LGI Homes Q4 net income up 52.7% to $52.1M; 2023 closings up 1.6% to 6,729 homes

LGI Homes, Inc.

2023-FY EPS reported $8.42 revenue$2,358,580,000

Q4 home sales revenue $608.4M (+24.6% YoY); 1,758 closings (+21.4%); diluted EPS $2.19.
FY 2023 revenue $2.4B (+2.3%); net income $199.2M (-39.0%); diluted EPS $8.42.
Q4 gross margin 23.4% (+270 bps); adjusted gross margin 25.1% (+300 bps).
Active communities at Dec 31: 117 (+18.2%); total liquidity $403.8M; net debt to cap 39.3%.
2024 guidance targets higher community count, closings and profitability; no specific numbers provided.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LGI Homes, Inc. reported financial results for three months and fiscal year ended December 31, 2023.

Period: three months and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 20, 2024, LGI Homes, Inc. (the “Company”) issued a press release announcing its financial results for the three months and fiscal year ended December 31, 2023.

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LGI Homes, Inc. filing history →

Source: SEC EDGAR

accession 0001580670-24-000010

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