LGI Homes Key Executives
This section highlights LGI Homes's key executives, including their titles and compensation details.
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LGI Homes Earnings
This section highlights LGI Homes's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-25 | $2.31 | $2.15 |
| Read Transcript | Q3 | 2024 | 2024-11-05 | $2.54 | $2.95 |
| Read Transcript | Q2 | 2024 | 2024-07-30 | $2.18 | $2.48 |
| Read Transcript | Q1 | 2024 | 2024-04-30 | $1.06 | $0.72 |
| Read Transcript | Q4 | 2023 | 2024-02-20 | $2.54 | $2.19 |
| Read Transcript | Q3 | 2023 | 2023-10-31 | $2.18 | $2.84 |
| Read Transcript | Q2 | 2023 | 2023-08-01 | $1.84 | $2.25 |
| Read Transcript | Q1 | 2023 | 2023-05-02 | $1.25 | $1.14 |
LGI Homes, Inc. designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to companies looking to acquire single-family rental properties. As of December 31, 2021, it owned 101 communities. The company serves customers in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, and Pennsylvania. LGI Homes, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas.
$70.88
Stock Price
$1.66B
Market Cap
1.17K
Employees
The Woodlands, TX
Location
Financial Statements
Access annual & quarterly financial statements for LGI Homes, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.20B | $2.36B | $2.30B | $3.05B | $2.37B |
| Cost of Revenue | $1.67B | $1.82B | $1.66B | $2.23B | $1.76B |
| Gross Profit | $533.29M | $542.19M | $646.60M | $818.03M | $603.10M |
| Gross Profit Ratio | 24.21% | 23.00% | 28.06% | 26.80% | 25.47% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $121.19M | $117.35M | $111.56M | $100.33M | $90.02M |
| Selling and Marketing Expenses | $199.95M | $191.58M | $144.93M | $170.00M | $148.37M |
| Selling General and Administrative Expenses | $321.14M | $308.93M | $256.49M | $270.34M | $238.39M |
| Other Expenses | $- | $- | $28.01M | $9.05M | $3.14M |
| Operating Expenses | $321.14M | $308.93M | $256.49M | $270.34M | $238.39M |
| Cost and Expenses | $1.99B | $2.13B | $1.91B | $2.50B | $2.00B |
| Interest Income | $- | $- | $- | $- | $- |
| Interest Expense | $- | $87.60M | $- | $28.36M | $37.28M |
| Depreciation and Amortization | $- | $2.41M | $1.58M | $1.15M | $710.00K |
| EBITDA | $212.15M | $235.66M | $391.68M | $548.85M | $370.29M |
| EBITDA Ratio | 9.63% | 9.99% | 16.93% | 18.41% | 15.40% |
| Operating Income | $212.15M | $233.25M | $390.11M | $547.70M | $364.71M |
| Operating Income Ratio | 9.63% | 9.89% | 16.93% | 17.96% | 15.40% |
| Total Other Income Expenses Net | $46.77M | $28.50M | $28.01M | $-4.92M | $3.14M |
| Income Before Tax | $258.91M | $261.75M | $418.12M | $542.77M | $367.85M |
| Income Before Tax Ratio | 11.75% | 11.10% | 18.14% | 17.80% | 15.53% |
| Income Tax Expense | $62.84M | $62.53M | $91.55M | $113.13M | $43.95M |
| Net Income | $196.07M | $199.23M | $326.57M | $429.64M | $323.89M |
| Net Income Ratio | 8.90% | 8.45% | 14.17% | 14.09% | 13.68% |
| EPS | $8.33 | $8.48 | $13.90 | $17.46 | $12.89 |
| EPS Diluted | $8.30 | $8.42 | $13.76 | $17.25 | $12.76 |
| Weighted Average Shares Outstanding | 23.53M | 23.51M | 23.49M | 24.61M | 25.14M |
| Weighted Average Shares Outstanding Diluted | 23.61M | 23.65M | 23.73M | 24.91M | 25.38M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $557.40M | $651.85M | $602.50M | $690.30M | $608.41M | $617.54M | $645.27M | $487.36M | $488.26M | $547.07M | $723.07M | $546.05M | $801.08M | $751.61M | $791.51M | $705.95M | $897.40M | $534.20M | $481.60M | $454.73M |
| Cost of Revenue | $429.88M | $488.36M | $451.61M | $299.45M | $465.79M | $458.73M | $503.33M | $388.54M | $387.23M | $391.27M | $491.71M | $387.64M | $589.36M | $549.32M | $577.43M | $516.00M | $654.07M | $398.97M | $363.63M | $348.16M |
| Gross Profit | $127.51M | $163.49M | $150.88M | $390.85M | $142.63M | $158.81M | $141.94M | $98.82M | $101.03M | $155.80M | $231.36M | $158.41M | $211.72M | $202.29M | $214.08M | $189.95M | $243.33M | $135.23M | $117.97M | $106.56M |
