---
schema_version: "secwatch.filing_event.v1"
accession: "0001580670-24-000010"
form_type: "8-K"
ticker: "LGIH"
cik: "0001580670"
company_name: "LGI Homes, Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:05:08.632495+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001580670-24-000010
- form_type: 8-K
- ticker: LGIH
- cik: 0001580670
- company_name: LGI Homes, Inc.
- filed_at: 2024-02-20T23:59:59+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/1580670/000158067024000010/0001580670-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580670/000158067024000010/lgih-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580670-24-000010
- JSON: https://secwatch.observer/filing/0001580670-24-000010.json
- Plain text: https://secwatch.observer/filing/0001580670-24-000010.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1580670/000158067024000010/0001580670-24-000010-index.htm

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