secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001580670-23-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067023000082/0001580670-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067023000082/lgih-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001580670-23-000082

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