| Gross Profit Ratio | 22.88% | 25.10% | 25.00% | 56.60% | 23.40% | 25.70% | 22.00% | 20.30% | 20.70% | 28.50% | 32.00% | 29.00% | 26.40% | 26.90% | 27.00% | 26.90% | 27.11% | 25.31% | 24.50% | 23.43% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $31.17M | $27.99M | $30.49M | $31.54M | $33.02M | $26.75M | $27.63M | $29.96M | $26.91M | $27.28M | $29.08M | $28.29M | $27.85M | $24.48M | $23.28M | $24.72M | $27.60M | $22.32M | $20.18M | $19.92M |
| Selling and Marketing Expenses | $50.75M | $55.20M | $52.87M | $41.13M | $49.77M | $49.78M | $49.23M | $42.80M | $33.32M | $33.94M | $43.27M | $34.40M | $42.55M | $39.87M | $44.80M | $42.78M | $50.17M | $35.47M | $29.96M | $32.76M |
| Selling General and Administrative Expenses | $81.92M | $83.19M | $83.36M | $72.67M | $82.79M | $76.53M | $76.85M | $72.77M | $60.23M | $61.22M | $72.35M | $62.69M | $70.41M | $64.35M | $68.07M | $67.51M | $77.77M | $57.79M | $50.14M | $52.69M |
| Other Expenses | $- | $- | $9.36M | $4.36M | $8.71M | $7.17M | $6.32M | $6.30M | $6.05M | $14.12M | $4.01M | $3.83M | $2.07M | $2.37M | $3.78M | $833.00K | $991.00K | $374.00K | $763.00K | $1.01M |
| Operating Expenses | $81.92M | $83.19M | $83.36M | $72.67M | $82.79M | $76.53M | $76.85M | $72.77M | $60.23M | $61.22M | $72.35M | $62.69M | $70.41M | $64.35M | $68.07M | $67.51M | $77.77M | $57.79M | $50.14M | $52.69M |
| Cost and Expenses | $511.81M | $571.55M | $534.98M | $72.67M | $548.57M | $535.26M | $580.18M | $461.31M | $447.46M | $452.50M | $564.06M | $450.33M | $659.77M | $613.67M | $645.50M | $583.51M | $731.84M | $456.76M | $413.77M | $400.85M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $6.30M | $21.58M | $22.12M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $830.00K | $777.00K | $673.00K | $628.00K | $793.00K | $505.00K | $482.00K | $442.00K | $404.00K | $382.00K | $348.00K | $322.00K | $295.00K | $249.00K | $288.00K | $201.00K | $192.00K | $156.00K | $161.00K |
| EBITDA | $45.59M | $80.31M | $69.47M | $19.41M | $60.47M | $83.07M | $68.30M | $26.53M | $42.65M | $94.98M | $161.41M | $99.90M | $143.39M | $138.23M | $146.26M | $123.56M | $167.36M | $78.01M | $68.75M | $55.05M |
| EBITDA Ratio | 8.18% | 12.32% | 11.34% | 2.71% | 9.94% | 13.32% | 10.09% | 5.35% | 8.36% | 17.36% | 22.04% | 18.29% | 17.64% | 18.71% | 18.56% | 17.50% | 18.45% | 14.60% | 14.28% | 12.11% |
| Operating Income | $45.59M | $80.31M | $67.52M | $18.73M | $59.84M | $82.28M | $65.09M | $26.05M | $40.80M | $94.58M | $159.01M | $95.72M | $141.31M | $137.94M | $146.01M | $122.44M | $165.56M | $77.44M | $67.83M | $53.88M |
| Operating Income Ratio | 8.18% | 12.32% | 11.21% | 2.71% | 9.84% | 13.32% | 10.09% | 5.35% | 8.36% | 17.29% | 21.99% | 17.53% | 17.64% | 18.35% | 18.45% | 17.34% | 18.45% | 14.50% | 14.09% | 11.85% |
| Total Other Income Expenses Net | $21.50M | $11.55M | $9.36M | $4.36M | $8.71M | $7.17M | $6.32M | $6.30M | $6.05M | $14.12M | $4.01M | $3.83M | $2.07M | $-10.94M | $3.11M | $833.00K | $991.00K | $374.00K | $763.00K | $1.01M |
| Income Before Tax | $67.08M | $91.85M | $76.88M | $23.09M | $68.55M | $89.45M | $71.41M | $32.35M | $46.85M | $108.70M | $163.01M | $99.55M | $143.38M | $126.99M | $149.12M | $123.28M | $166.55M | $77.81M | $68.60M | $54.89M |
| Income Before Tax Ratio | 12.04% | 14.09% | 12.76% | 3.35% | 11.27% | 14.48% | 11.07% | 6.64% | 9.60% | 19.87% | 22.54% | 18.23% | 17.90% | 16.90% | 18.84% | 17.46% | 18.56% | 14.57% | 14.24% | 12.07% |
| Income Tax Expense | $16.21M | $22.28M | $18.31M | $6.04M | $16.46M | $22.41M | $18.27M | $5.39M | $12.74M | $18.31M | $39.64M | $20.86M | $32.08M | $26.44M | $30.99M | $23.62M | $30.12M | $-11.19M | $12.97M | $12.05M |
| Net Income | $50.87M | $69.58M | $58.57M | $17.05M | $52.09M | $67.04M | $53.13M | $26.96M | $34.12M | $90.39M | $123.38M | $78.69M | $111.30M | $100.55M | $118.13M | $99.66M | $136.43M | $89.00M | $55.62M | $42.84M |
