---
schema_version: "secwatch.filing_event.v1"
accession: "0001580670-22-000055"
form_type: "8-K"
ticker: "LGIH"
cik: "0001580670"
company_name: "LGI Homes, Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:28:27.709179+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LGI Homes Q1 net income falls 21% to $78.7M; updates guidance with higher ASP and margins

## Summary
- Net income $78.7M ($3.25 diluted EPS) vs $99.6M pre-tax income in Q1 2021.
- Home sales revenue $546.1M, down 22.7%; closings 1,599, down 37.6%.
- Average sales price record $341,495 (+23.9%); gross margin 29.0% (+210 bps).
- Repurchased 475k shares for $57.7M in Q1 2022.
- Updated 2022 guidance: ASP $335k-$350k; gross margin 27%-29%; adj. gross margin 28.5%-30.5%.

## SEC filing metadata
- accession: 0001580670-22-000055
- form_type: 8-K
- ticker: LGIH
- cik: 0001580670
- company_name: LGI Homes, Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580670/000158067022000055/0001580670-22-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580670/000158067022000055/lgih-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580670-22-000055
- JSON: https://secwatch.observer/filing/0001580670-22-000055.json
- Plain text: https://secwatch.observer/filing/0001580670-22-000055.txt

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