{"schema_version":"secwatch.filing_event.v1","accession":"0001580670-22-000078","form_type":"8-K","ticker":"LGIH","cik":"0001580670","company_name":"LGI Homes, Inc.","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.266485+00:00","generated_at":"2026-06-22T18:19:56.203644+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"LGI Homes Q3 net income down 10.1%; revenue down 27.2%; guidance cut","bullets":["Net income $90.4M ($3.85 diluted EPS) vs $100.6M; home sales revenue $547.1M down 27.2% YoY.","Home closings fell 38.1% to 1,547; average sales price rose 17.6% to $353,635.","Gross margin 28.5% (adjusted 29.5%) up 160 bps on cost controls and pricing actions.","Full year 2022 guidance: 6,700-7,100 closings at ASP $340k-$350k; active communities 95-100.","Net orders up 77.8% sequentially; financing initiatives and selective price reductions implemented."],"urls":{"canonical":"https://secwatch.observer/filing/0001580670-22-000078","json":"https://secwatch.observer/filing/0001580670-22-000078.json","markdown":"https://secwatch.observer/filing/0001580670-22-000078.md","text":"https://secwatch.observer/filing/0001580670-22-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1580670/000158067022000078/0001580670-22-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1580670/000158067022000078/lgih-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T18:19:56.203644+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"adb62d6674316e5457d3048af89eeea6c7348366","claim":"LGI Homes, Inc. updated its 2022 guidance (reaffirmed).","evidence_excerpt":"Given our performance to date and outlook for the remainder of the year, we are updating our full year guidance for 2022. We now expect to close between 6,700 and 7,100 homes at an average sales price between $340,000 and $350,000 and to end the year with between 95 and 100 active communities.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1580670/000158067022000078/0001580670-22-000078-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2022"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f7ad95ec6db86eef70f726c035dc4cadfab5a5f8","claim":"LGI Homes, Inc. reported financial results for three and nine months ended September 30, 2022.","evidence_excerpt":"On November 1, 2022, LGI Homes, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1580670/000158067022000078/0001580670-22-000078-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three and nine months ended September 30, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}