| Net Income Ratio | 9.13% | 10.67% | 9.72% | 2.47% | 8.56% | 10.86% | 8.23% | 5.53% | 6.99% | 16.52% | 17.06% | 14.41% | 13.89% | 13.38% | 14.93% | 14.12% | 15.20% | 16.66% | 11.55% | 9.42% |
| EPS | $2.16 | $2.96 | $2.49 | $0.72 | $2.21 | $2.85 | $2.26 | $1.15 | $1.46 | $3.88 | $5.24 | $3.30 | $4.61 | $4.10 | $4.75 | $3.99 | $5.45 | $3.55 | $2.22 | $1.69 |
| EPS Diluted | $2.15 | $2.95 | $2.48 | $0.72 | $2.19 | $2.84 | $2.25 | $1.14 | $1.45 | $3.85 | $5.20 | $3.25 | $4.53 | $4.05 | $4.71 | $3.95 | $5.34 | $3.52 | $2.21 | $1.67 |
| Weighted Average Shares Outstanding | 23.50M | 23.50M | 23.54M | 23.58M | 23.57M | 23.55M | 23.53M | 23.38M | 23.29M | 23.27M | 23.55M | 23.84M | 24.14M | 24.51M | 24.84M | 24.95M | 25.05M | 25.09M | 25.07M | 25.32M |
| Weighted Average Shares Outstanding Diluted | 23.62M | 23.58M | 23.60M | 23.68M | 23.74M | 23.64M | 23.61M | 23.63M | 23.51M | 23.49M | 23.75M | 24.19M | 24.56M | 24.82M | 25.06M | 25.22M | 25.53M | 25.26M | 25.15M | 25.59M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $53.20M | $48.98M | $32.00M | $50.51M | $35.94M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $53.20M | $48.98M | $32.00M | $50.51M | $35.94M |
| Net Receivables | $28.72M | $41.32M | $25.14M | $57.91M | $115.94M |
| Inventory | $3.39B | $3.11B | $2.90B | $2.09B | $1.57B |
| Other Current Assets | $- | $- | $- | $- | $- |
| Total Current Assets | $3.47B | $3.20B | $2.96B | $2.19B | $1.72B |
| Property Plant Equipment Net | $57.04M | $45.52M | $33.00M | $16.94M | $3.62M |
| Goodwill | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M |
| Long Term Investments | $-210.44M | $30.35M | $11.20M | $40.70M | $37.21M |
| Tax Assets | $9.27M | $8.16M | $6.19M | $6.20M | $6.99M |
| Other Non-Current Assets | $- | $113.85M | $106.99M | $81.68M | $44.88M |
| Total Non-Current Assets | $78.33M | $209.91M | $169.39M | $157.54M | $104.72M |
| Other Assets | $210.44M | $- | $- | $- | $- |
| Total Assets | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B |
| Account Payables | $33.27M | $31.62M | $25.29M | $14.17M | $13.68M |
| Short Term Debt | $- | $1.53M | $- | $5.33M | $296.68M |
| Tax Payables | $43.08M | $14.69M | $47.04M | $11.60M | $26.18M |
| Deferred Revenue | $- | $- | $- | $-1.42M | $- |
| Other Current Liabilities | $61.58M | $187.64M | $-47.04M | $50.75M | $-187.85M |
| Total Current Liabilities | $137.93M | $235.48M | $365.42M | $150.78M | $148.68M |
| Long Term Debt | $1.48B | $1.25B | $1.12B | $805.24M | $543.68M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $207.32M | $64.59M | $-5.18M | $79.48M | $-5.29M |
| Total Non-Current Liabilities | $1.69B | $1.32B | $1.12B | $805.24M | $538.40M |
| Other Liabilities | $-104.66M | $- | $- | $- | $- |
| Total Liabilities | $1.72B | $1.55B | $1.48B | $956.02M | $687.08M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $276.00K | $275.00K | $272.00K | $269.00K | $267.00K |
| Retained Earnings | $2.09B | $1.89B | $1.69B | $1.36B | $934.28M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $0 | $-0 | $0 |
| Other Total Stockholders Equity | $-48.84M | $-33.96M | $-48.35M | $31.66M | $204.46M |
| Total Stockholders Equity | $2.04B | $1.86B | $1.64B | $1.40B | $1.14B |
| Total Equity | $2.04B | $1.86B | $1.64B | $1.40B | $1.14B |
| Total Liabilities and Stockholders Equity | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.76B | $3.41B | $3.12B | $2.35B | $1.83B |
| Total Investments | $-210.44M | $30.35M | $11.20M | $40.70M | $37.21M |
| Total Debt | $1.48B | $1.36B | $1.26B | $805.24M | $538.40M |
| Net Debt | $1.43B | $1.31B | $1.23B | $754.72M | $502.46M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $53.20M | $60.90M | $51.07M | $49.00M | $48.98M | $46.98M | $43.33M | $42.97M | $32.00M | $52.66M | $41.97M | $53.33M | $50.51M | $46.72M | $111.70M | $48.16M | $35.94M | $46.34M | $49.10M | $118.23M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $53.20M | $60.90M | $51.07M | $49.00M | $48.98M | $46.98M | $43.33M | $42.97M | $32.00M | $52.66M | $41.97M | $53.33M | $50.51M | $46.72M | $111.70M | $48.16M | $35.94M | $46.34M | $49.10M | $118.23M |
