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Stock impact report

LGI Homes, Inc. Reports Third Quarter and YTD 2019 Results and Updates 2019 Guidance

LGI Homes, Inc. (LGIH) 
Last lgi homes, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lgihomes.com/investor-relations
Company Research Source: GlobeNewswire
THE WOODLANDS, Texas, Nov. 05, 2019 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq:LGIH) today announced results for the third quarter 2019 and the nine months ended September 30, 2019. Third Quarter 2019 Results and Comparisons to Third Quarter 2018 Net Income of $49.3 million, or $2.15 Basic EPS and $1.93 Diluted EPSNet Income Before Income Taxes increased 32.1% to $64.7 millionHome Sales Revenues increased 27.0% to $483.1 millionHome Closings increased 25.1% to 2,003Average Home Sales Price increased 1.5% to $241,179Gross Margin as a Percentage of Homes Sales Revenues was 24.1%Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues was 26.3%Active Selling Communities at September 30, 2019 increased 27.2% to 10348,803 Total Owned and Controlled Lots at September 30, 2019 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. Nine Months Ended September 30 Show less Read more
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