---
schema_version: "secwatch.filing_event.v1"
accession: "0001580670-23-000071"
form_type: "8-K"
ticker: "LGIH"
cik: "0001580670"
company_name: "LGI Homes, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:30:29.993046+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

# LGI Homes Q1 net income $27M, EPS $1.14; net orders +12.5% YoY

## Summary
- Net income $27.0M, diluted EPS $1.14; home sales revenue $487.4M on 1,366 closings.
- Average sales price $356,777 (+4.5% YoY); gross margin 20.3% (adj. 22.1%).
- Net orders 2,219 (+12.5% YoY); ending backlog 1,555 homes valued at $561.4M.
- Total liquidity $358.8M ($43M cash + $315.8M revolver); net debt/cap 37.5%.
- Management cites demand returning to normal; raising prices, expanding margins.

## SEC filing metadata
- accession: 0001580670-23-000071
- form_type: 8-K
- ticker: LGIH
- cik: 0001580670
- company_name: LGI Homes, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000071/0001580670-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000071/lgih-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580670-23-000071
- JSON: https://secwatch.observer/filing/0001580670-23-000071.json
- Plain text: https://secwatch.observer/filing/0001580670-23-000071.txt

## Key facts
- Earnings Releases
  LGI Homes, Inc. reported first quarter ended March 31, 2023 results: revenue $487.4 million, net income $27.0 million, EPS $1.14 Diluted EPS.
  - Period: first quarter ended March 31, 2023
  - Revenue: $487.4 million
  - Net income: $27.0 million
  - EPS: $1.14 Diluted EPS
  - Result: reported results
  source text: First Quarter 2023 Highlights • Net Income of $27.0 million, or $1.15 Basic EPS and $1.14 Diluted EPS • Net Income Before Income Taxes of $32.3 million • Home Sales Revenues of $487.4 million • Home Closings of 1,366 homes • Average Sales Price per Home Closed increased 4.5% from the first quarter of 2022 to $356,777 • Gross Margin as a Percentage of Homes Sales
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000071/0001580670-23-000071-index.htm

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