| Net Receivables | $28.72M | $49.02M | $43.21M | $27.15M | $41.32M | $35.65M | $48.17M | $21.87M | $25.14M | $37.45M | $52.11M | $48.49M | $57.91M | $49.17M | $69.52M | $59.23M | $115.94M | $62.02M | $58.23M | $45.01M |
| Inventory | $3.39B | $3.44B | $3.36B | $3.23B | $3.11B | $3.06B | $2.89B | $2.88B | $2.90B | $2.87B | $2.63B | $2.34B | $2.09B | $1.91B | $1.75B | $1.61B | $1.57B | $1.55B | $1.46B | $1.48B |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $3.47B | $3.55B | $3.45B | $3.31B | $3.20B | $3.14B | $2.98B | $2.95B | $2.96B | $2.96B | $2.73B | $2.44B | $2.19B | $2.00B | $1.93B | $1.72B | $1.72B | $1.66B | $1.57B | $1.65B |
| Property Plant Equipment Net | $57.04M | $62.00M | $60.84M | $54.48M | $45.52M | $41.87M | $37.79M | $35.27M | $33.00M | $26.05M | $20.31M | $19.42M | $16.94M | $13.36M | $8.57M | $6.16M | $3.62M | $2.28M | $1.88M | $1.89M |
| Goodwill | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M | $12.02M |
| Long Term Investments | $-210.44M | $- | $23.50M | $21.60M | $30.35M | $34.66M | $26.24M | $16.00M | $11.20M | $6.90M | $7.10M | $6.00M | $40.70M | $50.27M | $38.82M | $39.49M | $37.21M | $34.95M | $30.76M | $37.45M |
| Tax Assets | $9.27M | $9.15M | $7.04M | $7.27M | $8.16M | $9.62M | $7.87M | $5.13M | $6.19M | $7.64M | $5.49M | $2.93M | $6.20M | $7.61M | $6.10M | $3.35M | $6.99M | $5.45M | $3.69M | $2.30M |
| Other Non-Current Assets | $- | $193.07M | $143.97M | $122.28M | $113.85M | $97.24M | $75.01M | $87.15M | $106.99M | $98.19M | $100.66M | $116.48M | $81.68M | $66.27M | $61.25M | $47.39M | $44.88M | $51.28M | $22.44M | $20.32M |
| Total Non-Current Assets | $78.33M | $276.24M | $247.38M | $217.64M | $209.91M | $195.41M | $158.93M | $155.57M | $169.39M | $150.79M | $145.57M | $156.85M | $157.54M | $149.53M | $126.75M | $108.41M | $104.72M | $105.98M | $70.78M | $73.97M |
| Other Assets | $210.44M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.76B | $3.83B | $3.70B | $3.52B | $3.41B | $3.34B | $3.14B | $3.10B | $3.12B | $3.11B | $2.87B | $2.59B | $2.35B | $2.15B | $2.06B | $1.83B | $1.83B | $1.76B | $1.64B | $1.72B |
| Account Payables | $33.27M | $53.31M | $66.75M | $46.16M | $31.62M | $67.29M | $59.37M | $39.94M | $25.29M | $55.24M | $40.16M | $21.96M | $14.17M | $35.45M | $57.58M | $41.55M | $13.68M | $31.22M | $15.41M | $19.07M |
| Short Term Debt | $- | $45.73M | $842.00K | $1.26M | $- | $439.00K | $- | $155.23M | $- | $383.00K | $759.00K | $1.13M | $5.33M | $346.00K | $683.00K | $997.00K | $- | $304.00K | $604.00K | $857.00K |
| Tax Payables | $43.08M | $28.90M | $9.62M | $7.66M | $14.69M | $16.32M | $12.39M | $51.07M | $47.04M | $35.49M | $19.62M | $28.92M | $11.60M | $7.82M | $15.69M | $45.60M | $26.18M | $1.65M | $35.31M | $19.65M |
| Deferred Revenue | $- | $- | $9.62M | $7.66M | $- | $-118.91M | $-135.23M | $- | $- | $- | $-759.00K | $-1.13M | $-1.42M | $-346.00K | $-683.00K | $-997.00K | $-172.53M | $- | $- | $- |
| Other Current Liabilities | $61.58M | $84.30M | $134.52M | $161.10M | $-14.69M | $192.44M | $211.74M | $-126.02M | $-47.04M | $-35.87M | $-20.38M | $-30.05M | $50.75M | $-8.16M | $-16.37M | $-46.60M | $40.79M | $-1.95M | $-35.91M | $-20.51M |
| Total Current Liabilities | $137.93M | $212.25M | $272.63M | $266.03M | $235.48M | $341.97M | $355.13M | $380.86M | $365.42M | $202.40M | $131.14M | $109.05M | $150.78M | $89.58M | $120.55M | $123.56M | $148.68M | $78.99M | $92.58M | $71.73M |
| Long Term Debt | $1.48B | $1.55B | $1.51B | $1.39B | $1.25B | $1.20B | $1.06B | $1.05B | $1.12B | $1.24B | $1.16B | $1.01B | $805.24M | $670.59M | $588.03M | $418.20M | $543.68M | $623.69M | $592.92M | $748.98M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $207.32M | $64.01M | $151.10M | $168.11M | $202.56M | $- | $- | $-1 | $-5.18M | $150.82M | $104.92M | $89.06M | $79.48M | $73.05M | $73.63M | $70.60M | $-5.29M | $62.33M | $46.32M | $49.28M |
