secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001580670-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LGI Homes reports record full year 2021 earnings; Q4 net income down 18.4%
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- FY21 net income $429.6M ($17.25 diluted EPS), up 32.6% YoY; home sales revenue $3.1B, +28.8%.
- Q4 net income $111.3M ($4.53 diluted EPS), down 18.4% YoY; home sales revenue $801.1M, -10.7%.
- Q4 home closings 2,526 (-25.9% YoY); full year closings 10,442 (+11.8%), a company record.
- Adjusted gross margin 27.6% in Q4 vs 28.8% a year ago; FY21 adjusted margin 28.2% vs 27.4%.
- Board increased share repurchase authorization by $200M; remaining capacity $306.6M as of Feb 11, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067022000020/0001580670-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067022000020/lgih-20220215.htm
  HTML page:      https://secwatch.observer/filing/0001580670-22-000020

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