Company Overview - LGI Homes, Inc. is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states, focusing on innovative home design, construction, and sales [2] - Since its founding in 2003, LGI Homes has closed over 70,000 homes and has consistently delivered profitable financial results every year [2] - The company has been recognized for its quality construction and customer service, being named to Newsweek’s list of the World’s Most Trustworthy Companies [2] - LGI Homes has over 1,000 employees and has received numerous workplace awards, including the Top Workplaces USA 2024 Award [2] New Community Launch - LGI Homes announced the grand opening of Brimington Farm, a new community in Waynesboro, Pennsylvania, offering affordable homes with built-in upgrades [1] - The community features 3-bedroom townhomes starting in the $300s and 3- to 4-bedroom single-family homes starting in the mid-$400s [1] - Each home includes the CompleteHome Plus package, which features granite countertops, stainless steel appliances, and energy-efficient upgrades at no extra cost [1] - Brimington Farm is strategically located near major highways, golf courses, ski resorts, and offers access to parks and recreational amenities [1]

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 September 30, 2024 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) Delaware 46-3088013 (State or other jurisdict ...

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $652 million, a 5.6% increase year-over-year, marking the highest revenue since Q2 2022 [8][15] - Adjusted gross margin was 27.2%, up 20 basis points from the prior quarter and consistent with the same period last year [10][17] - Diluted earnings per share increased to $2.95, representing a 4% year-over-year increase and a 19% sequential increase [11][20] Business Line Data and Key Metrics Changes - The company closed 1,757 homes in Q3 2024, slightly higher year-over-year and 6.2% higher sequentially [15] - Wholesale business accounted for 9.1% of total closings, generating $49.5 million in revenue, a 14.2% increase compared to last year [15][16] - Average sales price reached a record $371,004, up 5.2% year-over-year and 1.9% sequentially [16] Market Data and Key Metrics Changes - The average closings per community per month was 4.4, with Las Vegas leading at 9.9 closings [12] - The cancellation rate was 26.2%, slightly down compared to last year [20] Company Strategy and Development Direction - The company focuses on maximizing long-term profitability rather than immediate output, ensuring strong margins and shareholder value [10] - Community count increased by 30% year-over-year, ending Q3 with 138 communities, with plans for further growth in 2025 [8][29] - The company aims to maintain a disciplined approach to pricing and incentives, avoiding wholesale price reductions [10][32] Management's Comments on Operating Environment and Future Outlook - Management noted a moderation in sales activity in October, attributed to higher rates affecting affordability and the time needed to train new hires [26] - The long-term outlook for the housing market remains positive, supported by household formations and limited supply of resale homes [27] - Full-year guidance was updated to expect closings between 6,100 and 6,400 homes at an average selling price between $360,000 and $370,000 [27][28] Other Important Information - The company ended Q3 with $1.5 billion in debt and a debt-to-capital ratio of 43.6% [22] - The company was recognized by Newsweek as one of the world's most trustworthy companies for the second consecutive year [13] Q&A Session Summary Question: Gross margin performance and guidance update - Management indicated that the strong gross margin performance was due to effective pricing strategies and avoiding wholesale price reductions [31][32] Question: Impact of the election on demand - Management believes that demand remains strong and is not significantly affected by the election, but affordability challenges persist [33][35] Question: Maintaining gross margins compared to peers - The company maintains higher gross margins due to its self-development approach and capturing both development and homebuilding profits [38][39] Question: Land costs and development expenses - Management noted that land prices remain strong, with development costs continuing to rise, impacting overall affordability [42] Question: Absorption rates and compensation structure - The company plans to maintain commission structures while focusing on revenue generation despite lower absorption rates [46] Question: Affordability challenges for potential customers - Management highlighted that many households with incomes between $60,000 and $100,000 are currently priced out of the market due to high rates and average sales prices [49][50] Question: Future community count growth and product offerings - The company plans to introduce more attached home products and expects community count growth of 10% to 20% in 2025 [60][29]

For the quarter ended September 2024, LGI Homes (LGIH) reported revenue of $651.85 million, up 5.6% over the same period last year. EPS came in at $2.95, compared to $2.84 in the year-ago quarter.The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $641.77 million. With the consensus EPS estimate being $2.53, the EPS surprise was +16.60%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

LGI Homes (LGIH) came out with quarterly earnings of $2.95 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.60%. A quarter ago, it was expected that this entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets would post earnings of $2.24 per share when it actually produced earnings of $2.48, delivering a ...

