{"schema_version":"secwatch.filing_event.v1","accession":"0001580670-23-000017","form_type":"8-K","ticker":"LGIH","cik":"0001580670","company_name":"LGI Homes, Inc.","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.693763+00:00","generated_at":"2026-06-19T06:55:17.059836+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 Q4 net income falls 69% to $34.1M; full year gross margin record 28.1%","bullets":["Q4 home sales revenues $488.3M (-39% YoY); closings 1,448 (-42.7%); ASP $337,198 (+6.3%).","Q4 gross margin 20.7% (down 570 bps); adjusted gross margin 22.1% (down 550 bps).","Full year net income $326.6M (-24%); revenues $2.3B (-24.4%); closings 6,621 (-36.6%).","Full year gross margin 28.1% (record); adjusted 29.2% (record); net income margin 14.2% (record).","Early 2023: retail net orders pace 7.2/community vs 2.9 in Q4; backlog down 65.8% to 702 homes."],"urls":{"canonical":"https://secwatch.observer/filing/0001580670-23-000017","json":"https://secwatch.observer/filing/0001580670-23-000017.json","markdown":"https://secwatch.observer/filing/0001580670-23-000017.md","text":"https://secwatch.observer/filing/0001580670-23-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1580670/000158067023000017/0001580670-23-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1580670/000158067023000017/lgih-20230221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T06:55:17.059836+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":"103897169564f5787360b49015e60d15fcea591d","claim":"LGI Homes, Inc. reported three months and fiscal year ended December 31, 2022 results: revenue $2.3 billion, net income $326.6 million, EPS $13.90 basic EPS and $13.76 diluted EPS. Guidance initiated.","evidence_excerpt":"record breaking profitability metrics for the full year.” “We closed 1,448 homes in the fourth quarter, resulting in full year closings of 6,621 homes, full year revenues of $2.3 billion and one of our most profitable years ever. Our full year gross margin was 28.1%, adjusted gross margin was 29.2%, pre-tax net income margin was 18.1% and net income margin was","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1580670/000158067023000017/0001580670-23-000017-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months and fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$2.3 billion"},{"label":"Net income","value":"$326.6 million"},{"label":"EPS","value":"$13.90 basic EPS and $13.76 diluted EPS"},{"label":"Guidance","value":"initiated"},{"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"}