| Total Non-Current Liabilities | $1.69B | $1.62B | $1.51B | $1.39B | $1.32B | $1.19B | $1.05B | $1.05B | $1.12B | $1.30B | $1.23B | $1.06B | $805.24M | $728.20M | $651.89M | $483.29M | $538.40M | $671.18M | $625.01M | $787.71M |
| Other Liabilities | $-104.66M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.72B | $1.83B | $1.78B | $1.65B | $1.55B | $1.53B | $1.41B | $1.43B | $1.48B | $1.51B | $1.36B | $1.17B | $956.02M | $817.78M | $772.43M | $606.85M | $687.08M | $750.17M | $717.59M | $859.44M |
| Preferred Stock | $- | $- | $- | $- | $- | $0 | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $0 | $- |
| Common Stock | $276.00K | $276.00K | $276.00K | $276.00K | $275.00K | $275.00K | $275.00K | $275.00K | $272.00K | $272.00K | $271.00K | $271.00K | $269.00K | $269.00K | $269.00K | $269.00K | $267.00K | $267.00K | $267.00K | $266.00K |
| Retained Earnings | $2.09B | $2.03B | $1.97B | $1.91B | $1.89B | $1.84B | $1.77B | $1.72B | $1.69B | $1.66B | $1.57B | $1.44B | $1.36B | $1.25B | $1.15B | $1.03B | $934.28M | $797.85M | $708.85M | $653.22M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $-0 | $0 | $-0 | $-0 | $0 | $0 | $0 | $0 | $0 | $-0 | $-0 | $- | $-0 | $0 | $-0 | $-0 | $0 |
| Other Total Stockholders Equity | $-48.84M | $-38.23M | $-41.78M | $-37.84M | $-33.96M | $-35.23M | $-39.85M | $-43.50M | $-48.35M | $-49.66M | $-52.33M | $-20.13M | $31.66M | $82.89M | $134.07M | $184.43M | $204.46M | $214.55M | $209.67M | $206.12M |
| Total Stockholders Equity | $2.04B | $2.00B | $1.92B | $1.87B | $1.86B | $1.80B | $1.73B | $1.67B | $1.64B | $1.61B | $1.51B | $1.42B | $1.40B | $1.34B | $1.29B | $1.22B | $1.14B | $1.01B | $918.78M | $859.61M |
| Total Equity | $2.04B | $2.00B | $1.92B | $1.87B | $1.86B | $1.80B | $1.73B | $1.67B | $1.64B | $1.61B | $1.51B | $1.42B | $1.40B | $1.34B | $1.29B | $1.22B | $1.14B | $1.01B | $918.78M | $859.61M |
| Total Liabilities and Stockholders Equity | $3.76B | $3.83B | $3.70B | $3.52B | $3.41B | $3.34B | $3.14B | $3.10B | $3.12B | $3.11B | $2.87B | $2.59B | $2.35B | $2.15B | $2.06B | $1.83B | $1.83B | $1.76B | $1.64B | $1.72B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.76B | $3.83B | $3.70B | $3.52B | $3.41B | $3.34B | $3.14B | $3.10B | $3.12B | $3.11B | $2.87B | $2.59B | $2.35B | $2.15B | $2.06B | $1.83B | $1.83B | $1.76B | $1.64B | $1.72B |
| Total Investments | $-210.44M | $-187.38M | $23.50M | $21.60M | $30.35M | $34.66M | $26.24M | $16.00M | $11.20M | $6.90M | $7.10M | $6.00M | $40.70M | $50.27M | $38.82M | $39.49M | $37.21M | $34.95M | $30.76M | $37.45M |
| Total Debt | $1.48B | $1.60B | $1.51B | $1.39B | $1.36B | $1.19B | $1.05B | $1.05B | $1.26B | $1.27B | $1.16B | $1.01B | $805.24M | $670.94M | $588.71M | $419.20M | $538.40M | $624.00M | $593.53M | $749.83M |
| Net Debt | $1.43B | $1.54B | $1.46B | $1.34B | $1.31B | $1.14B | $1.01B | $1.00B | $1.23B | $1.22B | $1.12B | $955.65M | $754.72M | $624.22M | $477.01M | $371.04M | $502.46M | $577.66M | $544.42M | $631.60M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $196.07M | $199.23M | $326.57M | $429.64M | $323.89M |
| Depreciation and Amortization | $3.11M | $2.41M | $1.58M | $1.15M | $710.00K |
| Deferred Income Tax | $-1.11M | $-1.98M | $12.00K | $788.00K | $-2.37M |
| Stock Based Compensation | $10.48M | $8.93M | $9.19M | $13.60M | $13.52M |
| Change in Working Capital | $-339.35M | $-265.91M | $-697.62M | $-436.74M | $-133.59M |
| Accounts Receivables | $12.60M | $-16.18M | $32.77M | $58.03M | $-59.55M |
| Inventory | $-365.89M | $-255.52M | $-823.92M | $-463.64M | $-70.23M |
| Accounts Payables | $1.66M | $6.33M | $11.12M | $-760.00K | $1.18M |
| Other Working Capital | $12.28M | $-545.00K | $82.42M | $-30.37M | $-5.00M |
| Other Non Cash Items | $-12.94M | $357.00K | $-10.18M | $13.26M | $-4.00K |
| Net Cash Provided by Operating Activities | $-143.74M | $-56.97M | $-370.45M | $21.70M | $202.16M |
| Investments in Property Plant and Equipment | $-1.95M | $-1.44M | $-1.19M | $-1.73M | $-2.69M |
