Core Points - LGI Homes, Inc. closed 450 homes in April 2025, indicating strong sales performance [1] - As of April 30, 2025, the company had 147 active selling communities, showcasing its extensive market presence [1] Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states [2] - The company has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year [2] - LGI Homes is recognized for its quality construction and exceptional customer service, being named to Newsweek's list of the World's Most Trustworthy Companies [2] - The company employs over 1,000 individuals and has received numerous workplace awards, including the Top Workplaces USA 2025 Award [2]

The Spring Plan by LGI Homes at Peach Crossings The Spring Plan by LGI Homes at Peach Crossings features five bedrooms, three bathrooms, and an expansive living area. WINTER HAVEN, Fla., May 02, 2025 (GLOBE NEWSWIRE) -- LGI Homes is excited to announce the opening of Peach Crossings, a brand-new, 52-lot community now selling in Winter Haven. Nestled in the heart of Polk County, one of Florida’s most desirable and fastest-growing regions, homebuyers at Peach Crossings can choose from five never-before-s ...

The Wright plan at Hallimore Ranch The Wright plan at Hallimore Ranch features six bedrooms, four bathrooms and a game room. ROSENBERG, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is proud to announce that its luxury brand, Terrata Homes, is now selling homes at Hallimore Ranch, located in Rosenberg, Texas. With 518 lots, this is Terrata Homes’ largest development to date. This premier development debuts an all-new lineup of seven modern floor plans on 55- and 60-foot lots ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number 001-36126 LGI HOMES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $351.4 million, a 10.1% decrease year-over-year, driven by an 8% decline in home closings and a 2.2% decline in average sales price (ASP) [10][11] - Gross margin for Q1 2025 was 21%, down from 23.4% in the same period last year, primarily due to a one-time expense related to the forward commitment incentive program [11][12] - Net income for Q1 2025 was $4 million, or $0.17 per share, compared to a higher figure in the previous year [14] Business Line Data and Key Metrics Changes - The company delivered 996 homes in Q1 2025 at an average sales price of $352,831 [5][10] - The company recognized a one-time expense of $8.6 million related to the forward commitment incentive program, impacting revenue and gross margins [10][11] - The cancellation rate for Q1 was 16.3%, slightly improved from 16.8% in the same period last year [14] Market Data and Key Metrics Changes - The company ended Q1 with 1,040 homes in backlog, representing over $406.2 million [14] - The top markets based on closings per community were Richmond (5.3), Charlotte (4.6), Raleigh (4.3), Atlanta (3.8), and Nashville (3.6) [6] Company Strategy and Development Direction - The company is focused on addressing the persistent shortage of entry-level homes, which is seen as a societal challenge and a long-term growth opportunity [9] - The company plans to maintain its full-year guidance of closing between 21,000 to 23,000 homes, with an average selling price between $360,000 and $370,000 [18] - The company is adjusting its gross margin expectations downward by 100 to 150 basis points due to anticipated cost increases from tariffs and market uncertainties [18] Management's Comments on Operating Environment and Future Outlook - Management noted that affordability remains the biggest challenge for buyers, with rate volatility affecting their purchasing confidence [4][5] - Despite recent headwinds, management expressed confidence in the long-term outlook for the housing market, citing strong underlying demographic fundamentals [9] - Management highlighted that the sales pace improved in March, indicating a potential recovery as the spring selling season began [5][36] Other Important Information - The company ended Q1 with $1.6 billion in debt and a debt-to-cap ratio of 44.3% [16] - The company repurchased 41,685 shares for $3.1 million during the quarter, with $177.7 million remaining on its stock buyback authorization [16][72] Q&A Session Summary Question: Can you provide more details on the gross margin trajectory for the upcoming quarters? - Management indicated that gross margins are expected to ramp up as volume increases, with adjustments made due to tariffs and market conditions [21][22][85] Question: What is driving the need for increased incentives? - Management noted that the competitive market dynamics and the need to assist buyers with closing costs and rate buy-downs are driving the increase in incentives [26][29] Question: How confident is the company in achieving its full-year closing targets? - Management expressed confidence in achieving the closing targets, citing improved sales trends in March and ongoing demand [36][39] Question: How is the company responding to competitors cutting prices? - Management stated that the company is cautious about discounting prices and focuses on providing value through incentives rather than steep discounts [78][81] Question: What interest rates are being offered through the forward commitment program? - Management mentioned that they are currently buying down rates to the mid-5% range for FHA loans with good credit [80]

LGI Homes (LGIH) Q1 2025 Earnings Call April 29, 2025 12:30 PM ET Company Participants Joshua Fattor - Executive Vice President of Investor Relations & Capital MarketsEric Lipar - Chairman & CEOCharles Merdian - CFO & TreasurerMichael Rehaut - Executive DirectorTrevor Allinson - Director - Equity ResearchCarl Reichardt - Managing Director - Equity ResearchJay McCanless - SVP - Equity ResearchAlex Barron - President Conference Call Participants Kenneth Zener - Senior Analyst Operator Welcome to LGI Homes Fir ...

LGI Homes (LGIH) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.67%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of $2.31 per share when it actually produced earnings of $2.15, delivering ...

EXHIBIT 99.1 LGI Homes, Inc. Reports First Quarter 2025 Results "We continue to monitor tariffs and potential impacts that higher costs could have on margins. In March, we began receiving notices of price increases from some suppliers related to tariffs. With this in mind, we are proactively trimming our full year gross margin guidance by 150 basis points at the low end and 100 basis points at the high end to account for these additional costs and the potential for additional market volatility. As a result, ...

THE WOODLANDS, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the three months ended March 31, 2025. "During the quarter, we continued to see strong demand for new homes," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Affordability remained the biggest challenge for buyers, and rate volatility affected not only their ability to purchase a home, but also their confidence in moving forward with that decision. Given this cha ...

The Dayton Plan by LGI Homes at The Oasis at Hollywood Springs The Dayton Plan by LGI Homes at The Oasis at Hollywood Springs features three bedrooms, two bathrooms, and an expansive living area. LAS VEGAS, April 28, 2025 (GLOBE NEWSWIRE) -- LGI Homes is proud to announce the opening of The Oasis at Hollywood Springs, an exclusive 55-plus active adult collection nestled within the vibrant Hollywood Springs neighborhood. The upgraded homes are designed with active adults in mind, providing the perfect s ...