LGI Homes Reports Third Quarter 2024 Results and Updates Full Year 2024 Guidance
LGI Homes, Inc. (LGIH)
Last lgi homes, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
investor.lgihomes.com/investor-relations
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Source: GlobeNewswire
THE WOODLANDS, Texas, Nov. 05, 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 millionHome closings increased 0.3% to 1,757 homesAverage sales price per home closed increased 5.2% to $371,004Gross margin as a percentage of home sales revenues decreased 60 basis points to 25.1%Adjusted gross margin* as a percentage of home sales revenues was 27.2% in both comparable periodsNet income before income taxes increased 2.7% to $91.9 millionNet income increased 3.8% to $69.6 million, or $2.96 basic EPS and $2.95 diluted EPS Nine Months Ended September 30, 2024 Highlights Home sales revenues decreased 6.0% to $1.6 billionHome closings decreased 9.6% to 4,495Average sales price per home closed increased 4.0% to $366,007Gross margin as a percentage of home sales revenues increased 190 basis points to 2
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News
- LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2032GlobeNewswire
- LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2032GlobeNewswire
- Time To Worry? Analysts Just Downgraded Their LGI Homes, Inc. (NASDAQ:LGIH) Outlook [Yahoo! Finance]Yahoo! Finance
- LGI Homes, Inc. Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- LGI Homes, Inc. (NASDAQ: LGIH) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $125.00 price target on the stock.MarketBeat
LGIH
Earnings
- 11/5/24 - Beat
LGIH
Sec Filings
- 11/15/24 - Form 8-K
- 11/13/24 - Form 8-K
- 11/12/24 - Form SC
- LGIH's page on the SEC website