| Acquisitions Net | $- | $- | $-4.78M | $-68.66M | $-2.96M |
| Purchases of Investments | $- | $- | $-5.02M | $-1.69M | $-2.96M |
| Sales Maturities of Investments | $- | $- | $9.80M | $70.35M | $5.91M |
| Other Investing Activities | $17.57M | $-12.21M | $-4.78M | $-68.66M | $-2.96M |
| Net Cash Used for Investing Activities | $15.62M | $-13.65M | $-5.97M | $-70.39M | $-5.65M |
| Debt Repayment | $164.46M | $96.66M | $451.62M | $270.82M | $-152.94M |
| Common Stock Issued | $4.83M | $5.26M | $5.62M | $7.11M | $4.26M |
| Common Stock Repurchased | $-30.97M | $- | $-95.10M | $-193.78M | $-48.08M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-5.98M | $-14.32M | $-4.24M | $-20.89M | $-2.15M |
| Net Cash Used Provided by Financing Activities | $132.34M | $87.60M | $357.90M | $63.26M | $-198.91M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $4.22M | $16.98M | $-18.52M | $14.57M | $-2.40M |
| Cash at End of Period | $53.20M | $48.98M | $32.00M | $50.51M | $35.94M |
| Cash at Beginning of Period | $48.98M | $32.00M | $50.51M | $35.94M | $38.34M |
| Operating Cash Flow | $-143.74M | $-56.97M | $-370.45M | $21.70M | $202.16M |
| Capital Expenditure | $-1.95M | $-1.44M | $-1.19M | $-1.73M | $-2.69M |
| Free Cash Flow | $-145.69M | $-58.41M | $-371.64M | $19.97M | $199.47M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $50.87M | $69.58M | $58.57M | $17.05M | $52.09M | $67.04M | $53.13M | $26.96M | $34.12M | $90.39M | $123.38M | $78.69M | $111.30M | $100.55M | $118.13M | $99.66M | $136.43M | $89.00M | $55.62M | $42.84M |
| Depreciation and Amortization | $828.00K | $830.00K | $777.00K | $673.00K | $628.00K | $793.00K | $505.00K | $482.00K | $442.00K | $404.00K | $382.00K | $348.00K | $322.00K | $295.00K | $249.00K | $288.00K | $201.00K | $192.00K | $156.00K | $161.00K |
| Deferred Income Tax | $-125.00K | $-2.10M | $227.00K | $894.00K | $1.46M | $-1.76M | $-2.74M | $1.06M | $1.45M | $-2.15M | $-2.55M | $3.26M | $1.42M | $-1.52M | $-2.75M | $3.64M | $-1.53M | $-1.77M | $-1.39M | $2.32M |
| Stock Based Compensation | $1.56M | $2.26M | $2.84M | $3.83M | $340.00K | $3.12M | $2.36M | $3.10M | $557.00K | $1.52M | $3.54M | $3.57M | $3.43M | $3.35M | $3.40M | $3.42M | $5.12M | $3.93M | $2.61M | $1.85M |
| Change in Working Capital | $17.95M | $-90.04M | $-145.56M | $-121.69M | $-89.31M | $-183.62M | $-38.80M | $45.81M | $-47.34M | $-178.55M | $-249.69M | $-222.04M | $-196.02M | $-153.53M | $-140.88M | $53.68M | $-51.04M | $-124.45M | $30.26M | $11.63M |
| Accounts Receivables | $20.30M | $-5.81M | $-16.06M | $14.17M | $-5.67M | $12.51M | $-26.30M | $3.27M | $12.31M | $14.66M | $-3.62M | $9.42M | $-8.74M | $20.35M | $-10.29M | $56.71M | $-53.92M | $-3.79M | $-13.22M | $11.38M |
| Inventory | $25.01M | $-103.67M | $-147.64M | $-139.59M | $-61.16M | $-200.79M | $-9.51M | $15.95M | $-32.24M | $-244.10M | $-295.97M | $-251.61M | $-177.02M | $-127.92M | $-117.01M | $-41.69M | $-21.45M | $-90.52M | $23.83M | $17.90M |
| Accounts Payables | $-20.04M | $-13.43M | $20.59M | $14.54M | $-35.67M | $7.92M | $19.43M | $14.65M | $-29.95M | $15.08M | $18.20M | $7.79M | $-21.32M | $-23.35M | $16.03M | $27.88M | $-17.55M | $15.81M | $-3.66M | $6.57M |
| Other Working Capital | $-7.32M | $32.87M | $-2.45M | $-10.81M | $13.19M | $-3.26M | $-22.42M | $-33.87M | $2.55M | $35.81M | $31.70M | $12.36M | $11.06M | $-22.62M | $-29.60M | $10.79M | $41.88M | $-45.95M | $23.31M | $-24.23M |
| Other Non Cash Items | $-14.07M | $1.72M | $147.16M | $115.81M | $495.00K | $-1.09M | $773.00K | $180.00K | $-126.00K | $-7.86M | $-577.00K | $-1.61M | $163.00K | $12.08M | $1.01M | $-37.21M | $-4.00K | $15.77M | $-4.83M | $8.89M |
| Net Cash Provided by Operating Activities | $57.01M | $-17.76M | $-83.49M | $-99.49M | $-34.29M | $-115.51M | $15.23M | $77.60M | $-10.90M | $-96.25M | $-125.51M | $-137.79M | $-79.39M | $-38.77M | $-20.83M | $160.69M | $89.18M | $-33.09M | $87.27M | $58.80M |
