• 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 ...

*Non-GAAP Please see "Non-GAAP Measures" for a reconciliation of Adjusted Gross Margin (a non-GAAP measure) to Gross Margin, the most directly comparable GAAP measure. Balance Sheet Highlights Total liquidity of $405.9 million at June 30, 2024, including cash and cash equivalents of $51.1 million and $354.8 million of availability under the Company's revolving credit facility Net debt to capitalization of 43.0% at June 30, 2024 83,763 shares of common stock repurchased during the second quarter of 2024 for ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $634.8 million, down 1.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 2.68% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reasses ...

"I am incredibly proud that U.S. News & World Report has again recognized us as one of the Best Companies to Work For," said Eric Lipar, Chairman and CEO of LGI Homes. "This achievement reflects our commitment to fostering a positive workplace where our team members excel in delivering the highest quality homes and an exceptional customer experience. It's a testament to the dedication of every individual at LGI Homes to helping customers achieve the dream of homeownership." This year, the ratings expanded t ...

BALTIMORE, June 24, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced the opening of its first community in Baltimore, Maryland. McCormick Place offers homebuyers upgraded townhomes just northeast of Baltimore. "We are excited to introduce McCormick Place, our first community in Baltimore," said Paul DiConsiglio, Vice President of Operations for LGI Homes. "Located in the quaint Rosedale section, just 7 miles from downtown and the beautiful Inner Harbor, McCormick Place is offering townhomes ...

ATLANTA, June 21, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced its newest community in the Atlanta market, Conners Landing at Mirror Lake, located in the charming town of Villa Rica. Homeowners will fall in love with the community, its amenities and all that Villa Rica has to offer. Located just minutes from the beloved Mirror Lake Golf Club and downtown Villa Rica, residents of Conners Landing at Mirror Lake will never run out of things to do! Inside the community, Conners Landing at Mi ...

Located just minutes from lively downtown Jacksonville, families will have plenty to do both inside and outside of the community. Placed conveniently at the front of the neighborhood are the dog park and children's playground, which are sure to provide hours of endless fun. Residents will also have access to the Villages of Westport Community Center, offering a pool, basketball courts, a playground and a multi-use field. New homes at Westport Landing start in $340s. Homebuyers can schedule an appointment or ...

THE WOODLANDS, Texas, June 07, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) commemorates National Homeownership Month. "At LGI Homes, we are proud to have helped over 70,000 families achieve the dream of homeownership," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Each year, we commemorate National Homeownership Month by educating buyers on the financial and personal benefits homeownership brings. Despite the current challenges to affordability, we continue to focus our eff ...

THE WOODLANDS, Texas, June 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 579 homes in May 2024. CONTACT: Joshua D. Fattor Executive Vice President, Investor Relations and Capital Markets (281) 210-2586 investorrelations@lgihomes.com As of May 31, 2024, the Company had 130 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic a ...

About LGI Homes, Inc. Service Impact Day is the hallmark event in the Company's philanthropic initiative LGI Giving, through which it anticipates donating upwards of $500,000 in 2024 to support non-profit, charitable organizations in the communities where it does business. About LGI Giving Started in 2016, the LGI Giving initiative was created for LGI employees to have a larger impact on the communities in which they serve through volunteering and financial contributions – strengthening local relationships ...