---
schema_version: "secwatch.filing_event.v1"
accession: "0001580670-21-000081"
form_type: "8-K"
ticker: "LGIH"
cik: "0001580670"
company_name: "LGI Homes, Inc."
filed_at: "2021-08-03T23:59:59+00:00"
generated_at: "2026-06-29T23:21:04.644770+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# LGI Homes Q2 net income jumps 112% to $118M; raises FY 2021 guidance on closings, margins

## Summary
- Q2 net income of $118.1M ($4.71 diluted EPS) vs $55.6M ($2.21) a year ago; revenue up 64% to $791.5M.
- Home closings rose 42% to 2,856; average selling price up 15% to $277,140; gross margin expanded 250 bps to 27.0%.
- Backlog grew 126% to 4,801 homes valued at $1.4B; repurchased $55.8M of stock in Q2.
- Completed $300M 4.000% Senior Notes due 2029; redeemed $300M 6.875% notes in July with $10.3M premium.
- Raised FY2021 guidance: closings 10,000-10,500, avg price $285-295k, GM 26-28%, adj. GM 27.5-29.5%, SG&A 9-9.5%.

## SEC filing metadata
- accession: 0001580670-21-000081
- form_type: 8-K
- ticker: LGIH
- cik: 0001580670
- company_name: LGI Homes, Inc.
- filed_at: 2021-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580670/000158067021000081/0001580670-21-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580670/000158067021000081/lgih-20210803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580670-21-000081
- JSON: https://secwatch.observer/filing/0001580670-21-000081.json
- Plain text: https://secwatch.observer/filing/0001580670-21-000081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.