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.

KB Home

PulteGroup

The concept of homeownership is as deeply ingrained in our society's needs as shopping for groceries or going to the doctor. We all have a desire to buy or build our own home at some point in our life to live with our family.

The 3 Most Undervalued Homebuilder Stocks to Buy Now: August 2023

TACOMA, Wash., Aug. 17, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announces the opening of its newest community in Spanaway, Washington. Whitmore offers homebuyers affordable, upgraded homes in an exceptional location near the city centers of Tacoma and Seattle.

LGI Homes Introduces Whitmore, a Brand-New Community in the Tacoma Market

MINNEAPOLIS, Aug. 15, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a brand-new community in the Minneapolis, Minnesota market, Summerfield.

LGI Homes Opens New Community in the Minneapolis Market

CHARLOTTE, N.C., Aug. 10, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is thrilled to announce the launch of its newest community, Stagecoach Station, in the Charlotte market. Showcasing an array of carefully designed, move-in ready homes with three- and four-bedrooms, LGI presents a unique opportunity for homebuyers to purchase an affordable, upgraded home in a convenient location.

LGI Homes Unveils New Community of Single-Family Homes in Gastonia, North Carolina

Colina Del Lago offers homes on half-acre lots adjacent to Little Lake Harris from the low-$300s Colina Del Lago offers homes on half-acre lots adjacent to Little Lake Harris from the low-$300s

LGI Homes Introduces Colina Del Lago, a New Community in the Orlando Market

THE WOODLANDS, Texas, Aug. 03, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 587 homes in July 2023.

LGI Homes, Inc. Reports July 2023 Home Closings

LGI Homes, Inc. (NASDAQ:LGIH ) Q2 2023 Results Conference Call August 1, 2023 12:30 PM ET Company Participants Josh Fattor - VP, IR Eric Lipar - Chairman, CEO Charles Merdian - CFO, Treasurer Conference Call Participants Alex Barron - Housing Research Center Andrew Azzi - JP Morgan Jay McCanless - Wedbush Truman Patterson - Wolfe Research Operator Welcome to LGI Homes Second 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) Q2 2023 Earnings Call Transcript

LGI Homes (LGIH) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $5.20 per share a year ago.

LGI Homes (LGIH) Surpasses Q2 Earnings Estimates

THE WOODLANDS, Texas, Aug. 01, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the second quarter 2023 and the six months ended June 30, 2023.

LGI Homes Reports Second Quarter 2023 Results and Raises Full Year Closing and Margin Guidance

OCALA, Fla., July 25, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc., a renowned national homebuilder, proudly announces its first-ever venture into the Ocala, Florida area with the opening of its Marion Oaks location. This milestone marks an exciting chapter for the Company as it expands its presence in Florida and brings its exceptional housing options to homebuyers in the area.

LGI Homes Opens in Marion Oaks, Florida, Marking its Debut in the Ocala Area

CHARLOTTE, N.C., July 21, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is now selling affordable, single-family homes at Pinnacle Estates, its newest community in the Charlotte market. Positioned outside of Kings Mountain in Shelby, this new community offers 92 brand-new homes, each outfitted with exceptional upgrades.

LGI Homes Announces Expansion in the Charlotte Market with New Community in Shelby

PORT CHARLOTTE, Fla., July 19, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. is excited to announce its expansion into the beautiful city of Port Charlotte, Florida.

LGI Homes Expands Presence in Florida with New Homes in Port Charlotte

Sunset Oaks features an exceptional lineup of single-family homes from the $270s Sunset Oaks features an exceptional lineup of single-family homes from the $270s

LGI Homes Opens Newest Community in Austin Market

LAS VEGAS, July 12, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Las Vegas, Nevada market, Hollywood Springs.

LGI Homes Opens New Community in the Las Vegas Market

Today, we take a deeper look at LGI Homes, whose stock is up by a third in 2023 despite mortgage rates rising to nearly seven percent. However, profits are poised to fall sharply in 2023, analysts are not sanguine on the company's prospects, and insiders took considerable profits in February at lower prices. Time to cash out of this well-run homebuilder? An investment analysis follows in the paragraphs below.

LGI Homes: Time To Exit

Home Depot

SPDR S&P Homebuilders ETF

If the Fed lowers interest rates, housing prices should soar, says Barbara Corcoran. The "Shark Tank" star is bullish about housing, but not commercial real estate.

Barbara Corcoran Says We Could Have a COVID Housing Market Back Before You Know It

THE WOODLANDS, Texas, July 06, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 664 homes in June 2023. In addition, the Company announced quarterly home closings of 1,854 during the second quarter of 2023.

LGI Homes, Inc. Reports June and Second Quarter 2023 Home Closings and Announces Date for Second Quarter Earnings Conference Call

Bisbee Ranch features spacious, new-construction homes from the $320s Bisbee Ranch features spacious, new-construction homes from the $320s

LGI Homes Opens Newest Community in Florence, Arizona

CONROE, Texas, June 12, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of their new project Sweetwater Ridge. LGI Homes is building and selling 212 single-family homes in the first section of this 1,184-lot community. Sweetwater Ridge is in a premier location, with incredible family friendly attractions.

LGI Homes Opens New Community in Houston Market

CHARLOTTE, N.C., June 09, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced the company is now selling brand-new, single-family homes at McKee Creek Village.

LGI Homes Opens New Community in Charlotte, McKee Creek Village

LABELLE, Fla., June 06, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced further expansion into the Fort Myers area with the opening of Liberty Shores, located in LaBelle.

LGI Homes Opens New Community in Fort Myers Market

THE WOODLANDS, Texas, June 05, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 633 homes in May 2023.

LGI Homes, Inc. Reports May 2023 Home Closings

DICKSON, Tenn., May 24, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of a new community in the Nashville, Tennessee market, Autumnwood. This beautiful community, located just west of downtown in the charming town of Dickson, provides residents with new, move-in ready homes amongst serene surroundings.

LGI Homes Announces its Newest Community in the Nashville Market

ROXBORO, N.C., May 22, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the company is selling brand-new, single-family homes at Satterfield Farm.

LGI Homes Increases Footprint in the Raleigh-Durham Market

THE WOODLANDS, Texas, May 16, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce the success of its 2023 Service Impact Day, the hallmark event in the Company's philanthropic initiative, LGI Giving. During this special event, every LGI Homes employee turns from their focus on sales and closings to dedicate an entire day to supporting local charities through volunteering and financial gifts.

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