| Investments in Property Plant and Equipment | $-607.00K | $-64.00K | $-280.00K | $-1.00M | $-595.00K | $-577.00K | $-195.00K | $-76.00K | $-130.00K | $-64.00K | $- | $-993.00K | $-88.00K | $-502.00K | $140.00K | $-1.28M | $-1.53M | $-601.00K | $-143.00K | $-417.00K |
| Acquisitions Net | $-2.57M | $- | $-3.02M | $3.02M | $-5.46M | $-177.00K | $-1.79M | $-4.78M | $-3.73M | $413.00K | $-1.08M | $-380.00K | $-474.00K | $-39.56M | $-30.31M | $1.68M | $-1.83M | $- | $- | $-1.12M |
| Purchases of Investments | $- | $- | $-1.65M | $- | $-6.27M | $-1.90M | $-3.80M | $-5.92M | $-3.73M | $178.00K | $-1.08M | $-380.00K | $-368.00K | $21.00K | $-1.34M | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $-4.87M | $1.72M | $2.01M | $1.14M | $-235.00K | $235.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $25.44M | $-3.65M | $-4.67M | $3.02M | $11.14M | $177.00K | $1.79M | $4.78M | $3.97M | $-413.00K | $1.08M | $-380.00K | $-368.00K | $21.00K | $-3.03M | $1.68M | $-1.83M | $- | $- | $-1.12M |
| Net Cash Used for Investing Activities | $22.26M | $-3.71M | $-4.95M | $2.02M | $-6.05M | $-754.00K | $-1.99M | $-4.86M | $-3.86M | $349.00K | $-1.08M | $-1.37M | $-562.00K | $-40.07M | $-30.17M | $404.00K | $-3.36M | $-601.00K | $-143.00K | $-1.54M |
| Debt Repayment | $-68.93M | $43.60M | $116.64M | $106.09M | $50.18M | $118.49M | $-8.89M | $-63.11M | $-4.99M | $105.44M | $153.56M | $197.62M | $138.40M | $78.77M | $178.81M | $-125.16M | $-80.99M | $30.04M | $-157.19M | $53.13M |
| Common Stock Issued | $813.00K | $1.29M | $1.22M | $1.51M | $927.00K | $1.50M | $1.29M | $1.55M | $759.00K | $1.15M | $1.69M | $2.01M | $1.44M | $1.55M | $2.02M | $2.11M | $1.53M | $959.00K | $937.00K | $833.00K |
| Common Stock Repurchased | $-12.97M | $- | $-8.00M | $-10.00M | $- | $- | $- | $- | $- | $- | $-37.44M | $-57.66M | $-56.10M | $-56.08M | $-55.78M | $-25.83M | $-16.75M | $- | $- | $-31.34M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-5.88M | $-13.58M | $-19.36M | $-97.00K | $-8.76M | $-74.00K | $-5.28M | $-212.00K | $-1.67M | $1.15M | $-2.57M | $- | $- | $-10.39M | $-10.50M | $- | $- | $-71.00K | $937.00K | $- |
| Net Cash Used Provided by Financing Activities | $-86.97M | $31.31M | $90.51M | $97.49M | $42.34M | $119.91M | $-12.88M | $-61.78M | $-5.90M | $106.59M | $115.24M | $141.97M | $83.75M | $13.84M | $114.55M | $-148.88M | $-96.21M | $30.93M | $-156.26M | $22.63M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-247.25M | $105.46M | $141.79M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-7.71M | $9.83M | $2.08M | $18.00K | $2.00M | $3.65M | $368.00K | $10.97M | $-20.66M | $10.69M | $-11.35M | $2.81M | $3.80M | $-64.99M | $63.55M | $12.21M | $-10.39M | $-2.77M | $-69.13M | $79.89M |
| Cash at End of Period | $53.20M | $60.90M | $51.07M | $49.00M | $48.98M | $46.98M | $43.33M | $42.97M | $32.00M | $52.66M | $41.97M | $53.33M | $50.51M | $46.72M | $111.70M | $48.16M | $35.94M | $46.34M | $49.10M | $118.23M |
| Cash at Beginning of Period | $60.90M | $51.07M | $49.00M | $48.98M | $46.98M | $43.33M | $42.97M | $32.00M | $52.66M | $41.97M | $53.33M | $50.51M | $46.72M | $111.70M | $48.16M | $35.94M | $46.34M | $49.10M | $118.23M | $38.34M |
| Operating Cash Flow | $57.01M | $-17.76M | $-83.49M | $-99.49M | $-34.29M | $-115.51M | $15.23M | $77.60M | $-10.90M | $-96.25M | $-125.51M | $-137.79M | $-79.39M | $-38.77M | $-20.83M | $160.69M | $89.18M | $-33.09M | $87.27M | $58.80M |
| Capital Expenditure | $-607.00K | $-64.00K | $-280.00K | $-1.00M | $-595.00K | $-577.00K | $-195.00K | $-76.00K | $-130.00K | $-64.00K | $- | $-993.00K | $-88.00K | $-502.00K | $140.00K | $-1.28M | $-1.53M | $-601.00K | $-143.00K | $-417.00K |
| Free Cash Flow | $56.40M | $-17.83M | $-83.77M | $-100.49M | $-34.89M | $-116.09M | $15.04M | $77.52M | $-11.03M | $-96.32M | $-125.51M | $-138.78M | $-79.47M | $-39.27M | $-20.69M | $159.41M | $87.65M | $-33.69M | $87.13M | $58.39M |
LGI Homes Dividends
Explore LGI Homes's dividend history, including dividend yield, payout ratio, and historical payments.
