secwatch.observer — SEC 8-K summary
======================================

Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001580670-21-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LGI Homes Q3 net income $100.6M ($4.05 EPS), revenue $751.6M +40.7%; tightens FY guidance
--------------------------------------------------------------------------------

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067021000095/0001580670-21-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067021000095/lgih-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001580670-21-000095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer