secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001580670-24-000010
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 Q4 net income up 52.7% to $52.1M; 2023 closings up 1.6% to 6,729 homes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000010/0001580670-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000010/lgih-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001580670-24-000010

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