LGI Homes(LGIH)
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LGI Homes(LGIH) - 2025 Q2 - Quarterly Results
2025-08-05 12:32
EXHIBIT 99.1 LGI Homes, Inc. Reports Second Quarter 2025 Results THE WOODLANDS, Texas, August 5, 2025 (GLOBE NEWSWIRE) - LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the second quarter and the six months ended June 30, 2025. "We delivered solid results in the second quarter including profitability metrics at the high end of our prior guidance range," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "In the second quarter, we delivered 1,323 homes at an average sale ...
LGI Homes, Inc. Reports Second Quarter 2025 Results
Globenewswire· 2025-08-05 11:00
Core Insights - LGI Homes, Inc. reported solid financial results for Q2 2025, achieving profitability metrics at the high end of prior guidance [1] - The company delivered 1,323 homes with an average sales price of $365,446, generating $483.5 million in revenue [2] - Despite resilient demand for homeownership, affordability challenges due to interest rates led to a decline in net orders [3] - The company has withdrawn its full-year 2025 guidance but provided a more cautious outlook for Q3 2025 [4] Financial Performance - Home sales revenues for Q2 2025 were $483.5 million, down from $602.5 million in Q2 2024 [20] - Gross margin increased to 22.9%, while adjusted gross margin rose to 25.5%, both reflecting a sequential increase of 190 basis points [2][20] - Net income for Q2 2025 was $31.5 million, translating to $1.36 basic and diluted EPS, compared to $58.6 million and $2.49 EPS in Q2 2024 [20] Market Conditions - The company experienced a sequential decline in net orders due to economic uncertainty and high interest rates, with net orders for the six months ending June 30, 2025, at 2,528, down from 3,541 in the previous year [30] - The cancellation rate increased to 24.2% in 2025 from 19.5% in 2024, indicating challenges in maintaining order volumes [30] - The ending backlog as of June 30, 2025, consisted of 808 homes valued at $322.5 million, significantly lower than the previous year's backlog of 1,393 homes valued at $553.6 million [30] Operational Highlights - The company repurchased 367,568 shares of common stock during Q2 2025 for a total of $20.6 million [2] - As of June 30, 2025, LGI Homes had 146 active selling communities and controlled a total of 64,756 lots [9] - The company aims to improve profit margins and earnings per share through cost-saving measures and operational efficiencies [2]
LGI Homes Debuts Rhyne Court in Gastonia, NC
GlobeNewswire News Room· 2025-07-30 20:00
Core Insights - LGI Homes has launched a new townhome community named Rhyne Court in Gastonia, North Carolina, with prices starting at $249,900 and zero down payment options available [1][2] Company Overview - LGI Homes 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 [7] - The company is recognized for its quality construction and exceptional customer service, earning accolades such as being named to Newsweek's list of the World's Most Trustworthy Companies [7] Community Features - Rhyne Court will consist of 130 townhomes with various floor plans, including options with double primary suites, 4-bedroom layouts, and homes featuring basements and garages [2][8] - The community offers low-maintenance living with exterior upkeep managed by the HOA, including lawn care and roof maintenance [3] Location Benefits - The community is conveniently located 30 minutes from Charlotte Douglas International Airport and near major employers like the Amazon Distribution Center [4] - Residents will have access to local attractions such as Crowders Mountain State Park and the Schiele Museum of Natural History [4] Sales and Promotions - A grand opening event is scheduled for August 2 and 3, 2025, where homebuyers can take advantage of discounts and save thousands on new homes [6] - The buying process is simplified with builder-paid closing costs and no down payment required, making it accessible for first-time buyers and families [5]
Earnings Preview: LGI Homes (LGIH) Q2 Earnings Expected to Decline
ZACKS· 2025-07-29 15:10
LGI Homes (LGIH) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 5. On the ...
LGI Homes Debuts Robindale Community East of Downtown Winston-Salem
Globenewswire· 2025-07-25 12:00
Core Insights - LGI Homes, Inc. is launching its new community, Robindale, in Winston-Salem, with special discounts and incentives for the opening weekend on July 26, 2025 [1][2] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [7] - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [7] Community Features - Robindale is strategically located for easy commutes to downtown Winston-Salem, nearby employers, schools, parks, and shopping [2] - The community will offer single-family homes with three to four bedrooms and living spaces up to 2,000 square feet, featuring modern designs and high-quality finishes [3][4] - Each home includes the CompleteHome™ package, which consists of various modern upgrades at no additional cost [4] Home Offerings - The homes at Robindale include several floor plans, such as: - The Ashe: 1,388 square feet, three bedrooms, two bathrooms [8] - The Carolina: 1,700 square feet, three bedrooms, two-and-a-half bathrooms [8] - The Avery: 1,800 square feet, three bedrooms, two-and-a-half bathrooms [8] - The Durham: 1,548 square feet, three bedrooms, two-and-a-half bathrooms, exclusive to Robindale [8] - The Cary: 1,552 square feet, three bedrooms, two bathrooms [8] - The Camden: 2,002 square feet, four bedrooms, two-and-a-half bathrooms [8] Community Benefits - Residents will enjoy a peaceful environment while being close to cultural attractions and entertainment in downtown Winston-Salem [5] - The community offers move-in ready homes and builder-paid closing costs, presenting a valuable opportunity for homeownership in a growing area [5]
LGI Homes Unveils New Townhome Plans at Cottonwood Greens in Fort Lupton, Colorado
Globenewswire· 2025-07-23 21:22
