secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001580670-23-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067023000071/0001580670-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067023000071/lgih-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001580670-23-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer