LGI Homes

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It focuses on residential land development business. It operates through the following segments: Central, West, Southeast, Florida,Midwest, Mid-Atlantic and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

Earnings data Q1 2021

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LGI Homes excels in Q2 2024, eyes growth amidst cost challenges

LGI Homes delivered strong financial performance in Q2 2024, with notable revenue growth, margin improvement, and earnings per share increase.
The company's focus on customer value, employee recognition, and growth targets positions it well for future expansion and profitability.
While challenges related to affordability persist, LGI Homes is poised to capitalize on opportunities through strategic initiatives and market differentiation.

LGI Homes posts strong Q3 results, boosts margins, eyes growth

LGI Homes demonstrated robust financial performance, operational efficiency, and market expansion in Q3 2024, underpinned by improved margins and profitability.
While facing challenges in debt management and market uncertainties, the company's strengths in trustworthiness, financial flexibility, and margin guidance offer a solid foundation for future growth.
By capitalizing on opportunities in housing demand, strategic investments, and technology integration, LGI Homes can navigate challenges and drive sustainable growth in a competitive market landscape.

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LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. It focuses on the residential land development business. It operates through the following segments: Central, West, Southeast, Florida, Midwest, Mid-Atlantic, and Northwest. The company was founded by Eric Thomas Lipar in 2003 and is headquartered in The Woodlands, TX.

SEATTLE, March 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced Terrata Homes, the company's luxury brand, is now selling homes in its newest community in the Seattle, Washington market, Skyway Village. This new neighborhood provides homebuyers with a variety of upgraded homes highlighting spacious layouts and modern finishes.

Terrata Homes Expands Presence with A New Community in Seattle

ATLANTA, March 01, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced its newest community in the Atlanta market, Bold Springs Farm, offering gorgeous new-construction homes in an exceptional Lawrenceville neighborhood. Ideally located, the new community of Bold Springs Farm offers an abundance of activity.

LGI Homes Introduces its Newest Community in the Atlanta Market

OXFORD, N.C., Feb. 29, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) proudly announces the opening of The Meadows at Oxford, a new community offering brand-new, single-family homes in historic Oxford, NC.

LGI Homes Opens New Community in the Raleigh Market

NEWMAN, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of its first community in the Modesto, California market, Mattos Ranch.

LGI Homes Announces its First Community in the Modesto Market

LGI Homes, Inc. (LGIH) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for LGI Homes (LGIH) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About LGI Homes (LGIH) Q4 Earnings

THE WOODLANDS, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the fourth quarter and year ended December 31, 2023.

LGI Homes, Inc. Reports Fourth Quarter and Full Year 2023 Results and Issues Guidance for 2024

BROOKSVILLE, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) has announced further expansion of Terrata Homes into the Tampa market with the opening of Southern Hills, an incredible gated neighborhood in Brooksville, Florida.

Terrata Homes Continues Growth in Tampa Market with the Opening of Southern Hills

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JACKSONVILLE, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) a nationally recognized homebuilder, proudly announces the grand opening of Whisper Ridge, an idyllic community nestled in Hilliard, Florida, with homes starting in the $290s.

LGI Homes Unveils Whisper Ridge, a New Community Near Jacksonville

THE WOODLANDS, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 225 homes in January 2024.

LGI Homes, Inc. Reports January 2024 Home Closings

TUCSON, Ariz., Feb. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH), a renowned builder of quality new-construction homes, proudly announced the grand opening of Star Valley, its latest community nestled within the vibrant city of Tucson, Arizona, near Valencia West.

LGI Homes Opens in Star Valley, a Master-Planned Community in Tucson

STRASBURG, Colo., Feb. 01, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc (NASDAQ LGIH) announces the opening of its newest community, Wolf Creek Run, in the charming town of Strasburg, CO.

LGI Homes Introduces New Community in Denver Market

THE WOODLANDS, Texas, Jan. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 676 homes in December 2023 compared to 504 homes in December 2022, representing year-over-year growth of 34.1%. As a result, the Company closed a total of 1,758 homes in the fourth quarter, representing year-over-year growth of 21.4%, and 6,729 homes for the full year 2023, representing year-over-year growth of 1.6%.

LGI Homes Delivers Annual Home Closings and Sets Date for Fourth Quarter and 2023 Year End Earnings Conference Call

HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of two new communities in the Houston market: Emberly in Beasley and Wayside Village in northeast Houston. Both communities offer exceptional new homes starting in the $200s, and are located minutes away from major employers and exciting area attractions.

LGI Homes Opens Two Brand-New Communities in the Houston Market

THE WOODLANDS, Texas, Dec. 05, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 522 homes in November 2023, up from 412 homes closed in November 2022, representing year-over-year growth of 26.7%. As of November 30, 2023, the Company had 112 active selling communities.

LGI Homes, Inc. Reports November 2023 Home Closings

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LGI Homes, Inc. stock gained 6.3% after reporting earnings, with a return to pre-pandemic margin levels. The company's gross margins have improved, driven by pricing power through strong demand, lower input costs, and mix improvements. LGIH's revenue growth is modest but is expected to continue as the company plans to expand its number of communities.

LGI Homes: Buying Into The Margin Recovery

THE WOODLANDS, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has priced its previously announced offering (the “Offering”) of $400 million aggregate principal amount of unsecured Senior Notes due 2028 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes will bear interest at a rate of 8.750% per annum.

LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2028

THE WOODLANDS, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) (“LGI Homes” or the “Company”) today announced that it has commenced a private offering (the “Offering”) of $400 million aggregate principal amount of unsecured Senior Notes due 2028 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The timing of pricing and terms of the Notes are subject to market conditions and other factors.

LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2028

KATY, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) has announced that its luxury brand, Terrata Homes, has begun selling homes in Sunterra, a top-selling master-planned community located in Katy, Texas. This amenity-rich community provides homebuyers with a wide selection of upgraded homes showcasing spacious layouts and modern finishes in a premier location.

Terrata Homes Opens Newest Community in Katy, Texas

THE WOODLANDS, Texas, Nov. 03, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 560 homes in October 2023, up from 532 homes closed in October 2022, representing year-over-year growth of 5.3%. As of October 31, 2023, the Company had 108 active selling communities.

LGI Homes, Inc. Reports October 2023 Home Closings

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LGI Homes, Inc. (NASDAQ:LGIH ) Q3 2023 Earnings Conference Call October 31, 2023 12:30 PM ET Company Participants Joshua Fattor - Vice President of Investor Relations & Capital Markets Eric Lipar - Chairman of the Board & Chief Executive Officer Charles Merdian - Chief Financial Officer & Treasurer Conference Call Participants Andrew Azzi - JPMorgan Truman Patterson - Wolfe Ken Zener - Seaport Research Carl Reichardt - BTIG Jay McCanless - Wedbush Operator Welcome to LGI Homes Third Quarter 2023 Conference Call. Today's call is being recorded and a replay will be available on the company's website at www.lgihomes.com.

LGI Homes, Inc. (LGIH) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for LGI Homes (LGIH) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for LGI Homes Stock (LGIH)