earnings
confidence high
sentiment positive
materiality 0.85
LGI Homes Q3 net income $100.6M ($4.05 EPS), revenue $751.6M +40.7%; tightens FY guidance
LGI Homes, Inc.
2021-Q3 EPS reported
$12.72
revenue$2,249,073,000
- Net income $100.6M ($4.05 diluted EPS), up 13% YoY; revenue $751.6M (+40.7%); home closings 2,499 (+19.5%).
- Gross margin 26.9% (up 160 bps); adjusted gross margin 28.2% (up 90 bps); SG&A ratio at all-time low 8.6%.
- Active selling communities 103 (down 6.4% YoY); FY community count guidance revised to 100-105.
- FY guidance: closings 10,000-10,500, ASP $285k-$295k, gross margin 26.5%-27.5%, adj. gross margin 28%-29%.
- Repurchased 358,817 shares in Q3; total liquidity $506.3M; net debt to capitalization 31.7%.