EXHIBIT 99.1 LGI Homes Reports Third Quarter 2024 Results and Updates Full Year 2024 Guidance THE WOODLANDS, Texas, November 5, 2024 (GLOBE NEWSWIRE) - LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter 2024 and the nine months ended September 30, 2024. Third Quarter 2024 Highlights • Home sales revenues increased 5.6% to $651.9 million • Home closings increased 0.3% to 1,757 homes • Average sales price per home closed increased 5.2% to $371,004 • Gross margin as a percen ...

Financial Data and Key Metrics Changes - The company reported revenue of $602.5 million for the second quarter, based on 1,655 homes closed at an average sales price of $364,047, representing a 4.6% increase compared to the previous year [51][56] - Gross margin improved significantly to 25%, up 300 basis points year-over-year, while adjusted gross margin reached 27%, up 320 basis points year-over-year [30][34] - Pretax net income was approximately $76.9 million, representing a pretax profit margin of 12.8%, an increase from 11.1% last year [36][52] Business Line Data and Key Metrics Changes - The company closed approximately 550 homes in July and updated its guidance to expect between 6,400 and 7,200 homes closed for the year [1] - The average closings per community per month were 4.3, with top markets including Charlotte (8.6), Las Vegas (7.8), and Mid-Atlantic (6.9) [53] - The backlog at the end of the quarter was 1,393 homes valued at $553.6 million, with 13% related to wholesale contracts [37] Market Data and Key Metrics Changes - The company noted a low supply environment across the United States, which is impacting affordability for entry-level customers [20][33] - The effective tax rate was 23.8%, down from 25.6% last year, with expectations for the full-year tax rate to be between 24% and 25% [59] Company Strategy and Development Direction - The company plans to continue raising prices while managing the level of incentives to achieve margin targets, with gross margin guidance raised to between 23.5% and 24.5% [63] - The company is focused on increasing community count, aiming for 150 communities by year-end, with 128 communities operational as of last month [31][70] - The company is actively monitoring land acquisition opportunities, although it has not seen as many as expected in the current market [5][92] Management's Comments on Operating Environment and Future Outlook - Management highlighted that affordability remains the primary challenge for customers, compounded by rising land and input costs, higher interest rates, and increased insurance and property taxes [33][105] - The company expressed confidence in its ability to manage costs and maintain margins despite the high-cost environment [105] - Management noted that the housing market remains healthy, supported by strong fundamentals such as household formations and low unemployment [54] Other Important Information - The company repurchased 83,763 shares for $8 million during the quarter, with $193.5 million remaining on its current authorization [61] - The company ended the quarter with $1.5 billion of debt outstanding, resulting in a debt-to-capital ratio of 43.8% [39] Q&A Session Summary Question: Can you discuss the drivers of gross margin improvement? - Management indicated that the leading driver of gross margin improvement is the value captured from self-development and pricing communities to market [65] Question: What is the expected community count for 2025? - Management stated that it is too early for 2025 community count guidance but is focused on achieving 150 communities by the end of 2024 [70] Question: How are incentives impacting margins? - Management explained that incentives are case-by-case and vary by community, with mortgage incentives being a significant factor in maintaining affordability for buyers [97] Question: What is the historical spread associated with self-development? - Management confirmed that the typical spread associated with self-development is between 300 to 500 basis points compared to buying finished lots [98] Question: What is the outlook for SG&A expenses? - Management indicated that SG&A expenses have been elevated due to increased advertising spend but expect to normalize around 12% to 13% historically [100]

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 June 30, 2024 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 o ...

LGI Homes (LGIH) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for nonrecurring items. LGI Homes, which belongs to the Zacks Real Estate - Development industry, posted revenues of $602.5 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 5.09%. This compares to year-ago revenues of $645.27 million. The company has topped consensus r ...

• Gross margin as a percentage of home sales revenues between 23.5% and 24.5% Forward-Looking Statements LGI HOMES, INC. CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except share data) June 30, December 31, COMMITMENTS AND CONTINGENCIES EQUITY Common stock, par value $0.01, 250,000,000 shares authorized, 27,612,742 shares issued and 23,500,280 shares outstanding as of June 30, 2024 and 27,521,120 shares LGI HOMES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands, except share a ...