LGI Homes(LGIH) - 2025 Q1 - Earnings Call Presentation

In addition to the financial statements presented in accordance with U.S. generally accepted accounting principles ("GAAP"), LGI Homes uses certain non-GAAP financial measures, including Adjusted Gross Margin. Adjusted Gross Margin is a non-GAAP financial measure used by management as a supplemental measure in evaluating LGI Homes' operating performance. LGI Homes defines Adjusted Gross Margin as Gross Margin less Capitalized Interest and adjustments resulting from the application of purchase accounting inc ...