secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001580670-23-000091
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 reports Q3 EPS $2.85, revenue $617.5M; gross margins back to pre-pandemic levels
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- Net income $67.0M ($2.85 basic EPS) on home sales revenues of $617.5M from 1,751 closings.
- Gross margin 25.7% (adj. 27.2%), a 340 bps sequential improvement; pre-tax profit margin 14.5%.
- Active selling communities grew to 106; total liquidity $243.2M with net debt to capitalization 38.8%.
- Nine-month net orders of 5,646; ending backlog 1,377 homes valued at $509.9M.
- Full year 2023 guidance updated; management cites strong Q4 start and positive long-term outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067023000091/0001580670-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067023000091/lgih-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001580670-23-000091

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