LGI Homes News
Read the latest news about LGI Homes, including recent articles, headlines, and updates.
LGI Homes Opens New Section at Timberlake Preserve in Youngsville, NC
YOUNGSVILLE, N.C., March 10, 2025 (GLOBE NEWSWIRE) -- LGI Homes , Inc. (NASDAQ: LGIH) is excited to announce the grand opening of a new section at Timberlake Preserve, a beautiful community located just northeast of Raleigh in Youngsville, North Carolina.
LGI Homes (LGIH) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for LGI Homes (LGIH) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
LGI Homes Opens Two New Communities in the Atlanta Market
ATLANTA, Feb. 21, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced the recent opening of two exceptional new communities in the northeast Atlanta area: Lake Preserve at Jackson Trail in Jefferson and Oakwood Terrace in Oakwood. These beautiful neighborhoods offer newly constructed homes starting in the low-$300s in prime locations that combine comfort and convenience.
LGI Homes Opens New Section at Homestead Estates in Elgin, Texas
AUSTIN, Texas, Feb. 19, 2025 (GLOBE NEWSWIRE) -- LGI Homes is excited to announce the grand opening of a new section at Homestead Estates, an incredible community located in Elgin, Texas. This new section offers an array of beautifully designed, affordable and upgraded homes, giving homebuyers the opportunity to own a brand-new home in a highly desirable location starting in the $290s.
LGI Homes Opens Two Communities in the Oklahoma City Market
OKLAHOMA CITY, Feb. 17, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced the recent opening of two new communities in the Oklahoma City market: The Enclave at Creekside Village and Hollow Brook. Both communities offer prospective homeowners high-quality, newly constructed homes in prime locations, designed with family living in mind.
LGI Homes Reports 2024 Annual Home Closings and Sets Date for Fourth Quarter and 2024 Year End Earnings Conference Call
THE WOODLANDS, Texas, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 580 homes in December 2024. As a result, the Company closed a total of 1,636 homes in the fourth quarter, including the bulk sale of 103 leased, single-family homes in November 2024, and a total of 6,131 homes for the full year 2024.
This Stock Is Redefining Real Estate. Here's Why It Could Beat the Market.
Explore the exciting world of LGI Homes (LGIH -0.07%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
LGI Homes Celebrates Major Milestone with 75,000th Home Closing
THE WOODLANDS, Texas, Dec. 23, 2024 (GLOBE NEWSWIRE) -- LGI Homes Inc. (NASDAQ: LGIH) today announced the closing of the Company's 75,000th home. This significant achievement reflects the Company's unwavering commitment to providing affordable, high-quality homes to families across the country.
LGI Homes: Future Remains Positive
Macro conditions and higher housing costs continue to weigh on near-term demand, keeping LGI Homes' absorption rates lower than historical. Over time, while their absorption rates may not grow much beyond 4x, they have a clear runway for continued community growth to grow sales and EBITDA. Combining those two elements together, barring interest rates materially rising or another inflationary run, today's price offers a relatively attractive IRR.
LGI Homes Announces Pricing of $400 Million of Unsecured Senior Notes due 2032
THE WOODLANDS, Texas, Nov. 12, 2024 (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 2032 (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.
LGI Homes Announces Private Offering of $400 Million of Unsecured Senior Notes due 2032
THE WOODLANDS, Texas, Nov. 12, 2024 (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 2032 (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.
LGI Homes, Inc. (LGIH) Q3 2024 Earnings Call Transcript
LGI Homes, Inc. (NASDAQ:LGIH ) Q3 2024 Earnings Conference Call November 5, 2024 ET Company Participants Joshua Fattor - Executive Vice President of Investor Relations and Capital Markets Eric Lipar - Chief Executive Officer and Chairman of the Board Charles Merdian - Chief Financial Officer and Treasurer Conference Call Participants Trevor Allinson - Wolfe Research Carl Reichardt - BTIG Jay McCanless - Wedbush Alex Barron - Housing Research Center Kenneth Zener - Seaport Operator Welcome to LGI Homes Third Quarter 2024 Conference Call. Today's call is being recorded, and a replay will be available on the company's website at www.lgihomes.com.
Compared to Estimates, LGI Homes (LGIH) Q3 Earnings: A Look at Key Metrics
The headline numbers for LGI Homes (LGIH) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
LGI Homes: Staying Firm On This Rating
I remain cautious about LGI Homes despite the promising homebuilding market, maintaining a 'hold' rating due to declining revenue, high cancellation rates, and weak net new orders. The company's profitability has been negatively impacted by rising construction costs and sales incentives, even though the average home price has increased. Although management's guidance for 2024 shows potential improvement, LGI Homes remains relatively expensive compared to peers, making it less attractive for investment.
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