120 basis points and 160 basis points respectively [27] - Pretax net income for Q4 was $67.1 million, or 12% of revenue, compared to 11.3% in the same period last year [25] Business Line Data and Key Metrics Changes - The company delivered 1,636 homes in Q4, including a bulk sale of 103 homes, resulting in total closings of 6,131 for the year [12][13] - Fourth-quarter closings, excluding the bulk sale, were 1,533 homes, leading to full-year closings of 6,028 homes [13] - The wholesale business closed 173 homes in Q4, representing 11.3% of total closings, down from 17% in the same period last year [22] Market Data and Key Metrics Changes - The top five markets for the company were Charlotte and Las Vegas, with 7.4% closings per community per month, followed by Washington DC at 6.7%, Raleigh at 6.3%, and Fort Pierce at 5.5% [14] - The cancellation rate for Q4 was 28%, compared to 37.8% during the same period last year, indicating improved demand stability [28] Company Strategy and Development Direction - The company plans to close between 6,200 and 7,000 homes in 2025, with a focus on maintaining profitability through operational discipline and strategic investments [36][41] - The company is investing around $20,000 per home on average to offer incentives to customers, including closing costs and interest rate buy-downs [38][39] - The company aims to continue expanding its community count, having opened 80 new communities in 2024, representing a 29% year-over-year increase [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the increase in mortgage rates and economic uncertainties have created challenges, but they remain optimistic about long-term housing demand due to resilient employment and demographic trends [18][35] - The outlook for 2025 anticipates continued challenges in affordability, but management believes that strategic investments and operational efficiencies will support growth [41] Other Important Information - The company ended the year with nearly $1.5 billion of debt outstanding and a debt-to-capital ratio of 42.1% [33] - The company repurchased 307,867 shares of common stock for $30.8 million during the year [34] Q&A Session Summary Question: Can you elaborate on the gross margins and the factors affecting them? - Management expects gross margins to remain similar year-over-year, despite anticipated cost increases, and plans to offset these through pricing and customer incentives [47][48] Question: What has changed regarding the sales pace for 2025? - Management noted a slower start to 2025 compared to 2024, influenced by higher mortgage rates and the integration of new community openings [50][52] Question: Can you provide details on units under construction? - The company had over 4,000 total units in inventory, with approximately 2,500 completed and about 1,360 homes in progress [57] Question: How are incentives impacting demand? - Management indicated that while demand remains, affordability challenges are significant, necessitating increased marketing spend to attract potential buyers [81][82] Question: What aspects of the guidance are considered conservative? - Management highlighted that the average selling price (ASP) guidance is conservative, as they expect to raise prices to offset cost inflation [70][71]

LGI Homes (LGIH) reported $557.4 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 8.4%. EPS of $2.15 for the same period compares to $2.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $595.85 million, representing a surprise of -6.45%. The company delivered an EPS surprise of -6.93%, with the consensus EPS estimate being $2.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

LGI Homes (LGIH) came out with quarterly earnings of $2.15 per share, missing the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.93%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of $2.53 per share when it actually produced earnings of $2.95, delivering a ...

EXHIBIT 99.1 LGI Homes, Inc. Reports Fourth Quarter and Full Year 2024 Results and Issues Guidance for 2025 THE WOODLANDS, Texas, February 25, 2025 (GLOBE NEWSWIRE) - LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the fourth quarter and year ended December 31, 2024. "In the face of a mixed macroeconomic backdrop, our strong finish in the fourth quarter enabled us to meet, and in many cases exceed, our strategic goals for 2024," said Eric Lipar, Chairman and Chief Executive Officer of L ...

Core Insights - LGI Homes, Inc. reported financial results for Q4 and the full year 2024, achieving strategic goals despite a mixed macroeconomic environment [1][2] - The company closed 6,131 homes in 2024, including a bulk sale of 103 leased homes, and ended the year with a record 151 active communities, a 29.1% increase [2][7] - Profitability improved with a full-year gross margin of 24.2% and an adjusted gross margin of 26.3%, both reflecting increases over 2023 [2][7] Financial Performance - Q4 2024 home sales revenues decreased by 8.4% to $557.4 million, while home closings fell by 12.8% to 1,533 homes [7] - The average sales price per home closed increased by 5.1% to $363,598 [7] - Full-year home sales revenues decreased by 6.6% to $2.2 billion, with home closings down 10.4% to 6,028 homes [7] - Net income before income taxes for the year decreased by 1.1% to $258.9 million, while net income fell by 1.6% to $196.1 million [7] Operational Highlights - The company maintained a pre-tax net income margin of 11.8%, up 70 basis points from the previous year [2] - As of December 31, 2024, LGI Homes had total owned and controlled lots of 70,899 and an ending backlog of 599 homes valued at $236.5 million [7][29] - The company plans to continue strategic investments to drive growth in the coming years [2] 2025 Outlook - For 2025, LGI Homes projects full-year closings between 6,200 and 7,000 homes, with an average sales price between $360,000 and $370,000 [3][12] - The company anticipates gross margins between 23.2% and 24.2%, and adjusted gross margins between 25.5% and 26.5% [3][12] - The outlook reflects a conservative approach due to ongoing affordability challenges in the housing market [3]

Core Insights - LGI Homes, Inc. has announced the grand opening of Ligurian Village, a new community in Stockton, California, aimed at providing affordable housing options for homebuyers [1] - The community features three-, four-, and five-bedroom homes with spacious layouts and includes the CompleteHome™ package with various upgrades at no additional cost [2] - Ligurian Village is strategically located near downtown Stockton, offering residents access to schools, shopping, dining, and outdoor activities, with convenient transportation links [3] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, recognized for its innovative approach to homebuilding [7] - Since its founding in 2003, LGI Homes has closed over 75,000 homes and has consistently delivered profitable financial results [7] - The company has received national recognition for quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [7]

Core Insights - LGI Homes, Inc. has opened two new communities in northeast Atlanta: Lake Preserve at Jackson Trail in Jefferson and Oakwood Terrace in Oakwood, with homes starting in the low-$300s [1] Group 1: Community Features - Lake Preserve at Jackson Trail offers a peaceful atmosphere with amenities such as a private lake, playground, and pavilion, ideal for families and outdoor enthusiasts [2] - Oakwood Terrace features modern, move-in ready townhomes with an open-concept layout, located near I-985 and Lake Lanier, providing easy access to shopping and recreational opportunities [4] Group 2: Company Commitment - LGI Homes emphasizes a seamless homebuying experience and aims to match families with homes that fit their needs, contributing to community growth [3][5] - The company ensures high-quality construction with the CompleteHome™ package, which includes energy-efficient appliances and stylish finishes at no extra cost [6] Group 3: Company Overview - Headquartered in The Woodlands, Texas, LGI Homes operates in 36 markets across 21 states and has closed over 75,000 homes since its founding in 2003, maintaining profitable financial results annually [8] - Recognized for quality construction and customer service, LGI Homes has received multiple workplace awards, including the Top Workplaces USA 2024 Award [8]