---
schema_version: "secwatch.filing_event.v1"
accession: "0001580670-22-000071"
form_type: "8-K"
ticker: "LGIH"
cik: "0001580670"
company_name: "LGI Homes, Inc."
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T05:54:50.460841+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LGI Homes reports Q2 record net income $123.4M; home closings down 29% YoY, updates FY2022 guidance

## Summary
- Net income increased 4.4% to $123.4M ($5.20 diluted EPS); home sales revenue fell 8.6% to $723.1M.
- Home closings dropped 29% to 2,027; average sales price rose 28.7% to $356,719.
- Gross margin expanded 500 bps to 32.0%; adjusted gross margin 33.1% (up 460 bps).
- FY2022 guidance: 7,500-8,300 closings, ASP $345K-$360K; maintains gross margin 27%-29%.
- Repurchased 417,861 shares for $37.4M in Q2; net debt to capitalization at 42.4%.

## SEC filing metadata
- accession: 0001580670-22-000071
- form_type: 8-K
- ticker: LGIH
- cik: 0001580670
- company_name: LGI Homes, Inc.
- filed_at: 2022-08-02T23:59:59+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/1580670/000158067022000071/0001580670-22-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580670/000158067022000071/lgih-20220802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580670-22-000071
- JSON: https://secwatch.observer/filing/0001580670-22-000071.json
- Plain text: https://secwatch.observer/filing/0001580670-22-000071.txt

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