---
schema_version: "secwatch.filing_event.v1"
accession: "0001580670-23-000082"
form_type: "8-K"
ticker: "LGIH"
cik: "0001580670"
company_name: "LGI Homes, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:13:20.964961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LGI Homes Q2 net income $53.1M, EPS $2.25; raises full-year closing and margin guidance

## Summary
- Q2 net income $53.1M ($2.25 diluted EPS); home sales revenue $645.3M on 1,854 closings.
- Full-year closing guidance raised to 6,500-7,200 homes; gross margin guidance raised to 21.5%-23.5%.
- Net new orders in Q2 increased 124.2% YoY; average selling price $348,042, down 2.4% YoY.
- Active selling communities at June 30: 102; expects 115-125 by year-end.
- Total liquidity $384.7M; net debt to capitalization 36.8% as of June 30, 2023.

## SEC filing metadata
- accession: 0001580670-23-000082
- form_type: 8-K
- ticker: LGIH
- cik: 0001580670
- company_name: LGI Homes, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000082/0001580670-23-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000082/lgih-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580670-23-000082
- JSON: https://secwatch.observer/filing/0001580670-23-000082.json
- Plain text: https://secwatch.observer/filing/0001580670-23-000082.txt

## Key facts
- Earnings Releases
  LGI Homes, Inc. updated its Full Year 2023 guidance (raised).
  - Period: Full Year 2023
  - Guidance: raised
  - Result: guidance update
  source text: we are raising our full year closing guidance to a range between 6,500 and 7,200 homes and raising our full year gross margin guidance to a range between 21.5% and 23.5% and adjusted gross margin guidance to a range between 23.0% and 25.0%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000082/0001580670-23-000082-index.htm
- Earnings Releases
  LGI Homes, Inc. reported second quarter 2023 results: revenue $645.3 million, net income $53.1 million, EPS $2.26 Basic EPS and $2.25 Diluted EPS.
  - Period: second quarter 2023
  - Revenue: $645.3 million
  - Net income: $53.1 million
  - EPS: $2.26 Basic EPS and $2.25 Diluted EPS
  - Result: reported results
  source text: Second Quarter 2023 Highlights • Net Income of $53.1 million, or $2.26 Basic EPS and $2.25 Diluted EPS • Net Income Before Income Taxes of $71.4 million • Home Sales Revenues of $645.3 million • Home Closings of 1,854 • Average Sales Price per Home Closed of $348,042 • Gross Margin as a Percentage of Homes Sales Revenues of 22.0% • Adjusted Gross Margin* as a Percentage of Home Sales Revenues of 23.8%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580670/000158067023000082/0001580670-23-000082-index.htm

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