Core Insights - LGI Homes, Inc. is launching five new townhome floor plans at Cottonwood Greens, a community located in Fort Lupton, Colorado, with public introduction on July 26, 2025 [1][4] - The starting price for these new townhomes is set at $399,900, featuring innovative layouts and upgraded features [5] Group 1: Community Features - Cottonwood Greens is conveniently located near US-85 and Hwy 52, providing easy access to downtown Denver and local amenities such as parks and schools [2] - The community includes family-friendly amenities like walking trails, open green spaces, and multiple playgrounds [2] Group 2: Townhome Details - The new section will consist of 137 townhomes, increasing the total count of townhomes and single-family homes in the community to 547 [4] - The townhomes will include a CompleteHome™ package with upgrades such as stainless steel Whirlpool® appliances, granite countertops, and fully landscaped front yards at no extra cost [5] Group 3: Company Background - LGI Homes is recognized as a pioneer in the homebuilding industry, operating in 36 markets across 21 states and has closed over 75,000 homes since its founding in 2003 [7] - The company has consistently delivered profitable financial results and has received numerous awards for quality construction and customer service [7]
LGI Homes Unveils New Phase at Atherstone, Bringing More Affordable Homes to Angier, North Carolina
Globenewswire· 2025-07-21 20:38
Core Insights - LGI Homes, Inc. is launching a new phase at Atherstone in Angier, North Carolina, with a Grand Opening scheduled for July 26, 2025, featuring six new floor plans and limited-time discounts [1][2] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, having closed over 75,000 homes since its founding in 2003 [8] - The company has consistently delivered profitable financial results and has been recognized for its quality construction and customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [8] New Development Details - The new section at Atherstone includes six spacious layouts with three to four bedrooms and over 2,000 square feet of living space, starting from the low-$300s [3] - Each home features oversized lots, two-car garages, and fully upgraded kitchens, with the CompleteHome™ package offering premier upgrades at no additional cost [5][3] Community Features - Atherstone is located three miles from US-401, combining small-town charm with big-city convenience, and includes amenities such as a children's playground, dog park, picnic area, and barbecue pits [6] Floor Plan Highlights - The new floor plans include: - Aaron: 3 bed / 2 bath / 1,172 sq. ft. [11] - Blanco: 3 bed / 2 bath / 1,316 sq. ft. [11] - Cary: 3 bed / 2 bath / 1,552 sq. ft. [11] - Birch: 3 bed / 2.5 bath / 1,742 sq. ft. [11] - Avery: 3 bed / 2.5 bath / 1,800 sq. ft. [11] - Camden: 4 bed / 2.5 bath / 2,002 sq. ft. [11]
LGI Homes Debuts Three New Floor Plans at The Valley in Elgin, South Carolina
Globenewswire· 2025-07-15 20:30
Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, focusing on innovative home design, construction, and sales [4] - The company has closed over 75,000 homes since its founding in 2003 and has consistently delivered profitable financial results [4] - LGI Homes has been recognized for its quality construction and customer service, being named to Newsweek's list of the World's Most Trustworthy Companies [4] New Product Launch - LGI Homes has launched three new floor plans at The Valley community in Elgin, SC, with only 36 homes remaining in the 244-lot neighborhood [2][3] - The new floor plans are designed to blend comfort, functionality, and affordability, featuring the CompleteHome™ package with no added cost [2] - Each home includes premium features such as stainless steel appliances, granite countertops, luxury vinyl flooring, and energy-efficient components [2] Floor Plan Details - The Blanco: A one-story home with three bedrooms, two bathrooms, and 1,316 square feet, starting at $282,900 [7] - The Carolina: A two-story design with three bedrooms, two-and-a-half bathrooms, and 1,700 square feet, priced from $298,900 [7][9] - The Avery: Offering 1,800 square feet with three bedrooms and two-and-a-half bathrooms, available from $306,900 [7] Community Features - The Valley community is set in a peaceful, tree-lined area with quick access to Columbia, providing a balance of small-town charm and modern convenience [3] - Residents benefit from proximity to major employers, local schools, shopping, dining, and outdoor recreation [3]
Crystal Creek by LGI Homes Brings Premium Townhome Living to Spring Hill, TN
Globenewswire· 2025-07-11 20:30
Core Insights - LGI Homes, Inc. has launched its new community, Crystal Creek, in the Nashville market, featuring townhomes with included upgrades and convenient access to local amenities [1][2]. Company Overview - LGI Homes 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 quality construction and exceptional customer service, earning accolades such as being named to Newsweek's list of the World's Most Trustworthy Companies [6]. Community Features - Crystal Creek offers two-story townhomes with three bedrooms and two-and-a-half bathrooms, ranging from 1,794 to 1,952 square feet [4][11]. - Homes are equipped with the CompleteHome Plus™ package, featuring upgraded amenities at no additional cost, including chef-ready kitchens with Whirlpool® appliances and smart-home technology [4]. - The community includes various amenities such as parks, multi-purpose fields, and shaded walking trails connecting to the City of Spring Hill Greenway [3]. Pricing and Availability - Move-in ready homes in Crystal Creek start in the mid-$400s, with potential buyers encouraged to schedule appointments or visit the information center [5].
LGI Homes, Inc. Reports June and Second Quarter 2025 Home Closings and Announces Date for Second Quarter Earnings Conference Call
Globenewswire· 2025-07-03 21:49
Company Performance - LGI Homes closed 457 homes in June 2025 and 1,323 homes in the second quarter of 2025 [1] - As of June 30, 2025, the company had 146 active selling communities [1] Upcoming Financial Results - The company plans to release financial results for the second quarter ended June 30, 2025, before the market opens on August 5, 2025 [1] - A conference call will be held at 12:30 p.m. Eastern Time on the same day to discuss the results [1][2] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states [3] - Since its founding in 2003, LGI Homes has closed over 75,000 homes and has delivered profitable financial results every year [3] - The company has been recognized for its quality construction and exceptional customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [3] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2025 Award [3]